Smart Innovators: Construction Management Software

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Executive Summary

After over a decade of stagnant productivity in construction, the digital transformation of the sector is accelerating, due to immense pressure to overcome worsening labour shortages and align with incoming ESG targets. With new market entrants bringing compelling innovation, and adopting mindset-shifting approaches, construction management software (CMS) is fast becoming a cornerstone of construction processes, from backyard makeovers to megaprojects. This report provides buyers of CMS with a high-level benchmark of the capabilities of 26 providers. It covers solutions for project management, document control, compliance, financial control and customer support. Construction managers should use this report to inform their investment decisions for 2024. Software providers should leverage the information to benchmark their products.

Table of contents

Construction management software (CMS) is redefining the industry
A range of factors amplify challenges in construction
Introducing the CMS market
Core functionality spans project management to financial control
Digitization of the construction industry is accelerating, with diverse solutions continually evolving
The future of CMS is bright
Key innovations in CMS

Table of figures

Figure 1. Key stakeholders in the construction process
Figure 2. The building life cycle
Figure 3. Stakeholder involvement at each stage of the building and construction management process
Figure 4. The three pillars of construction priorities
Figure 5. Drivers and barriers to the uptake of CMS
Figure 6. The broad range of CMS functionality
Figure 7. Smart innovators: CMS capabilities assessment
Figure 8. Key recent mergers, acquisitions, investments and product launches 
Figure 9. CMS innovative capabilities assessment

About the authors

Sophie Planken-Bichler

Sophie is an Analyst in the Verdantix Smart Buildings practice. She joined Verdantix in 2023, having previously worked as a landscape architect at James Blake Associates, where she gained experience in sustainable design and environmental policy. Sophie holds a BSc in Geography from the University of Exeter.

Claire Stephens

Research Director, Smart Buildings
Claire Stephens is Research Director of the Smart Buildings team. With 18 years of experience in the sector, Claire is recognized as an expert in industries that make up the built environment, in particular, corporate and commercial real estate, and workplace and sustainability technologies. At Verdantix, Claire will be digging into building technology for building owners, occupiers and investors, focusing on how to support them in reaching their ESG objectives. Prior to her arrival at Verdantix, Claire launched Asia’s first corporate real estate, green building and building technology publications. She has also delivered full lifecycle real estate consultancy services covering a broad range of asset types in industries including financial services, oil and gas, pharmaceuticals, technology, consumer goods, media, retail and hospitality.

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