Digitalizing documents has revolutionized various businesses, significantly impacting the construction industry. This transformation involves not only converting physical documents into digital formats, making them easier to store, access, share, and manage but also the use of digital signatures and online permit applications. As rules and regulations increase, the construction industry faces voluminous paperwork. Digitalization offers numerous advantages, including enhanced efficiency, reduced costs, and improved overall project management.
In this article, we discuss the following:
- Digitalization of various types of construction documents - Examples of digitalization in construction, including digital permits, bidding documents and contracts.
- Benefits of digitalization, including enhanced efficiency, enhanced security and cost reduction
- Challenges of digitalization, including data security and privacy concerns, resistance to change, technical issues and legal recognition of electronically signed documents
Abigail Nerizza Co, Lead Knowledge Lawyer, David Williams, Content Development Lawyer, and Alex Gong, Partner at Baker McKenzie FenXun,* co-authored this legal update.
* Baker & McKenzie FenXun (FTZ) Joint Operation Office is a joint operation between Baker & McKenzie LLP, an Illinois limited liability partnership, and FenXun Partners, a Chinese law firm. The Joint Operation has been approved by the Shanghai Justice Bureau.