“When you’re putting in a low-cost bid, there’s very little room for innovation, there’s very little room to try new things because the risk is generally downloaded to the contractor,” she said.
She said approximately 75 per cent of Canada’s construction industry consists of small businesses with five or fewer employees, which makes adoption of new technology more financially challenging. Around 46 per cent of companies said they plan to spend more than 11 per cent of their corporate operating budget on tech and digital transformation, while one-third anticipate spending six to 10 per cent.
“So we’re seeing all kinds of new helping devices come out as well, which should help workers be able to work more productively and hopefully attract some other workers to our industry.”
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