At Cotney Construction Law, our attorneys are on the up and up when it comes to the latest construction industry trends. We speak the language of the industry and keep a close eye on the latest news to ensure that we’re prepared to provide our clients with an unprecedented level of service.
Fighting for the industry means planting yourself firmly in the middle of it, which is why many of our attorneys have backgrounds rooted in construction. Therefore, when discussions such as the difference between horizontal and vertical construction arise (see part one), we’re already on the same page as contractors who might be wondering which type of construction is best for their business.
With a recession rumored to be approaching, we’re dedicated to helping contractors support their businesses and safeguard their success by offering an array of services including license defense, bond law, lien law, bid protest, contract negotiation, and more. Consult a West Palm construction lawyer from Cotney Construction Law for more information about how partnering with an experienced legal representative can help your business succeed.
Applications of Technology Favor Vertical Construction
Construction firms are embracing technology as a means to streamline the building process, cut costs, and increase worker safety. Some examples of technology that is affecting the construction industry include:
- Virtual Design and Construction (VDC)
- Building Information Modeling (BIM)
- Mobile Project Management Apps
- The Internet of Things (IoT)
As a result, software firms and venture capitalists are investing heavily in new technological resources for the construction industry. Up to this point, these investments are mainly aiding vertical construction endeavors.
The goal is to reduce the cost and complexity of vertical building projects to help projects reach completion on time and under budget without compromising safety. Organization is integral to a successful vertical construction project, and new software programs are being designed to help contractors deal with the sheer volume of trades and materials being juggled on most project sites. If you’re partial to utilizing the newest technology to aid your projects, vertical construction is probably the ideal fit for your contracting business.
What About Horizontal Construction?
While it hasn’t been the primary focus of the companies producing these cutting-edge tools, horizontal construction can still benefit from improved workflow and supplies management. Since the same cost, budget, and risk issues exist in both categories, there’s still a lot of room for improvement. More importantly, horizontal construction will continue to grow through periods of recession since transit helps fuel the economy. Vertical construction often falters during these periods since private investors keep their money close to the chest until they are certain that their investments will pan out according to plan. Plus, fewer subcontractors are needed to complete horizontal projects which means the firms specializing in horizontal construction are often primed for action regardless of the economic climate.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.