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How technology can help you maintain your profit margins at residential projects

Lets Build

Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.

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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. Because preconstruction offers the biggest opportunity to de-risk a project. When the process isn’t carried out efficiently, bid management takes longer and causes more stress than necessary.

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8 Benefits of Using Web-Based Software in Construction

Viewpoint Construction Technology

Large or small, construction jobs can be made easier with the right support system, especially when it comes to management software. Clear communication and transparent project management between contractors, teams, and management make for a smooth workflow and better bottom lines for all involved. Consistent estimating.

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5 Reasons to Use Mechanical Contractor Software

Pro Builder

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. 2) Time & Productivity Management. 5) Material Planning & Document Management. The same is true for mechanical contractors.

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Stop the Finger Pointing: Avoid Mishaps With BI

Viewpoint Construction Technology

Only 25 percent of construction projects are finished within 10 percent of their original deadlines, and 35 percent of costs in the construction industry can be attributed to material waste and rework. Delays and change orders are pretty standard, but that doesn’t make them any less stressful for those involved in a project.

Software 177