The construction industry can benefit from using Radio Frequency Identification (RFID) technology to improve operations and increase productivity. RFID helps track assets, reduce errors, and maximize efficiency throughout the construction process. For instance, Bovis Lend Lease, a global construction company, used GPS locator devices to solve issues with equipment theft and management, resulting in increased return on investment. The adoption of new technologies like RFID, barcode, GPS, and Building Information Modelling (BIM) can provide competitive advantages for construction companies. The report highlights the importance of embracing technology in the construction industry and provides examples of how companies are using these technologies to improve their operations.