Four Factors Affecting Your Profits in 2021
If 2020 taught us anything, it’s the importance of preparing for the unexpected and developing the agility to quickly adapt plans. Construction finance leaders and project managers are having to evolve their roles to be more proactive in data analysis and drive strategic planning as the industry continues to recover. As the business world moves […]
Breaking Down Barriers to Unlock Profitable Growth
As a highly competitive sector, the construction industry is constantly under pressure to increase the pace of digitalization, with many restricting their growth due to manual processes and lack of visibility into their deals. To accelerate this digital transformation, first they must look at barriers and use them to leverage a new way of working for continuous success in the years to come.
Beyond the Fear: Why Digital Disruption Is Good for Your Construction Business
Rapid technology shifts in the industry are poised to usher in a new era of digitally enabled construction, further accelerated by the ongoing COVID-19 pandemic. But companies need not be intimidated or caught by surprise by the advancing forces of technology. Instead, embedding IT advances in all aspects of a construction business will not only […]
Improve Productivity and Reduce Downtime With a Digital Asset Management System
Construction workers spend approximately 30% of their time waiting instead of working due to unavailable equipment, delayed deliveries and workflow variations, which delay precursor steps. To mitigate these challenges, construction firms typically conduct daily job box inventory checks and manually record tool information with handwritten notes, whiteboards and spreadsheets. Besides the errors and inefficiencies that […]
Measuring KPIs to Keep Projects on Track
Measuring performance is challenging in the construction industry because each project is unique—taking into account the design, schedule, site and team—and the process is continually impacted by dynamic factors—including labor, materials, changes and weather. As a result, many traditional key performance indicators (KPIs) are based on information that is already out of date when it […]
Developing Business Strategies to Help Contractors During Difficult Times
For most of us, 2020 did not go according to plan. Contractors have been tasked with finding new ways to run their businesses, putting finance teams at the center of this “new normal.” There are key data points that your business should focus on to not only monitor for market conditions, but also to gain […]
From Whiteboards to the Cloud: Why Contractors Are Choosing to Digitize Workforce Management
$280 billion of rework was caused by poor project data and miscommunication globally in 2018. Contractors are seeing that digital workforce management and mobile resource management (MRM) are the tools they need for connection in this moment and the future. This webinar will feature innovative contractors who have successfully digitized their workforce management procedures and […]
Construction in the Cloud: Fact vs. Fiction
The construction industry is often a laggard when it comes to adopting the newest technologies. But even firms that adapt can fail to make the most out of their investment. Often, adopting new technologies can lead to siloed data, duplicate entries and tech support nightmares. Using a common data environment can facilitate integrations and smooth over movement of data across […]
Five Key Principles for Construction Business Success
As contractors continue to navigate uncertainty, establishing a comprehensive long-term business success plan has never been more important. Through decades of supporting the construction industry, we’ve identified best practices for leveraging key principles to realize steady, predictable business growth. In this webinar, we will cover how contractors can focus on what will have the greatest […]
Advancing Construction Quality
It’s safe to say that construction is in the prime of its digital revolution. Many contractors have adopted cloud software, as well as other technology, but many are still seeking out the best way to standardize processes so that they can reap the full benefits of their investments—specifically in regards to QA/QC management. When implementing […]