Companies are increasingly investing in an industrialized construction strategy and adapting their business processes to improve project delivery performance.
In an industry with low project margins, a high level of unpredictability, and fierce competition (both domestic and international), it does not take much to turn a profitable project into a loss-making project, putting the whole business at risk.
Many construction and engineering companies are so focused on winning projects that they overlook the importance of managing plant and equipment cost-effectively.
Tracking certain KPIs (Key Performance Indicators) is a proven way for businesses in any sector to ascertain performance targets, while encouraging the creation of key business objectives to help realize these goals.
The vast majority of large-scale construction projects erected worldwide simply wouldn’t be possible without the combined work of several different subcontractors.