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The Unseen Cost of Your Construction Process Problem
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No one in the construction industry is sitting around on their hands. And if being busy equals success, then every contractor would be a millionaire. We invited Jeffrey Nesbitt, the director of consulting services at CLA, to come on the show and talk about productivity and the costs of not buttoning up your processes and procedures.
In today’s episode of the Mobile Workforce Podcast, learn how to take a new look at your processes and determine what needs to change. Jeffrey gives contractors actionable ideas on how to implement new processes and how they can make sure that the new habits stick for the long term.
Key Takeaways:
- Your problem is costing you something. Inefficiencies in business are unavoidable and some are easier to ignore than others. But don’t assume because it’s out of mind, that it isn’t costing your bottom line.
- Profit fade is a great indicator of issues that need to be fixed. Profit fade is the gradual loss of profit over the course of a project. Contractors should identify sources of trouble –– and address them –– to keep their profit levels steady.
- Assign a point person ownership over new process implementations. Before launching a new construction process – whether it’s a technology solution or a time tracking requirement – put one person in charge of owning the implementation to ensure the rest of your team does their part.