If you’re in the construction industry for some time, you might have probably heard the maxim “time is money,” and that phrase can’t resonate stronger than among concrete contractors. Since contractors bid on jobs competitively and with enthusiasm, profit margins, in general, tend to be very low. With this, general contractors and subcontractors alike look for other ways in which they can boost their revenue, which makes on-site and workplace productivity a major force to success.
Productivity in construction, against popular belief, is not defined by dollars as it is by its hours, which places efficiency at the top of the priority list in managing construction. If your team can complete particular job hours— maybe even days— ahead of what was previously projected, it translates to more money back when all is said and done. However, it is still vital not to compromise quality just for the sake of finishing ahead of the projected timeline.
Now, it brings us to the question: how can concrete contractors boost their profits and business outcomes in an industry where low-margin profits are the norm?
Read on below to learn more.