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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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What is preconstruction and why it’s important

Lets Build

Mitigates risk. The key to mitigating risk during construction projects is identifying potential bottlenecks before you begin work, something that’s almost impossible to do without preconstruction planning. Reducing risk and uncertainty from the beginning increases your project’s chance of success. That’s a resounding yes.

Schedule 143
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3 construction industry trends in 2023

Lets Build

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed These challenges will likely result in even smaller profit margins in the months to come. More to read: How technology can help you maintain your profit margins at residential projects 2.

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Construction quality management: Everything you need to know

Lets Build

From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. A game of risk. Risk assessments are never glamorous, but they’re essential throughout the lifespan of any project. Book a demo to find out more. Creating a plan.

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How to survive and overcome inflation and rising construction costs

Lets Build

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins. Communication needs to happen at every level.

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Content for Every Stage in the Client Lifecycle

Construction Marketing

Without prominent visibility in search engines, companies serving B2B audiences may not garner awareness for their products and services, which is often phase one of the process, and also run the risk of losing leads to competitors who are. Content Leads to Expert-based Referral. Now here’s a fun fact to keep in mind as well.

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Keep it Simple, Stupid

Viewpoint Construction Technology

In an industry as large and complex as construction, simplifying processes in any way possible can reap significant benefits for contractors in terms in of productivity, mitigated project risks and profitability. More needs to be done within construction organizations to explain the benefits of new technology, she said.

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