Installing a new building hoist involves several steps: 1) Site preparation, ensuring the area is clear and level. 2) Unpacking and inspecting the hoist components for any damage. 3) Assembling the hoist tower, starting with the base and working upwards. 4) Installing the drive unit and cable system. 5) Attaching the counterweight and safety devices. 6) Rigging the hoist to the building structure for stability. 7) Conducting a thorough inspection and testing the hoist for safety and functionality. 8) Obtaining any necessary permits and approvals. 9) Training operators on the safe use of the hoist. It's crucial to follow the manufacturer's instructions and local regulations when installing a building hoist.