AGC released new standards that will allow sharing of data and key information between different construction programs. This new tool, known as agcXML, is expected to save construction companies up to the $15.8 billion a year currently spent in lost productivity because many construction software programs are not currently compatible.
"The most expensive walls in some construction projects are the ones that divide essential software programs," said Stephen E. Sandherr, the association's chief executive officer. "This new tool will deliver significant savings by making the industry more efficient and productive."
Because data exchanged between architects, engineers, contractors, subcontractors, material suppliers and building owners is still commonly shared in paper documents, or their electronic equivalent, it often leads to costly delays and inefficiencies. The new agcXML will allow all parties to exchange information more efficiently, including documents such as owner/contractor agreements, schedules of values and requests for information.
For more information about agcXML, please visit www.agcxml.org, or contact Monique Valentine at (703) 837-5338 or valentinem@agc.org.
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