10 Ways to Boost Profits and Efficiency with the Latest Construction Technology

10 Ways to Boost Profits and Efficiency with the Latest Construction Technology

Construction technology is rapidly changing how people are building these days. However, there’s still a large number of construction trade contractors that go about things the same way they’ve been doing it for the past two decades. 

This is why operational efficiency and labor productivity have only moved a small step forward when it comes to the implementation of new, advanced tech, like mobile devices.

While adopting new and advanced technologies may need you to cough up a significant amount of cash upfront, many of them can actually end up saving you a lot of time and, of course, money, while also helping increase the number of new business opportunities coming in. 

Here are 10 ways this technology can help you boost efficiency and profit

1. Effective Communication

Miscommunication is very dangerous and it’s one of the key things that can cause projects and companies to fail. So, the communication technology, structure and systems used are vital if you want to ensure success. 

Construction trade contractors that have comprehensive stakeholder-driven communications systems for how operations and building protocols will be conducted will help make sure every member clearly understands their responsibilities and roles.

That, as well as how they can be changed to ensure the success of a project. 

2. Job Costing And Cost Savings

Job costing in construction enables contractors to track their overall expenses in the construction projects ahead and breaks them down into smaller bits in specific areas.

This can help subcontractors view their expenses at both micro and macro levels. Job costing will help your firm determine which crews, tasks, and projects are in the red or are profitable. 

With this level of data, project managers using eSUB tech can make the necessary adjustments to leverage what they already have into a sustainable growth plan and ensure project profitability.

3. Gamification And Employee Awards

Rewarding employees using gamification techniques is another way you can increase productivity and efficiency. However, it also helps build morale and get workers to want to collaborate in teams.

Both team and individual awards can be designed with performance milestones, scores, quality and goals in mind.

Awards can be announced and given out throughout the entire project. These competitions and games are often friendly in nature, however, they can sometimes help bring out the best in someone.

4. Regular Check-Ins And Daily Reports

Many contractors and managers still rely on paper and manual processes to come up with daily reports, which is often pretty time-consuming. 

Often, because of this, crucial tasks end up becoming weekly reports to management. Having to wait longer for such updates will eventually translate into operational delays.

With better technology, you can avoid all of this. Imagine taking only 30 minutes to do something that used to take you 3-hours using the other more traditional processes. 

5. Mobile Technology Adoption

The 2018 Contech report by JBKnowledge mentioned that a lot of subcontractors and managers are rolling out mobile smartphones and tablets on their job sites.

These are wonderful tools for those looking to increase operational efficiency, especially if they’re integrated with a document control platform and a cloud-based project management system. 

Centralized databases are crucial for anti-data silo policies. This platform is like an individual database where all information can be found, which will, in turn, help make things move faster.

The efficient communication brought forth by mobile devices will make sure that all the stakeholders involved in a project can connect effectively. 

6. Cloud-Based Software Platforms

Mobile construction software that’s been connected to the cloud can provide better functionality, automated workflows and several advanced features that can put profits and operational efficiency into hyperdrive.

Such fully integrated systems help with ROI dashboards, sip trunks, purchase orders, submittals, daily reports and so much more.

Contractors and managers now have this relatively cheap tech that’s designed specifically for them and frees them from having to use a generalized contractor system. 

7. Revealing Actionable Insights Using AI And Data Analysis

Data provides a huge opportunity for one to make better, well-informed decisions that can help boost both the safety and efficiency of a construction project. A contractor in

Boston has partnered with Smartvid.io to develop an algorithm that can analyze job site photos for safety hazards, for example, when workers aren’t wearing their protective gear.

8. Using Augmented Reality To Boost Efficiency And Safety

Mixed, augmented and virtual reality can help make it a lot easier for construction workers and teams to visualize the project ahead which, in turn, will help better prepare them.

Effective construction managers and contractors use 3D modulations to help them map out entire projects before they start building. It allows them to identify problems before they arise. 

9. Cutting-Edge Construction Technology Helps With Turnaround Time

Giving your workforce a helping hand is a very good way to optimize them. This will allow them to spend some of their time concentrating on other tasks. You can do this by using 3D printing, robots, and drones.

Drones can be used to inspect projects, secure job sites, conduct land surveys and keep one closely connected to a certain project even when they’re far away. 

10. Mapping Out Of Entire Projects

There several software features and tools available to contractors and project managers that didn’t exist a decade ago, or even just last year for that matter. Anyway, one of these new software tools is Building Information Modeling, also known as BIM. 

This software helps to create whole projects ahead of time and maps out everything from the tiny details to the major general structure. It can help you identify problems before they happen, which will eventually help make you more efficient. 

Next Steps

Using new and advanced construction technology is sure to give you that competitive edge you’re looking for. Some of these technologies can help take you to a whole new level, allowing you to operate at optimal levels with high levels of performance and efficiency.

Don’t get left behind. Start introducing technology to your construction sites now. Check out our blog for more information on how to upgrade your business.  

Comments are closed.