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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

Doing so won’t just make your life easier; it’ll also help you protect your profit margins. TradeTapp evaluates, benchmarks, and reduces financial and safety risks to ensure you only work with the most reliable partners and vendors. Because preconstruction offers the biggest opportunity to de-risk a project.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Formula: Cash on Hand / (Operating Expenses – Depreciation) / 365 Days .

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Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Tracking key KPIs like safety, quality, employees, and performance gives construction companies a better opportunity to analyze their performance. Number of safety meetings/communications.

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Construction Business Owner Blogs

Construction Business Owner

Construction Safety. 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. MANAGEMENT |. ACCOUNTING |.

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Construction quality management: Everything you need to know

Lets Build

That gives your firm the fiscal strength and confidence to pitch positively for future work, without overruns or remediation eating into profit margins at this time of unexpectedly high inflation. If it’s a new situation, it may be necessary to devise workarounds to issues as diverse as legal risks, worker training, or cash flow concerns.