Project management software is quickly becoming essential for many small builders who want to accelerate growth and reach their business goals. It is true for those who work on one job at a time and builders that manage multiple jobs simultaneously.
In this day and age, managing such things as your schedules, cash flow, variations, profit without software is not sustainable. And you’ll find it increasingly difficult to compete against those that are using technology to maximize the way they operate their business.
This article will show you how construction project management software can accelerate growth for your small business; whether you’re a contractor, small builder or remodeler
Construction software helps you win work
When pitching for new business, it’s incredibly important to get your quotes right. The best and most efficient way to deliver a top-notch quote that differentiates you from your competitors is by using estimating and project management software.
It will enable you to up the ante on your quotes’ accuracy, presentation and timeliness, ensuring that your business comes across as professional and competent, and this will give you a leg-up when pitching for new work against your competition. Moreover, it will also allow you to analyze previous quotes, fine-tune them, and use them as templates in the future. It means more accurate revenue, profit, cost and cash flow projections, and a better bottom line for you.
An all-encompassing, professional, and accurate quote will reduce the number of surprises (e.g., costly variations) for your clients later down the track, contributes to building a good reputation which in turn helps confirm your business value, instill trust and increase referrals.
It gives you back time and money
Do you spend your day onsite, arriving home late at night to reply to emails, put together quotes, sort out invoicing, and all the other admin that comes with running a business? Do you find that there aren’t enough hours in a day to get everything done?
Now is an excellent time to reflect on ‘how’ you work. There are fantastic opportunities to slash hours off your quoting and admin using proper estimating and project management software. It’s not a matter of ‘if’ but ‘when’ it becomes unmanageable to grow your business and have a balanced life by operating the traditional way.
Online software platforms such as Buildxact can help you to break this cycle, whether you’re building a new home, completing a renovation or working in a contractor.
You’ll efficiently manage all aspects of each job from quoting, scheduling, purchasing, and invoicing. Best of all, you’ll do a lot of this onsite and not have to wait until you get back to the office or be in front of your computer at home late at night.
Increasing efficiencies throughout each aspect of a job can save you between 50% to 80% in time, ensuring your jobs are delivered by their due date and on budget. And you’ll find that you’ll be able to take on more work and have a better control of your cash flow and profits.
It helps manage your people
Imagine if you could send automatic email and SMS messages to remind your subcontractors when work commences. With trade pushbacks and scheduling changes frequently occurring, you need a bird’s eye perspective of your projects and an efficient way to manage people.
Fortunately, construction project management software helps you with this, enabling you to easily communicate with your subcontractors and ensure that they adhere to the schedule. Forgetting to notify them of changes will be a thing of the past because everything will be automated.
Software platforms such as Buildxact integrate seamlessly with Deputy, for time keeping, and accounting programs such as Quickbooks and Xero to help streamline payments. So, while you stay on top of each job’s financial status, you still have everything you need in your cloud accounting software without the inefficient and error-prone double handling.
Technology is the only way forward if you want to grow your business
Technology adoption in the residential construction industry is rapidly increasing, and the benefits are evident across the board. As the industry becomes more competitive today, there will be winners and losers, and using the right technology will arm you for the future.
The builders and contractors that respond faster, have professional quotes, and can run multiple jobs profitably are at a clear advantage. As more small builders and contractors implement technology to quote and manage their jobs, those that don’t may quickly find themselves struggling.
Project management software will increase efficiencies across the board in your business, help you work smarter and not harder, and give you back time and money to concentrate on your company’s growth. Now is the time.
Buildxact has been developed specifically for small builders and contractors, and it is easy to learn and easy to get started. Check it out for yourself by creating a free 14-day trial or booking a one-on-one demo.