Learn how contractors can save money on construction jobs big and small.

Planning for construction costs can mean the difference between making a decent profit and barely breaking even. When you’re dealing with jobs that are in the six, seven, and even eight figure budgets, project management can become very complex with many variables to account for. Using integrated construction software can make it easy to stay above the green line throughout the project lifecycle. As industry costs and fees increase, these tips can help you get some relief from draining the project account.

1. Design effectively

Working with an architect that designs cost-effectively from the start is a good sign. Changes made during the design process are less costly to implement than those made during construction. Researching affordable building materials ahead of time in tandem with the architect can help cut costs prior to groundbreaking.

2. Comparison shop

Saving on small costs here and there can make a difference in the long run. Take the time to shop around for the best prices on materials and equipment. While you may have solid relationships with legacy suppliers, it’s smart to check market and competitor prices regularly. If another outfitter can provide a better deal, see if your go-to company can meet or beat it.

3. Invest in quality tools upfront

Cheaply made tools can waste time and money. Putting money toward something once that will last is a much smarter decision than purchasing the same poor tools over and over.

4. Inventory your assets

Take the time to create an inventory list of all the tools and equipment on the jobsite. As employees sign them out and in at the end of each use you’ll cut down on loss, theft, and disorganization. With Viewpoint, creating an master inventory list that is able to be updated in real time makes it easy to stay abreast of equipment and tools.

5. Reduce wasted materials

Ordering the right amount of materials at the right time is key for cost savings. You’ll eliminate material loss and labor waste by ensuring subcontractors are scheduled at the right time and the respective materials are where they need to be.

6. Schedule smart

Schedule your work crew efficiently from day one. No one wants too little workers on site, or too many at a time. You can avoid paying employees to stand around and wait by watching the job progress, following the weather, assessing individual worker speed, accounting for delays, and more.

7. Invest in technology

From the small (such as electronic payment systems) to the large (like Viewpoint Enterprise Cloud software), technology investments can save in the long run, both for accuracy and profitability.

Staying on top of expenses with up-to-the-minute reports won’t leave any surprises. Knowing where your expenses stand helps you keep track of money in and out throughout the job.

Finding the right integrated construction software for your company can help jobs of any size be more profitable. Learn which Viewpoint product is right for you by contacting us directly or connecting via Facebook or Twitter.

Posted by Greg Fry

Greg Fry has been with Viewpoint for six years and currently leads their Demand Generation Marketing Team.

  • Kirti Srivastava

    5 Sure-Shot Ways to Save Money on Construction

    Shifting from a rented apartment to our own home is one of the biggest happy moments of our lives. We all work hard to save money and invest our hard-earned money in building the perfect home we and our family deserve. Building our own home is one of the biggest investments of our lives and it’s always better to devise a blueprint of our requirements within a planned affordable budget.
    The adequate quality of TMT bars are an important requisite for constructing home. It is always advised to buy earthquake resistance TMT Bars from a trusted TMT bar manufacturers and suppliers to minimize the damage from unforeseen natural calamities. Before picking the right type of TMT steel bars, look at the following points that may help you get the best bang for your buck.

    1. Vision of the Way You Want Your Home to Look
    Before going for building a new home, you have to form a vision of the way you want your home to be. This will help you properly channelize your needs, requirements and demands. It is best to discuss with your family members and share opinions. You can visualize a better picture of your home provided you have an idea how your family members envision the home. This can make things far better for your builder. Once your builder is clear with your concept, you can sit back, relax and watch your home take shape the way you want it to be.

    2. Choose the Right Builder
    Choosing the right builder is an important as choosing the right design for your home. Where a professional and experienced builder will give you the right value of your buck on the other hand, an inexperienced builder may fall short of fulfilling the promises on the decided budget. Moreover, good builders also help you make the wide decisions on minimizing expenses while choosing the building materials.

    3. Look for the Right Home Loan
    Chances of saving money are rife only if you choose the right home loan. Finding the right home loan converts brings you good rates and utmost satisfaction with it.

    4. Relying on Contractors is not always a Good Idea
    Out of the above mentioned ways to save money on construction, this tops the list. It is better to not have blind faith on your builder. One of the major goof-ups that builders may do to you is source building materials like door knobs, cabinets, window panes at a higher price while you can get them at a comparatively lower price. Ensure to do some online/offline research about these essentials and grab yourself the best deal.

    5.Pick the Right Construction Material
    Saving money on construction material gives you assurance of durability and longevity. The new generation TMT Bars gives you an edge over the standard steel bars. Their durability and flexibility ensure resistance and strength for your home. Make sure to choose the best quality TMT Bars from a reputed TMT Bar manufactures and suppliers in India.

    Source: http://www.arsgroup.in