PlanRadar Launches eBook to Tackle US$1.84 Trillion in Construction Losses
PlanRadar, a global leader in digital documentation, communication and reporting for the construction and real estate sectors, has unveiled a comprehensive new eBook examining one of the industry’s most pervasive yet under-addressed issues: information loss.
Entitled “Information Loss in Construction: How to Identify and Eliminate Hidden Costs”, the publication investigates how disjointed teams, fragmented tools and outdated reporting practices continue to hinder project timelines, erode profit margins and compromise collaboration—even on the most high-profile developments.
The release comes at a time when construction professionals worldwide are under growing pressure to deliver projects faster, more safely, and within tighter margins—amid mounting risks associated with data accuracy, rework and regulatory compliance.
A Trillion-Dollar Issue Largely Ignored
Drawing on recent findings, the eBook notes that the global construction industry incurred an estimated US$1.84 trillion in losses during 2020 alone due to poor-quality data. For a Tier 1 contractor generating US$1 billion in annual revenue, this equates to an estimated US$165 million lost each year—solely as a result of ineffective information management.
“While the industry has made progress in digitising certain functions, many project teams still rely on fragmented systems—emails, paper forms, outdated spreadsheets, and siloed tools,” said Ibrahim Imam, CEO & Co-Founder at PlanRadar. “This leads to delays, errors, and miscommunication that ripple across the entire lifecycle of a project.”
The eBook references authoritative global research from PwC, Autodesk, FMI and peer-reviewed journals to quantify both the financial and operational impact of information loss—while offering practical, real-world solutions for mitigating these risks.
Inside the eBook: Analysis, Insights, and Actionable Steps
Targeted at executives, project managers, engineers and investors involved in large-scale construction, infrastructure and real estate projects, the eBook presents a detailed examination of:
The scale of the information loss crisis – including how more than 90% of projects miss delivery deadlines, with poor communication cited as a leading cause.
Why traditional practices are increasingly untenable – from reliance on paper documentation and handwritten notes to disorganised file sharing and inconsistent reporting protocols.
The financial, legal and productivity risks posed by an absence of structured data strategies.
How innovative firms are enhancing visibility, accountability and efficiency through integrated digital solutions.
The publication also showcases how PlanRadar’s cloud-based platform allows construction professionals to manage documentation and communication from a single, centralised system—bridging the gap between the construction site and the office. With tools such as SiteView, PlanRadar’s 360° reality capture feature, the platform adds a further layer of visual oversight that minimises rework and supports better tracking of progress across dispersed project teams.
