As both human and material resources are scarce and construction projects are increasingly complex, it is still an accepted belief that the contractor must deliver the project on time, under budget and with guaranteed quality. Contractors are challenged to deliver in all three areas for the project to be considered successful. What, then, is left to differentiate one contractor from another? How can contractors and subcontractors prove their competitive advantage and ensure that they stay on the leading edge of those typical, minimal commitments?
Distributors in building and construction supplies are well aware of the benefits automation can deliver. When it comes to the physical supply chain in particular, automation leads to improved fulfillment management, optimized processes and increased profits. However, the impact automation can have on the financial supply chain is often overlooked.
Use Mileage Tracking Apps to Save More at Tax Time Apps Can Help Construction Contractors Take Full Advantage of Mileage Deductions
Contractors drive an average of 75 miles every day, according to a recent study by The Aberdeen Group. Those miles equate to more than $10,000 in tax write-offs each year However, the vast majority of miles go unreported and dollars are never claimed due to lack of awareness or failure to use tracking technology.
In every industry, technological advancements are helping companies to be more efficient and save money. Construction is no exception. According to the 2016 report on the results of a global PwC survey, Industry 4.0: Building the Digital Enterprise, respondents anticipate a return on their investment in technology over the next five years. Participants in all industry sectors expect to realize a 2.9 percent increase per annum in revenue. Engineering and construction companies anticipate a revenue gain of 2.7 percent per annum. On average, companies across all sectors expect to reduce costs by 3.6 percent annually.
Tips and Tools to Streamline Communication Construction contractors can be more productive with the right communication methods
The key to success on any team is communication. For many teams, this is easier said than done, mainly because setting up an environment that is conducive to effective and efficient communication can seem like a daunting task. Too often, this is because people overcomplicate what is necessary for a quality communication infrastructure.
Anyone who studies history understands that to look back is to look forward, and it seems construction technology follows suit. As construction is rapidly moving into a digital-first world, companies are seeing major shifts in the ways technology helps them streamline practices, reinvent personnel and equipment management and even use virtual and augmented reality to ideate, construct and maintain their buildings. The speedy pace of innovation has heads spinning, often leaving companies feeling a sense of fear from a lack of control.
As communities shift their focus to building “smarter” cities, a huge opportunity exists in the construction industry. In fact, 37 percent of municipal leaders prioritize “smart buildings” as an area for future investment, according to Smart City/Smart Utility, a 2017 Strategic Directions Report by Black & Veatch.
Every year it seems that a new “silver bullet” software package emerges, promising to automate critical marketing practices to increase sales. Because field sales alone cannot possibly maximize revenue across all accounts, a software solution may seem like a cost-effective way to support uncovered or underserved accounts. As a result, many businesses now use some form of marketing automation software—either a standalone program or as a part of a CRM system.
A walk through any construction site reveals the significant, transformative impact of today’s technology. Mobile has become ubiquitous and mandatory. Continue »