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  • Writer's pictureYvonne Root

5 Strategies Discerning Construction Subcontractors Use to Prosper – Part 4

Grasp Your Tech

In this fourth part of a five-part series concerning ways discerning construction subcontractors prosper, we delve into the part new technology plays. If you haven’t read the other sections, you can start here.

Coming of Age – Technology in Construction

It doesn’t take much digging or probing to see the technological options available within the construction industry. Things like:

  • 3D Laser Scanner

  • 3D Printing

  • AI

  • BIM

  • CRM

  • Drones

  • Geofencing

  • GPS

  • PPE

  • Robotics

  • Semi-automated and automated construction equipment

  • Virtual and Augmented Reality

  • Wearables

  • Tech stacks (apps and software)

So how do you determine which of these are worth your time and money? There is, after all, a risk of investment.

Risk of Investment Clarification

When determining which new technology will be best for your construction business and whether to take a risk on investment, you must ask questions. For example:

  • What are the goals or objectives?

  • Which is the most appropriate tech for the need?

  • How much money will be involved?

  • Will employees see the benefits compared to the “hassle?”

  • How long will it take to become fully implemented?

  • Will decision-making opportunities be enhanced?

  • Will there be an improved customer experience?

The most clarifying “risk of investment” question:

What value will I get from taking the risk when I weigh it against the value of not doing it?

Exploring the Tech World

So, how do you learn about which technology will best serve your construction business?

  • Read

  • Ask questions

  • Think about what isn’t working

  • Consider what is working but is sluggish

  • Assign the task of exploration to someone in the know

  • Listen to your trusted advisors

Typical tech solutions fall into these categories:

  • People administration

  • Project management tools

  • Mobile field solutions

  • Financial systems

Always be on the lookout for tech solutions that integrate with other tech you already use and will add to (not distract from) what is already working well for you.

To the Point

Make technology part of your business strategy.

Invest in training programs that equip employees with the skills necessary for successful development and adoption.

Look for technologies that optimize your operational processes, increase efficiency, boost productivity, and escalate your client’s or GC’s experience and satisfaction.

Reflection: What problems do you face with your daily operations? Is there a tech solution that could help? What first step will you take to learn more?

Ambitious Construction Contractors look to The Profit Constructors to provide advocacy in dealing with:

  • Clients and customers

  • Employees and subcontractors

  • Vendors and service providers

  • Governmental entities

Working with The Profit Constructors gives Construction Contractors the means to organize their operations in ways that help them:

  • Remain informed

  • Avoid hassles

  • Reduce risks

  • Be future-ready

Ready for action? Or want to know more? Get in touch today to schedule a complimentary discovery call. 866-629-7735


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