Revenue growth in civil engineering
Revenue growth in civil engineering — which includes subsectors as varied as construction and materials, industrial machinery, and industrial transportation — was up 3.2 % compared with the same period in 2013. Net income margins rose to 7.3 % in the first half of 2014 from 6.9 % for all of 2013.
Industrial capacity in civil engineering
Industrial capacity in civil engineering stood at 78.9 % in October 2014. It marked the fifth consecutive year of gains, putting civil engineering companies in a position of being able to turn down less profitable projects.
E.U. outlook in civil engineering
Even in Europe, which has been wrestling with erratic economic growth, civil engineering companies are holding their own. The leading global civil engineering companies achieve impressive EBIT margins of 17.3% on average. And in China, the number of civil engineering firms has more than doubled since 2000.
Potential for civil enginering industry
Civil engineering industry has the potentiality to build a strong economy and so more multinational companies and engineers are showing interests to be involved with civil engineering industry. As societies continue to develop and become more technological advancement, demand of civil engineering activities is also increasing.
Challenges in civil engineering
Many civil engineering companies lack a holistic view of all infrastructures, facility information and their inter-dependencies. Conflicting information stored in different systems results in wasted time trying to determine which version is correct, lower documents and plans availability, higher costs, slower decision making processes, and greater risks.
Proactive and timely civil engineering infrastructure is critical to maximizing ROI. However, industry analysts point out that “owners and operators of properties lose millions in top-line revenue and bottom-line profits because they cannot get critical facilities operational or renovated in a timely manner”.
In all engineering sectors, challenges regarding quality, safety and environment are critical due to:
To increase margins while complying with regulations, civil engineering projects are more complex, scattered and time-challenging.
To assist them in daily tasks, project managers benefit from many levers, such as:
Lascom PLM offers civil engineering software to assist companies in their projects. The platform coordinates many and scattered participants, accelerates project lifecycles, reduces risks attached to projects and ensure information consistency and traceability.
Lascom PLM civil engineering software:
Lascom engineering software benefits
Leading drug manufacturer Eli/Lilly has chosen LASCOM’s Product Lifecycle Management (PLM) suite, Lascom PLM solution to manage engineering drawings of its pharmaceutical... Read more »Read more