52% of rework, in fact, is reportedly caused by poor project data and miscommunication. Fewer bodies mean more opportunity for mistakes to be made. īecause let’s face it: When it comes to construction management, particularly with regard to inventory, the old ways of pen and paper won’t cut it anymore, especially as labor shortages have become so prevalent. In short: Downtime, unaddressed, threatens your organization’s very survival.Īside from strategic planning that feeds into your team’s roadmap, the digital tools and technology you use to foster collaboration among clients, and break down silos between cross-functional teams, are essential.ĭigitizing inventory practices, considering the above-mentioned financial burdens, is of utmost importance, especially when we reflect for example that, from 2018-2019, subcontractor dependance on spreadsheets decreased a measly 1%, according to a JB Knowledge report. Construction downtime remains a serious problem that can lead to timeline interruptions, a lot of customer frustration, and, in many cases (upward of 9 out of 10 projects!), unsavory project overruns that negatively affect your bottom line and threaten your ability to bid for and win projects. These activities, in the moment, are aggravating, but they’re also exceedingly expensive, costing the US construction industry over $177 billion in labor costs in 2018 alone. In inventory management, we define “non-productive” activities as things like figuring out where a tool is when it’s not where it’s supposed to be, fixing duplicate entries, etc.-pretty much anything that consumes a contractor’s time that could be better used laying down a subfloor, putting in drywall, securing ductwork, installing an electrical panel, putting in plumbing, and so forth. Did you know that, on average, contractors spend 80 minutes a day waiting for materials to arrive ? Or that 45% of construction professionals report spending more time than expected on non-optimal activities, with 35% of their time reportedly spent on non-productive activities.
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