Robots, drones and 3D printing. That’s the future of the construction industry, which is one of the oldest industries in human history and one of the most advanced. With a number of deferent actors, including developers, designers and architects, contractors and more all participating in the process, conflicts of interest are bound to occur. Constriction law covers both transactional and litigation aspects of the industry, and is constantly evolving to keep up with new trends.
A rapidly changing industry
The construction industry is not only one of the largest in the U.S. it is also changing rapidly. New technology and new tastes are making it much more technically advanced and ecofriendly. As of 2016, the total worth of the industry was estimated to be $1,162 billion, and it will continue to grow.
It will also continue to change, with drones helping to improve the accuracy and safety of construction and 3D printing reducing costs as well as the impact on the environment. The overall push in terms of technology is towards speed and safety. Construction law will also continue to evolve along with the technology. In both areas, the emphasis is on speed and efficiency.
New technologies in construction
The use of robots in construction is a major change that is almost ready to take off. Robots can be used to handle difficult and dangerous tasks, improving the speed and safety of the construction process.
3D printing is another innovation that will have a major impact on the industry. It can be used to create building materials at the site itself, eliminating the logistical delays associated with transportation and storage. 3D printers also waste less materials, making it an ecofriendly technology.
New materials and designs
New ecofriendly materials will make buildings more sustainable and give architects and designers greater freedom to exercise their creativity. New materials are more sustainable and durable. Wind and solar energy use will be built into the designs themselves.
Keeping up with the technology, commercial real estate law is also moving in the direction of greater speed and efficiency. That is the reason why construction attorneys prefer arbitration to commercial litigation. Lawyers for business owners prefer the speed, efficiency and lower costs of alternative dispute resolution (ADR) processes like arbitration.
New materials and technology are transforming the construction industry rapidly. Construction law, which is already a very complicated field, is also changing. Construction lawyers and attorneys prefer speedier arbitration processes to litigation to settle disputes.