b'THE OFFICIAL NFBA MAGAZINEARTIFICIAL INTELLIGENCE FOR ENGINEERING AND CONSTRUCTION FIRMSRESEARCH & TECHNOLOGYIn numerous industries, technicalBy: Cain Menard,Performance Consultant jargon can pose a challenge forwith FMI Consultingthose unfamiliar with it. technology and associated salaries C onstruction is no exception, employingcan generally be the second-highestanFMI terms such as earned value, design- costonanaveragecontractors bid-buildandWIP(work-in- incomestatement,accordingto progress), which are typically only familiaranalysisofclientsfinancialstatements.toconstructionindustryprofessionals.Byincreasinglyadoptingsoftwareand While the tech sector may be the most prolifictechnology to incorporate data-driven decision sourceofindustry-specificterminology,making, they introduce technical terms like contractors are gradually evolving into techvirtual design and construction (VDC), building companiesintheirownrights.Software,information modeling (BIM), cloud computing and application programming interface (API).continued on page: 1918 / FRAME BUILDER - AUG2023Figure 1: Knee Brace with SlipRing Analog'