Add that to an already insufficient production of softwood in the easy to see how we got to where we are now.
What’s more, the forecasted decrease in demand turned out to be shortsighted. The phenomenon of “do-it-yourself” projects took off while everyone was stuck at home, and so did single-family home prices, increasing by an average of $24,000 due almost solely to lumber shortages.
You Can’t Control the Industry, But You Can Control your Efficiency.
With all the factors at play – almost all of them beyond the control of a single construction company – how do you win?
You can’t control how many skilled workers are available for projects or predict the rising prices or shortages on materials, but by making crews more effective on the jobsite, you can control one of the single largest costs to your company: labor productivity.
Picture this: construction labor costs are 60% of a project. You’re already operating on razor-thin margins, so even a 3-5% savings in labor productivity can lead to huge returns across your projects.
Besides that, your jobsites most are likely behind when it comes to updating progress and sharing that information with your back offices.
If you can’t see what’s happening on your jobsites in real-time, don’t know your production goals for the day or aren’t even sure which workers are on what project for a given day, you’re already behind.
The Only Way is to Adapt, i.e. Digitize.
We’re at an inflection point for construction companies: adapt or get left behind.
If you’re still using paper and pencil to track your labor and production units across your projects, there’s a huge opportunity to digitize and realize cost savings in the tens of thousands, hundreds of thousands, or even millions of dollars across all your projects.
Here are just a few ways digitizing labor and production tracking across jobsites can lead to huge returns almost immediately (spoiler: STRUXI does it all):
- You’ll get back 3-5% in construction labor savings – easily – by digitizing time tracking and eliminating rounding errors
- You’ll give your jobsite supervisors back up to an hour per day of time in manual paperwork to focus on getting the project done
- You’ll cut down on back-office admin time by more than 50% by eliminating the need to enter in jobsite time data manually
- You’ll be able to more accurately track labor and production cost codes on a daily basis so you can deploy your workers on the jobs they’re needed on
When you don’t have the resources to work harder, work smarter.
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