4 Major Pain Points in the Construction Industry

The construction industry is one of the busiest and most complex industries. Such a job requires constant multitasking, solid organization, and also good communication skills. It is challenging to get numerous projects done on time, align all actions among different teams, and keep obtaining clear visibility of the whole business. Currently, in our modern world, the construction industry is closely linked with technologies. With the help of technology, it is possible to simplify business processes like joint checks, daily field reports, contracts, budgets, etc. 

Let’s have a look at 4 major pain points of the construction industry today: 

The Importance of Equipment Control 

Massive inventory requires precise tracking and accounting. It is important to know which items have arrived, which are on the way, and what has been delivered. It can be overwhelming to monitor who is using equipment at the moment and when it will be returned back. The lack of equipment control may cause major losses of inventory items and negatively affect projects. 

Gain full visibility of your equipment. A cloud-based modern software will assist you with tracking your inventory by indicating current status and usage. The solution will bring you benefits such as easy booking, urgent alerts about needed repair services, reminders to return an item, and more. 

Productivity and Competition in the Market 

Productivity is an essential component of any construction business. Without it, projects start being delayed causing costly postponements and therefore the whole business is negatively impacted. Unproductivity can result in not being able to handle competition in the market, thus being behind and risk becoming bankrupt. 

With cloud-based software, you will be able to operate payroll, accounting, project management, inventory, and much more, on one platform. When your teams are empowered with united role-based software, based on their permissions & access, they see the same data, and in real-time. In this way, they can work more efficiently, subsequently, the productivity of your business will increase. Being equipped with modern software, you will have more competitive advantages than other businesses in the market. 

Complete Projects on Time and Within Budget 

While running a construction business, you have numerous projects and each of them should be completed on time and within a certain budget. To control many projects at once can be puzzling, that is why it requires strong project management and accounting in the organization. 

Empower your managers with innovative business intelligence tools. Being connected at one platform, they will be able to track all stages of the project, in-process or completed tasks, and also a general project’s profitability. With cloud technology, you will be able to decrease risks by immediately addressing urgent issues, efficiently monitor current projects, and also do smart forecasting of future ones. 

Collaboration and Cohesion

Communication and collaboration are the key factors of successful projects in the construction field. Henry Ford said: “If everyone is moving forward together, then success takes care of itself. At a large-scale project, there are lots of different teams, such as architects, builders, engineers, designers, managers, specialty contractors, and many others. It can be very difficult to cooperate altogether and align each team’s actions. 

Modern software is a powerful tool to enhance collaboration among your team members. Thanks to this solution, teams will be empowered with one united platform that helps them align all their actions by using to-do cards, special project alerts, and more. Also, teams will have access to the same information at the same time, subsequently, they will be able to meet deadlines successfully and address urgent issues quickly. 

Ujimatec can assist you to remove these pain points you have in your construction business. Our value-driven and intuitive software will empower finance, accounting, operations, and executive teams with user-friendly, transparent & collaborative tools to get work done efficiently and on time.

“Ujimatec is built for construction, by construction.” 

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