What Would Real Time Data Mean to Your Business?

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Chapter 5

Clearly documenting the scope of a project, in a way that makes it actionable by everyone on the team, is the first step in mitigating rework.

When everyone performing the work has visibility of the project scope, your teams clearly understand project expectations and are able to work within those expectations.

Collecting process-verifying data throughout the project safeguards against rework claims by supplying the managing teams and the client with evidence of completed tasks. It also allows clients to quickly identify perceived discrepancies.

Real-time margin management

Most construction companies are managing profits based on margin. In an industry where the average profit is only 8 to 20 percent companies can quickly slide from profitable to non-profitable when data is poorly managed.

Unplanned trips to the job site, even when no work is accomplished, pull your teams away from current projects and increase transportation and payroll costs. Simply investigating a rework claim reduces profits.

When do you know if a project is profitable?

If it is not until the end of the project…it is too late.

Yet, many construction firms do not have the data they need to assess the profitability of a project until after the job is done.

How many times have you been surprised to learn that the job you thought was operating at a 20 percent margin finishes in the single digits?

Real-time data collection and automated process verification increases the profitability of your telecom construction projects by as much as 20 percent.

Do not wait until the end of the project to start the closeout package

Too many contractors think that waiting until the end of the project to start the closeout package is the only way to operate.

Instead of collecting and reviewing data as each task in the project is completed, teams wait until the end of the project and then begin locating and organizing all of the emails, receipts, photographs, and files that make up the closeout package.

Too often, this means that missing data is not discovered until after the project is complete; forcing costly trips back to the site to fill in data gaps.

Even worse, the client does not see the closeout package nor any of its contents until the project is “over,” which is a tremendous risk. At best, the client may request additional quality documentation, at worse; the client will require that a task be redone.

Now, the project that you thought was over, is taking time and resources away from current jobs and your profits are getting smaller and smaller.

Process verification, at each step of the project, prevents this from happening. Real-time closeout packages verify progress at every step; maximizing person-hours and client payment terms to ensure your business is profitable and your projects are completed to the highest quality standards.

For more information on how to implement process verification in your projects, contact Active Oversight. Our cloud-based software allows your teams to upload real-time proof to support task completion steps and automate every step of your closeout process.


Reduce Rework with Quality Management (Process Verification)

How Process Verification can create a dramatic increase in profits for your construction services firm
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