Robotics, Construction, and Capital

It is easy to dismiss robots as only working in a controlled environment. It is also easy to dismiss looking at the speed, flaws and costs.

D. Brown Management Profile Picture
Share

As you watch the Atlas Robot from Boston Dynamics do some basic parkour moves

or this drywall hanging robot:

 it is also easy to dismiss looking at the speed, flaws and costs.

However take a look at where the technology was at in 2009: 

While still impressive we have come a very long ways. This would be having an uncoordinated dog in 2009 being able to hang a pieces of sheetrock in 2018.  

Look at the rapid leaps we have made with mobile technology as we went from “candybar phones” in 2005 to the first smartphone in 2011.

Where do you think we are at in that innovation curve when it comes to robotics?  

  • Keep in mind that more and more of construction is moving towards offsite fabrication in a controlled environment that will accelerate the use of robotics.  
  • Keep in mind that the balance of the 3 basic constraints on a contracting business shift towards capital when this tipping point occurs.
  • Rise of the Robots is a great book to provide food for strategic thought.

What is your technology strategy?  How is it integrated with your talent and capital management strategies? 




Accounting and Finance (Similarities, Differences, and Integration)
For a growing contractor, understanding the differences between accounting and finance is often a challenge. The two functions are related but very different.
Contractor Exit Strategy 5 of 6: Sale to Management
Contractor Exit Strategy 5 of 6: Sale to Management. A very common exit strategy for contractors and one that might be integrated with passing the business down to family or used when there is no family involved in the management of the company.
Change Order Profit Improvement
A 10% improvement in change order pricing for a $50M per year contractor will add $500K to their bottom line. This is not about simply marking up the change more, but rather, including the many costs that are typically missed or undervalued.