How Can We Improve Construction Productivity & Profit?
The “new normal” brought by the novel coronavirus introduced many restrictions to the labour force, effectively reducing a company’s productivity. Construction companies need to increase their productivity to stay competitive and survive during the pandemic.
Construction companies need to invest in both time and resources to improve their productivity since there is no overnight fix to solve their issues. Productivity is defined as the total output per one unit of the total input, with the output being expressed in weight, length, or volume, while the input is usually shown in working hours.
Companies need to reskill their workforce, improve communications, get feedback from the workers, delegate tasks to capable people, improve safety, track time, and use technologies to increase productivity.
It’s important to reskill the company’s workforce since the construction industry is continuously changing with the introduction of modern tools and technologies. Companies can no longer practice old practices, and they’ll need to adapt to remain competitive, especially since competitors now use new technologies in their processes.
Poor communication channels within a company keep it from being productive, and many businesses suffer from this. Construction companies need to improve their communications to prevent costly mistakes when working on a project. It’s important to communicate with the crew members and the project suppliers any changes to the project’s deadlines and updates. The team can become more productive when the members know what’s going on regarding a project.
After establishing clear communication lines, it’s time to let the employees speak and gather their opinions since they’re the ones working on the project. They know what works and what doesn’t, and listening to them can help improve the project’s execution. Listening to them also builds trust with the workers.
There are other ways to improve a company’s productivity and profit detailed in this infographic by LiveCosts.