The easiest way to gain a competitive edge is to reduce your expenses, especially labor. Labor is far and away the biggest expense in construction. If you need to make a certain amount or percentage of profit, cheaper labor allows you to submit a lower bid and still make the required profit margin.
You can also accomplish the same thing with cheaper equipment. Maybe you buy used equipment versus new, or maybe you can find the same quality level at a cheaper price from a different vendor. This also applies to materials and supplies, but if you are required to warranty your work, this may not be an avenue where you would not want to go “on the cheap”.
The second option to secure an edge is to be more productive than your competition.
Technology has enabled great improvements in productivity for construction contractors. Up until recently, most of the technical innovations have centered around mechanical tools and equipment which have enabled their users to build stuff faster, and in a lot of cases, better.
Today, mobile technology is providing that same kind of productivity edge.
According to CDW’s 2012 Small Business Mobility Report, “85% of construction mobile device users agree that mobile device use is critical to their job”
The Sage SMB Survey on Mobile Devices: Construction Industry came up with a very similar finding – 85% of decision makers believe mobile technology has a positive effect on their company’s productivity, including the ability to access company information from the job site.
For any business looking to automate and streamline its business processes, mobile time tracking software is one of the best places to start. Payroll is the largest corporate expense. Tracking and controlling time leads to immediate and tangible gains in productivity and cost reductions. A portable time clock increases operational control, reduces cost, and improves efficiency. If done right, a mobile time tracking system will save you much more money in the long run than it will cost you.
In your search for a mobile time clock system, try to find one that will run on a wide range of devices because your field employees will have varying preferences when it comes to mobile devices. According to Sage, smartphones are the most commonly used (83%), and 70% use laptops for remote business use.
"We make a living by what we get, we make a life by what we give"
Sir Winston Churchill