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Willmott Dixon vows to recover building safety millions

Construction Enquirer

The cost of complying with the Building Safety Act has blown a hole in the latest accounts from Willmott Dixon. And the contractor vowed to go after “designers, fire engineers, supply chain and insurers” to reclaim a “substantial portion” of the £62m it has set aside for building safety and cladding retrofits.

Safety 82
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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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Improve Your Business by Developing a Safety Culture

Construction Business Owner

The correlation between safety education and training and the production levels necessary to achieve profitability in construction is not difficult to understand. Performance leads to profits, and fewer accidents result in fewer expenses and insurance claims.'

Safety 294
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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. . FINANCIAL RATIOS: PROFITABILITY . Gross Profit Margin . Net Profit Margin

Safety 94
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10 Ways to Improve Construction Safety

Autodesk Construction Cloud

Safety is foundational to construction. Even with all the focus put on budgets, timelines, and processes, safety still comes first. After all, safety can affect all these aspects of a construction project, and more. 10 Winning Strategies to Enhance Construction Safety. 10 Winning Strategies to Enhance Construction Safety.

Safety 98
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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.