Companies and sectors that embraced innovation from the outset showcased the benefits of embracing cutting-edge technologies and systems.
In today's fiercely competitive contracting industry, profit margins are consistently slim. Any project's success can be jeopardized from the start if it is built on an unstable foundation of inadequate preparation and execution. Therefore, for those new to contracting, it is imperative to understand how successful contractors generate profits long before construction begins. With this in mind, we present valuable insights on transforming preconstruction investments into a powerful advantage.
· Take the Time to Align on the Project's Soft Goals
It's a useful and insightful reminder that building projects, regardless of their nature and scope, ultimately serve the diverse and ever-evolving needs of humanity. The preconstruction phase, which is undeniably pivotal and holds immense significance, provides a remarkable opportunity to meticulously delve into and unravel these multifaceted human needs. Taking the time and effort to thoroughly understand and comprehend these intricacies can undoubtedly make a world of difference and potentially be the defining factor between triumphantly securing and regrettably losing the desired project.
· Use the Proper Tools When Estimating a Project
Digital take-off and construction estimating has become an essential tool for contractors in today's competitive industry. With slim profit margins, even slight miscalculations can cause major setbacks. The outdated approach of manual takeoffs or spreadsheet estimation is simply too time-consuming to keep up with the pace of the competition.
· Collaborate as much as possible
Mistakes or blunders may not become clear for months, but when they do, they are painful. Fortunately, there are some fantastic tools available to assist builders in avoiding mistakes. In terms of clash detection or constructability review, BIM has proven groundbreaking. The use of 3D models has greatly simplified the identification of possible concerns during constructability assessments. It also makes collaborating with upstream and downstream partners much easier by centralizing collaboration tracking.
· The Original Inquiry - Go Digital
So, how do savvy builders or contractors make money before breaking ground? The simple answer is, "by embracing digitization.