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July 1, 2022

Why Low Tech Operations are Hurting the Construction Industry

Low tech construction is still functional in today’s market but we all know that the days of analog processes and the contractors that stick to them are numbered. If we want to thrive in the future construction industry we need to now take the steps to digitize our processes and teams and drive productivity and transparency to new heights.

This episode features Craig Hurst, Director of Client Success at The Net Effect. Craig is going to explain technology’s role in construction today and how it will impact construction’s future. We also discuss how Canada is making sure that their businesses are up to speed, why paperwork kills new employee prospects and how to eliminate unnecessary processes and increase productivity through technology.

Key Takeaways

  1. Technology isn’t required yet but when it is it will be too late. Technology drives productivity and client relationships to new impressive heights today. As clients continue to get comfortable and expect the level of service and clarity that they can get from a technology and data driven contractor, the more they will refuse to do business with anyone else. When we reach saturation with digital contractors it will be to late to switch and contractors that didn’t adapt earlier will be out of work.
  2. You need to understand your labor, equipment and material expenses to get the greatest ROI on your tech. There needs to be a clear understanding of what your goals are and what your spending money on before you start digitizing to make sure that you are getting the greatest ROI on your technology investments.
  3. Don’t get sucked in by the shiny penny purchase, make a plan instead. The shiny penny purchase is when you have a problem, you google it and find a few software options to solve it and take the one that looks the best and offers that 30 day trial. The program looks like it will solve all of your problems so you jump in. Guess what? It either doesn’t do exactly what you thought it was going to do, or it’s going to take more to implement it than you thought. Instead of getting sucked in make a full plan for what you are looking for and make an informed decision on how you are going to go about it.