Adopting AI to Assist ????
ProNovos Construction Intelligence
Construction software that puts contractors in control of their projects and data
This month's newsletter highlights the benefits of AI in construction, including efficiency, risk prediction, data analysis, and task automation. It also covers tips for starting a tech journey, gaining employee support, choosing the right work boots, and IRS regulations on investment tax credits for construction businesses.
Read more on industry news, upcoming events & product updates.
STATE OF THE INDUSTRY
???? Adopting AI to Assist
Artificial intelligence becomes a valuable asset when employees are trained to utilize it effectively. By integrating AI into your company sooner rather than later, your team can begin mastering its capabilities. AI boosts construction efficiency by foreseeing and addressing potential risks and delays in the pre-design phase, analyzing past project data to enhance future planning, and automating tasks such as monitoring concrete strength. With improved decision-making and enhanced coordination, AI empowers companies to complete projects swiftly and with increased confidence.
??? The Technology Journey
When it comes to embracing new technologies like AI, where should you begin? Discover valuable insights and guidance shared by ProNovos COO Samantha Lake in her recent feature on CFMA's Hey CFMA series:
?? These Boots Were Made for Workin'
Having the right footwear is critical for comfort and safety. However, depending on your trade, you might have unique requirements, and the type of work boots you choose can make a significant difference in performance and protection. Here’s a comprehensive look at 10 essential types of work boots for various trade workers, such as construction workers, electricians, HVAC professionals, landscapers and warehousing.
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???Understanding IRS Credits, Regulations & Compliance
?The Inflation Reduction Act of 2022 (IRA) incentivizes companies to achieve goals like strengthening domestic supply chains, reducing energy costs, and creating jobs, with a focus on developing clean energy jobs under specific wage and labor requirements. In June 2024, the IRS released final regulations that clarify eligibility for a 30% investment tax credit for renewable energy projects that meet prevailing wage and apprenticeship criteria. While the tax credit benefits project owners, contractors and subcontractors bear the responsibility for ensuring compliance with these requirements. This article outlines the final regulations and the responsibilities construction business owners must assume.
领英推荐
STATE OF CONTECH
Australia-based HammerTech raised $70M for it's one-stop solution for safety
Ohio-based GPRS, which specializes in infrastructure laser scanning and maintenance, acquired Existing Conditions, for an undisclosed amount.
STATE OF PRONOVOS
Join us on September 17th at 3pm ET / 12pm PT for an exclusive live webinar with Clint Alessandro, President of Alessandro Electric. Discover how he has equipped project managers to effectively handle their projects' financial aspects using ProNovos.
Don't miss Pro2Pro Live on September 5 at 11 am ET to unlock your Foundation data's full potential with Frank Di Lorenzo and ProNovos' Denver Sperry. Explore improving your ERP with financial intelligence, including WIP, forecasting, and visual dashboards.
Upcoming ProNovos User Power Sessions
You are invited to sign up for our engaging 15-minute power sessions designed to help you master features within ProNovos, the upcoming sessions are below:
ICYMI: Read about recent updates we've made to empower contractors with actionable insights and innovative tools such as pinning your favorite projects for easier navigation, enhancements to the WIP and Cost Forecast columns, and refined Beeswarm charts.
Accurate and timely financial reporting is essential in construction. Yet, many companies find themselves limited by the native ERP reporting tools they rely on. Often designed for broader industries, these tools fall short of providing the dynamic, construction-specific insights businesses need to thrive.
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