The Role of the Semantic Web for Knowledge Management in the Construction Industry (Report‪)‬

1 Introduction The architecture, engineering and construction (AEC) industry faces with continued social pressure to improve quality, responsiveness, reliability and efficiency in its business. Time delays, unforeseen work and costs, and resulting lawsuits among participants become routine events and result in exaggerated prices of buildings. Worldwide reports give an account that approximately 5% of total annual turnover in the AEC industry is lost because of the inadequate interoperability among participants in the industry and a lack of standardization in technology adoption among stakeholders [1][2].