DYK: Buildings Kryptonite… Time
Did you know that 3 out of 4 construction businesses (77%) say they are happy with how quickly they finish a job, and a majority (53%) are happy with how quickly they get paid for their work? This makes us question if the status quo should continue to be the norm and...
DYK: Rising Construction Costs
Did you know that construction costs for the 12-month period through the end of August 2021 rose by 4.5 percent, with material costs leading the way with a whopping increase of 23.1 percent? Over the next year, the estimated increase in total construction costs...
DYK: Demands of The Building Industry
Did you know that the industry needs to build 13,000 buildings each day between now and 2050 to support an expected population of 7 billion people living in cities. It also demands 1.55 million new housing units planned annually in the U.S. —...
DYK: Web2.0 vs Web 3.0
Did you know that there are different versions of the web? Web 1.0 or the original version of the internet (Netscape) was the primary game in town during the early 2000's. This was the first iteration of the WWW or the world wide web and it was lifechanging as it...
DYK: Not Just a “One Off”
Did you know that the global average value of a construction delay dispute is roughly $54.3 million. Where the average length of these disputes are 13.4 months! Further 9 out of 10 projects experience a cost overrun.
DYK: A Century’s Hidden Gem
Did you know that modular construction was actually implemented in the U.S. and is over 100 years old! Modular construction was actually integrated in the 1600's when English settlers brought well made prebuilt homes over to America.
DYK: An Industry Favorite
Did you know that concrete is the most widely used building material in the world? Check out this article for a detailed history of building materials since the stone ages! https://www.webuildvalue.com/en/infrastructure-news/building-materials-history.html
DYK: The Prophecy Has Ended
Did you know that the Great Pyramid of Giza was the tallest structure in the world for over 3,800 years?
DYK: Soaring in The Clouds
Did you know that the global cloud computing market is expected to reach $623.3 billion by 2023 and according to cloud computing growth stats, the industry will grow at a CAGR of 18%. In 2018, the market size was valued at $272 billion! 90% of all US companies...
DYK: Height Wars – The Battle of The Heavens
Did you know that there currently is a new world's tallest building being built? Currently the Burj Khalifa, in Dubai, stands at 2,722 feet tall and took six years to build. So what is this tower? It is called the Jeddah tower and it is located on on the north side...