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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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5 Tips To Make Your Construction Business More Profitable

cnstrctr

Construction is a cut-throat industry, and making your construction business more profitable can be a challenge. Making more money isn’t rocket science, by following our five tips you’ll be increasing your profits in no time! Understanding your competition is key to making your construction business more profitable.

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Purchasing Staffing Ratio: What Should It Be?

Pro Builder

How to figure out proper staffing in your purchasing department to balance costs and value with profitability. An understaffed purchasing department won’t have time to properly vet price increases, competitively bid and accurately contract trades, minimize change-order costs , or ensure your next project starts on the right foot.

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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

The financial value of green buildings is well documented, from commanding higher rents, greater occupancy rates, and increased occupant satisfaction, to lower operating costs for everything from reduced insurance premiums and less energy utilized, easily resulting in an increased return on investment of more than 9% over conventional building.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Yes, change orders are nearly inevitable. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. STRATEGY |.