Green Building Council-Boss MagazineThe collaborative economy has hit the construction industry with hot leasing, which is saving companies both time and money.

The sharing economy is a trending business concept that highlights the ability for individuals or organisations to rent or borrow goods rather than buy and own them. It’s still in its infancy in Australia, but this is just the beginning and the share economy will encompass the collaboration of all aspects of social and economic life.

Hot Leasing
Hot Leasing is just one example of the share economy. It is a cutting-edge High Risk Work Licence and Safety training initiative, whereby the Construction Training Centre (CTC) assumes the capital risks associated with the delivery of a registered training organisation’s (RTO) highrisk work licence and safety training by providing and maintaining the plant, equipment, and facilities required, and hiring these assets out on a short-term flexible basis to multiple users.

This is a significant game-changer for the industry, as it removes two huge barriers to entry for RTOs: the need to have a lease and the need to buy capital equipment. It aims to maximise time and cost-efficiency so RTOs can concentrate on delivering training programs. A wide range of specialist equipment and facilities are available including elevated work platforms, forklifts, working at height and rope access, confined space, asbestos removal, scaffolding, swing stages, and more.

The Hot Leasing area is completely carbon neutral and is a clear result of CTC’s focus on sustainability, collaborative consumption, and dedication to the share economy.

Building Information Modelling
CTC, along with several other construction companies
and affiliates, is constantly adopting modern ways of thinking and planning and is currently exploring Building Information Modelling (BIM), which is changing how buildings, infrastructure, and utilities are planned, designed, built, and managed.

BIM is a way of working: it is information modelling and information management in a team environment. It creates value from the combined efforts of people, process, and technology. BIM gets the right information to the right people at the right time, helping businesses innovate. Essentially BIM offers the potential for the democratisation of the complete lifecycle of a building, but only if all those engaged in the respective value chains are able to make the transition from the analogue to digital world.

Where is Technology Taking the Industry?
Green Building Council-Boss MagazineThe trend towards automation and the transformation from an analogue to digital economy is likely to be viewed with excitement and trepidation in equal measure. It is true that the time has never been better for startups, given that entry costs now are lower as capital intensive barriers are being replaced with technology and digital savvy.

I see a future where builders, project managers, tradies, building certifiers etc. will come to site wearing Google glasses or Oculus Rift headgear and build partially with the virtual plan in mind, determining what needs to be done and whether things are as they should be by overlaying the BIM model against what has actually to be built. The advantages of this are obvious, from less re-work, quicker completions, to improved inter-site communication.

If our workforce is to stay above the rising tide of automation and disruption, all workers will need to operate seamlessly in this digital environment.

The question we must ask is, are we educating and training our students and apprentices to meet the challenges of digitisation head-on? The answer is more complex than just the emphasis on Science, Technology, Engineering, and Maths (STEM) in secondary and tertiary education. It is about how practical skills, creativity, IT savvy, and entrepreneurship can be fostered to create wealth for Australia in a region where success will rely on the speed
at which technology can be embraced for the benefit of both business and society as a whole.

Centres of Excellence with a vision now have a whole new role to play in maintaining and advancing Australia’s position as a developed nation and one that fosters the long-held value of giving everyone a fair go.

Green Building Council-Boss MagazinePhil Diver is CEO at The Construction Training Centre (CTC), a specialist resource hub for the building and construction industry. As a person of vision, Phil spearheaded the “Hot Leasing” initiative which CTC launched into the industry in 2014.