Improve your business visibility withSage Construction and Real Estate solutions. What does it mean to be “job ready”?
What does “job ready” mean?You can’t afford to mess around withtools, equipment, work gear, or materials that aren’t upto the task.The same is true of the software and solutions youchoose to manage your projects and run your business.At Sage, our solutions ensure you are job ready to thinkboldly, act decisively, and run your business at highefficiency.
VisibilityConstruction projects can fail for manyreasons, including scope creep, poor riskmanagement, improper contract management, oran inexperienced project management team.Another contributing factor is poor visibility intoproject details. Projects have large volumes ofdata, from multiple sources, to wade through tokeep everything under control.You can’t afford to deal with situations andchallenges in a reactive manner. You needstrong visibility to ensure projects are deliveredon time, within budget, and to the expectations ofyour project stakeholders.
Business without blind spots Five types of visibility every construction firm should haveReporting Monitoring Analyzing Predicting Mobilizing 1 2 3 4 5
1 Construction-specific reporting should answer: What variances exist between project costs and the contract?Reporting How many safety issues have there been?See what happened already. What is your debt-to-equity ratio?High-performing How long does it take to collect receivables?construction firms cansynthesize largeamounts of data into: Snapshot reports. Summary reports. Financial statements.
1 Project and Field Reports These reports show project activity at a glance, including change orders, safety, labor, equipment, schedule s, and more. Financial StatementsReporting Bankers and bonding agents demand audited statements that measure the health of your company.See what happened already. Drill Downs To ensure information accuracy, it’s important to be able to drill down to the source data.
2 Real-time visibility should help you monitor: How productive your labor is.Monitoring What labor costs per hour.Learn what’s happening now. What your gross profit margin is. If any of your subcontractors have insurance that expires this week.Constructionexecutives must beable to filter throughdata to track major riskareas and act quickly.
2 Alerts These instant notifications are triggered when certain conditions are met and sent through email or text message. DashboardsMonitoring A strong project dashboard displays important project metrics on a single page.Learn what’s happening now. Key Performance Indicators KPIs help you know where your projects and company stand on a variety of issues.
3 Analyze business drivers to guide strategy. Do you know: What type of work is most profitable for your business?Analyzing What impact change orders are having onUnderstand why it happened. your projects? What subcontractors are performing at the highest level?Strong analytic How closely estimated costs resemblecapabilities help actual costs?executives assess thecompany’sperformance and planbusiness strategy.
3 Cross-Project Analytic Reports Knowing what’s happening across all your projects can help you think more strategically in the future. Spreadsheet AnalysisAnalyzing Using standard spreadsheets to crunch numbers and display data can be helpful in evaluating businessUnderstand why it happened. performance. Ad-Hoc Report Query The ability to create custom reports ensures you don’t have to wait around for overburdened IT folks to build reports for you.
Predicting future success4 starts with visibility into the business. You should know: What your projected margin is.Predicting What might happen if labor costs continue to run over by 10%.Know what might happen. Where the risk of cost overruns is greatest. If it is more profitable to buy or rent equipment.Spotting trends and Historical Data Miningforecasting costs are To evaluate future projects and buyouts, it’s essential to be able tocritical to ensure look at past performance and adjustproject profitability. based on shifting variables—such as material costs, labor costs, and interest rates.
Building business wherever5 you go keeps jobs moving. How quickly can you see if: Subcontractors on the job today are in compliance with lien waivers and insurance certificates?Mobilizing You are on track with estimated labor hours andAccess it from anywhere. costs for this job? You are starting work on a subcontractor’s change order that isn’t approved by the owner?Staying connected Mobile Datawith real-time data The ability to access key project information on mobile devices can helpgives you a your people make informedcompetitive edge. decisions—even while away from their desks.