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Connecting Owners and Contractors How Technology Enables Connected Construction

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S M A R T M A R K E T BR IE F BENEFITS AND CHALLENGES OF CONTRACTORS' USE OF OWNERS' PMIS Benefits and Challenges of Contractors' Use of Owners' PMIS INTRODUCTION: USE OF A PROJECT MANAGEMENT INFORMATION SYSTEM (PMIS) Use of a Project Management Information System Level of use by owners and contractors About half of the owners and contractors who participated in the study use a PMIS. ■ Almost half of those with a PMIS use it on all of their projects, and most of the rest use it on half or more of projects. ■ Most (81%) large owners (capital budget of $100M or more) use a PMIS, but use is less common among owners with smaller capital budgets (37%). ■ Similarly, large contractors (annual revenues of $100M or more) commonly use a PMIS (71%), and small companies (less than $10M in revenues) infrequently do so (26%). ■ A higher percentage of contractors doing vertical construction (61%) use a PMIS compared with those doing horizontal construction (infrastructure projects) (34%). The top reason that owners and contractors do not use a PMIS is the belief that their current methods are sufficient (37% and 29%, respectively). A relatively high percentage of contractors not using a PMIS also consider it too expensive (26%) or too complicated (23%). However, 83% of these owners and contractors have some interest in using a PMIS in the future, especially contractors, with over half (58%) expressing a moderate or higher interest in using one in the next three years. OWNERS CONTRACTORS Degree of Use of a PMIS System According to owners and contractors using one 11% 12% 45% 32% 12% 0% 42% 46% Always Half or More Projects Fewer Than Half of Projects Not Sure CONTRACTORS 57% 53% Use a PMIS Use a PMIS OWNERS 2 SmartMarket Brief: Connecting Owners and Contractors Premier Par tner: e-Builder © Dodge Data & Analytics w w w.construction.com

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