COLLABORATION TO YIELD BIG DIVIDENDS TO THE CONSTRUCTION INDUSTRY.Research contributions to the construction industry's high-tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. drive to reduce delivery time and life-cycle costs for industrial facilities are expected to pay big dividends in 2005. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a study by NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. economists, the past, present, and future collaborations between NIST and partners, including two private-sector organizations--the Construction Industry Institute and the new Fully Integrated and Automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. Technologies Consortium--will accelerate the industry's plans for commercial deployment of builder-relevant information-age products by at least 4 years. NIST economists credit the partners' work on key enabling technologies, standard communications protocols Hardware and software standards that govern data transmission between computers. The term "protocol" is very generic and is used for hundreds of different communications methods. A protocol may define the packet structure of the data transmitted or the control commands that manage the and advanced measurement techniques for the expected advance in product and services marketplace readiness. The analysts estimate that product and service availability in 2005, rather than 2009, represent a cost savings to industrial facility owners, managers, and contractors approaching $150 million. A report also describes methods for evaluating and comparing the economic impacts of alternative research investments. It defines the basis for the economic impact assessment and ways to reproduce re·pro·duce v. 1. To produce a counterpart, an image, or a copy of something. 2. To bring something to mind again. 3. To generate offspring by sexual or asexual means. the results. The impact study is expected to be useful to other government and private research groups wanting to evaluate the efficiency of their budget allocations. Copies of Benefits and Costs of Research: A Case Study of Construction Systems Integration and Automation Technologies in Industrial Facilities (NIST Interim Report 6501) will be available from the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. |
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