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The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

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The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

The famous Aristotle quote that goes, “Well begun is half done,” rings very true in the construction industry. Doing so won’t just make your life easier; it’ll also help you protect your profit margins. When you stay on top of project planning and design from the beginning (i.e., How do you accomplish this?

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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

And any savings on paper are usually lost mid-way through the project in change orders. It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. In addition, they make less per project and ultimately end up with too little profit, if any, to grow. And guess what?

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BuildTools Delivers Major Productivity and Profitability Gains for Home Builders

Pro Builder

BuildTools Delivers Major Productivity and Profitability Gains for Home Builders. Bast brings productivity and profitability gains to home builders. Bast’s move to BuildTools was driven primarily by the meltdown of the construction industry back in 2010. kcichowicz. Tue, 04/13/2021 - 09:07. Case Study Image.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Industry Statistics. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company.

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Data Analytics Trends in Construction

Viewpoint Construction Technology

Data analytics and business intelligence have become hot topics in construction as firms are seeing the benefits other industries are realizing. The industry as a whole is looking for ways to help contractors get smart about data. And true data analytics is more than just tracking traditional job costs and cash flow.