Building hoists, also known as construction hoists, serve several essential functions in construction projects. They are primarily used for the vertical transportation of workers, materials, and equipment within a building under construction. They increase efficiency by reducing the time and effort required to move materials and personnel, ensuring a faster construction process. Hoists also enhance safety by providing a controlled and secure means of vertical transportation, reducing the risk of accidents associated with manual material handling. Additionally, they contribute to the overall project timeline by allowing for simultaneous work on multiple floors, improving the coordination of construction activities.