Challenges within the construction industry have intensified the pressure to recoup lost time and revenue.
But your fast recovery depends on knowing what’s happening on the ground. Without this information:
Sales can’t update customers effectively.
Commercial can’t plan with suppliers effectively.
Finance can’t plan cashflow accurately.
That means that most firms suffer from a disconnected flow of information between office and site. The pressure of higher interest rates, resilient inflation, weaker consumer confidence, increased supply chain costs, regulation, and an overall market slowdown, are impacting many of our construction clients.
Of construction projects go over budget and typically overrun by 20%
There are some signs materials price inflation has eased, with ONS data pointing to a 20% price decline for some key materials in 2023 including concrete, steel, and timber.
However, building costs rose 8.7% last year and have increased by 24% since 2020.
How do you monitor production and manage information currently?
Is it a manual paper-based system or a mix of spreadsheets and other digital tools?
Do your systems speak to each other or are they siloed with on-site issues invisible to the rest of the business?
Connected construction means that on-site production information is fed in real-time across sales, production, finance and more.
It allows you to avoid surprises and spot issues as they occur, so you can stop them magnifying into costly rework, delays and reputational damage.
This can make all the difference for increasing the bottom line, delivering on-time and adapting to changing circumstances.
Connected data; INCREASE BUSINESS CAPABILITIES
1.
our sites are running further behind? How will that affect how finance handle cashflow?
2.
our deliveries are delayed? Or resources are needed elsewhere? How can commercial teams organise suppliers directly?
3.
new customers and contracts are likely to be impacted by delays or other issues? How might sales manage the relationship?
4.
further lockdowns are required if the spread of the virus accelerates again? How can we adapt our workforce to cope?
5.
particular teams or suppliers are causing faults and rework? How can we identify it to stop it happening again?
6.
there are critical health and safety issues we’re not aware of? How will that impact production?
Free Report - Instant Download
