THE ECONOMICS OF CLOUD-BASED COMPUTING TECHNOLOGIES IN CONSTRUCTION PROJECT DELIVERY

The construction industry is a very traditional sector, albeit one that is embracing new technology faster now than at any time in its past. The purpose of the research is to assess the economics of cloud-based computing technologies in construction project delivery. The study made use of a cross-sectional survey through a questionnaire instrument distributed to construction stakeholders. The surveyed sample size represent a 58% response rate. Statistical tools of Stacked Bars and Analysis of Variance (ANOVA) were used to present the result. The study identified the cloudbased services mostly used by construction stakeholders. The study revealed that economic benefits such as knowledge sharing, remote access of back-office activities and collaboration among construction stakeholders are evident while utilizing cloudbased computing technologies. Although, there are many benefits to the use of this technology, the study identified fear of security and data privacy, poor/slow connection to the internet, lack of physical control and costly data subscription as major threats to the efficient and effective use of cloud-based computing technologies in the construction delivery process.