5 Ways You Can Save TIME and MONEY As A Construction Manager
The construction business can be quite exhausting. As a construction manager, you might be well aware of the potential predicaments regarding budgeting and cost effectiveness.
Construction, as you know, has myriads of factors determining the cost and completion time, but perhaps the most frustrating fact of the matter is that many of these lie outside of your control.
That is the reason construction managers continue to look for ways to cut down expenses to save money without essentially compromising quality.
Here are few pointers that can help save money in your construction business:
1. Buy Your Own Materials
If you do decide to hire a contractor and get on with it, negotiate a deal in which you buy the materials. More often than not, you’ll get them at lower costs than what your contractor is quoting you.
Some contractors may grumble, but chances are they’d rather have the work than not. It can also save you money because if you ever have a dispute with a contractor and they walk off the project or don’t show up, you might never see the project materials again.
The materials might legally be yours, but you’ll experience a big headache (and possibly incur legal costs) trying to get them back.
2. Indulge In Every Planning Stage
Construction managers should ideally partake in each and every planning stage of the project regardless of their areas of expertise. Contributing in planning not only ensures an airtight cost optimized plan, but also enhances your exposure to newer and untapped avenues.
3. Use Current Technologies
With the advent of 2019, technology is at it's peak and that only seems to be getting higher with every passing day. Leverage these new age technologies that give you a competitive edge over the conventional methods of construction. Drone footage is a great way to track and monitor progress of the project.
JasonDrone utilizes some of the most cutting-edge technology to produce monthly aerial reports. Drone still images can help you track your construction site and at the same time separate you from your competition. Click here to know more.
4. Constantly Monitor Key Data
If anything has had a major role in revolutionizing almost all the business structures in the past few years, it has to be DATA; simple pieces of information glued together in identifiable patterns have become the currency of today.
If the past few years are indicative of what's to come, it is safe to assume that data will continue to be a leading force. Make use of all the data you can get your hands on including, but not limited to materials, efficiency, productivity, equipment usage, worker timing, and statistics.
Closely monitoring these data sets will give you perspective on what parts of your project are eating away major chunks of time and resources,while not contributing significantly and potentially shelve them.
5. Consider Prefabricated & Modular Structures
If your project involves a fairly simple structure, using modular and prefabricated structures will objectively save you a lot of your time and money. You can often purchase a modular or prefabricated building for a fraction of the cost of purchasing all the materials and doing the work yourself.
They can cut the delivery time of a project by a third and/or only require you to hire a few laborers for what would normally be a huge job. Consequently, this would also lower the cost requirements.