The U.S. construction industry faces a constant battle to balance safety, compliance, and productivity. The cost of safety incidents, regulatory fines, and project delays can be devastating, with a single lost-time injury costing a company around $35,000, and severe incidents leading to costs exceeding $1.3 million.
FYLD offers a solution. Our AI-powered work execution platform transforms construction operations by providing real-time visibility, data-driven insights, and streamlined workflows, leading to reduced safety incidents, improved compliance, and boosted productivity.
Ensuring safety and compliance isn’t just a regulatory requirement—it’s a critical factor that directly impacts project success, worker well-being, and company reputation. For construction companies and subcontractors managing large-scale projects, the challenges of maintaining OSHA (Occupational Safety and Health Administration) compliance and preventing safety incidents are immense. These challenges can result in significant financial penalties, project delays, and increased insurance costs, not to mention the potential harm to their workers.
Enhancing safety and compliance through real-time visibility
One of the most significant challenges in construction is the lack of real-time visibility into contractor activities. Without it, companies are at greater risk of safety incidents and non-compliance with OSHA standards, leading to costly violations and project delays.
FYLD’s platform addresses this challenge by enabling real-time monitoring of safety practices on-site. With FYLD, construction companies gain immediate insight into the conditions and behaviors of contractors, allowing for proactive adjustments to ensure consistency and compliance. This enhanced visibility is crucial in preventing safety incidents and ensuring that all safety standards are met throughout the project lifecycle.
Supporting this, FYLD has demonstrated a 73% below average construction incident rate in the United States in projects where its platform is implemented, underscoring its effectiveness in improving safety outcomes.
Through real-time visibility, companies can ensure that projects are executed safely, on time, and in full compliance with regulations, significantly reducing the risk of incidents and non-compliance.
Reducing incidents and safety risks with AI-Driven insights
Safety incidents in construction not only pose a threat to workers but can also result in financial penalties, reputational damage, and increased insurance premiums. Managing these risks effectively requires a proactive approach to hazard identification and compliance management.
FYLD’s AI-driven platform excels in this area by continuously analyzing on-site data to identify potential hazards before they lead to incidents. The platform's AI capabilities provide actionable insights, helping project managers and safety leaders to implement necessary controls and adjustments in real-time.
Investing in safety with FYLD is not only about protecting workers; it's also a smart financial decision. According to industry data, workplace injuries account for 6-9% of project costs, whereas an effective health and safety program accounts for only 2.5% of those costs. By reducing incidents and ensuring compliance, FYLD enables companies to operate more safely and cost-effectively, protecting both their workforce and their bottom line.
Streamlining compliance and reducing administrative burden
Managing safety compliance in construction often involves extensive paperwork, manual processes, and the constant risk of human error. These administrative tasks can slow down project delivery, increase costs, and divert attention from core project activities.
FYLD streamlines these processes through its AI-supported workflows, which streamline many of the time-consuming compliance tasks. For example, the platform reduces the need for manual job hazard analysis (JHA) reports by enabling video-based assessments that are automatically recorded, analyzed, and documented.
As a result, companies like Ferrovial have seen a 75% reduction in time spent creating JHA reports, freeing up resources to focus on critical project tasks. This reduction in administrative burden not only speeds up project timelines but also lowers operational costs, allowing companies to deliver projects more efficiently and profitably.
Boosting productivity and reduce downtime with right-first-time execution
Rework is one of the most significant challenges in construction, often leading to project delays, increased costs, and extended downtime. Revisiting tasks not only drains resources but also disrupts the entire project schedule.
FYLD’s AI-powered platform minimizes the risk of rework by guiding workers through the correct procedures from the outset. The platform provides step-by-step guidance to ensure that each task is completed accurately, reducing the likelihood of errors that could necessitate rework.
The financial impact of rework is staggering. The UK construction sector spends between £10–25 billion annually on rework, accounting for 10% to 25% of total construction expenditures. By contrast, FYLD helps companies achieve right-first-time execution, significantly reducing downtime and keeping projects on schedule and within budget.
By avoiding rework and ensuring that jobs are done correctly the first time, FYLD boosts productivity, allowing construction companies to complete projects faster and more efficiently.
Transforming construction together
FYLD is more than just a tool; it's a partner in your journey to safer, more efficient construction. We work closely with construction companies, subcontractors, and safety leaders to create safer, more efficient, and compliant operations. Our AI-powered platform is designed to address the most pressing challenges in the industry, from reducing safety incidents to streamlining compliance and boosting productivity.
Join us in transforming the construction industry—contact FYLD today to learn how our solutions can help your organization achieve superior safety and compliance outcomes.
