Stay on time and within budget through innovation and digitalisation
There are two main goals that every construction project needs to achieve to be successful - timely completion and staying within budget. However, this is rarely the case as construction companies globally go beyond the initial established project plan.
Changes to the scope of projects are common. The reasons are countless and the damage could be massive: increased liability, decreased profitability and damaged reputation standing at the forefront. While unexpected project changes will certainly set you back, any other internal hiccups can be equally destructive. Lack of proper communication between your teams and costly administrative errors can ruin a project as easily as a last-minute scope change.
Let's take a look at some of the common factors
Probably the biggest challenge when it comes to administration is the use of physical paperwork. This method heavily relies on each employee manually filling in the relevant documentation and ensuring it’s been delivered to the right people for processing.
This inevitably leads to such challenges as
- Issues with paper asset transfer and asset requisition forms
- Not knowing where assets are and who has them
- Wasting money on hiring assets that you already have but can’t find
- Buying duplicate tools and building up excess stock
- Non-compliance of people and tools
- Fines for missing deadlines
Construction companies should have a good understanding of what their inventory looks like and what stock they’ve got on the shelves. Poor inventory may lead to projects missing deadlines and going over budget. An out of stock inventory can cause unnecessary downtime while waiting for supplies to arrive. Or, they could end up buying more than necessary due to lack of visibility of what they own. Manual inventory processes makes the job extremely tedious, time consuming or sometimes completely impossible.
Poor administration and lack of visibility over compliance can also seriously impact the safety of your jobsites. Managing employees’ training qualifications and certifications, as well as inspection and maintenance regimes is crucial to ensure nothing is missed. Otherwise, it can lead to project overruns, a damaged reputation, fines, prosecution due to non-compliance and even jail time for duty holders.
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