Cost overruns in construction projects are not uncommon. In fact, McKinsey Global Institute suggests that large projects can go up to 80% over the budget. This can seriously impact a project’s economics and lead to delivery problems. Lack of planning… Read More
Tag: construction business tips
How Construction Contractors Can Pull Through Labor Shortages and Material Cost Increases in Australia
The construction industry is under a lot of strain due to labour shortages and sharp price rises for building supplies. This is backed by a recent market sentiment study from Arcadis and the Australian Constructors Association. Over the past year,… Read More
Advantages of Employing Integrated Business Management System for Builder Companies in Australia
Construction is one of the most competitive industries and is subject to multiple dynamic market forces. The survival of construction firms and the success of individual construction projects depend immensely on proper planning, effective management, allocation of resources, and timely… Read More
Optimising Job Costing with Construction Management Software – Infographic
It is critical for business owners in the construction industry to know where they stand financially at any time during a project. They need this awareness to be able to assess and foresee the prospective profitability of the project and… Read More
Construction Business Pitfalls: The Extreme Danger from Disorganised Business Management – Infographic
All builders know how to build a house, it is in business management that many struggles. Yet the management side of the business is equally important as the onsite work to the success of the business. Construction is a process… Read More
Construction Business Tips: Ways to Achieve Streamlined Builder’s Workflow
It is a widely-known fact that when processes work well, they can significantly improve the efficiency and productivity of employees, which then ultimately leads to higher customer satisfaction. On the opposite, processes that don’t work can cause frustration, delays, and… Read More
Bizprac Online: The Web-Based Solution You Need for Your Construction Company (Infographic)
Many businesses resist changes because it’s safe and easy- including switching to cutting-edge technologies. However, is this for real? Does your business really find convenience and safety in using outdated technologies? According to the Baltimore Business Journal, businesses who stick… Read More
Top 5 Issues Affecting Today’s Construction Industry (Infographic)
Issues are ever-present in any industry, but it should not be treated as a threat, it may even serve as a room for improvement when a business is proactive and change-oriented. As the saying goes “problems do not stop signs,… Read More
Construction Business Tip: Get Your Employees Accountable for Everything They Order
Ordering and procurement are two of the most critical factors in the success of construction projects. They are pivotal throughout the entire project during both design and construction phases – and their successful execution relies heavily on the experience, market… Read More