Introduction
The construction industry is continuously evolving, driven by new challenges and the integration of advanced technologies. According to the recent Procore "How We Build Now" report, several key areas affect the efficiency and cost-effectiveness of construction projects. BuilderComs, a streamlined construction management platform, directly addresses these challenges, offering innovative solutions that enhance communication, reduce waste, and optimize project management. Get the full report here https://www.procore.com/ebooks/how-we-build-now-report
Addressing Key Challenges
Wasted Time on Miscommunication (38%)
Poor communication is a key factor in project delays and mistakes. BuilderComs' centralized communication platform helps construction companies minimize this issue by ensuring all stakeholders are aligned, which could reduce the 38% of wasted project time attributed to miscommunication.
Rework Due to Inefficiencies (28%)
Rework caused by poor data and miscommunication costs construction companies a significant portion of their budget. By providing real-time updates and an organized repository for project specs, BuilderComs helps reduce rework, which currently accounts for 28% of project costs.
Time Lost Searching for Information (18%)
On average, construction professionals spend 18% of their project time searching for information. BuilderComs eliminates this waste by centralizing all project documents and communications, improving productivity and keeping the team focused on high-priority tasks.
Project Delays (30%)
Delays are a common pain point in construction, with 30% of projects falling behind schedule. BuilderComs’ project tracking and real-time updates allow managers to quickly identify and address issues, reducing delays and keeping projects on track.
Inconsistent Document Management (75%)
A staggering 75% of contractors use outdated or manual processes for document management, which increases the risk of errors. BuilderComs streamlines this by digitizing and organizing all project documents in one place, ensuring they are accessible and up to date.
Cash Flow Problems (67%)
Cash flow issues impact 67% of contractors, mainly due to delayed payments and inefficient invoicing processes. BuilderComs can help mitigate this by providing an organized system for tracking payments, sending reminders, and ensuring contractors get paid on time.
Manual Processes Leading to Errors (55%)
According to the report, 55% of construction professionals still rely on manual processes, leading to avoidable errors and inefficiencies. BuilderComs automates many of these tasks, such as document management and communication, reducing the potential for human error.
Workforce Shortages and Training Gaps (33%)
BuilderComs has the potential to help bridge the workforce training gap, as 33% of companies report difficulties in managing and onboarding labor. By streamlining communication and document sharing, BuilderComs improves how companies manage and train subcontractors.
Lack of Data Utilization (20%)
Only 20% of construction companies are effectively using data to improve project performance. BuilderComs integrates data tracking and reporting, allowing companies to leverage insights and trends for better decision-making and future planning.
Sustainability and Compliance (Growing Concern)
As sustainability becomes a larger focus in construction, BuilderComs helps track project compliance with green standards and sustainability goals, making it easier for firms to meet regulatory requirements and industry expectations.
Conclusion
BuilderComs is not just a tool but a comprehensive solution that tackles prevalent industry challenges highlighted in the Procore "How We Build Now" report. By integrating this BuilderComs, construction companies can expect enhanced efficiency, reduced costs, and improved project outcomes, paving the way for a more sustainable and profitable future.
Get the full report here https://www.procore.com/ebooks/how-we-build-now-report
Procore: Newest Report "How We Build Now". Our Look at How BuilderComs is Addressing Top Industry Challenges as Highlighted in the Report
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