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Construction

Running a profitable construction firm is a difficult business.Faced with an unprecedented number of external pressures such as eroding profit margins, higher owner expectations,rapidly changing technology, and a dwindling workforce, only contractors who follow best practices will achieve a higher return on investment (ROI) and reduce their risk.

Complete integration of people, processes, and technology is an important first step in building best-of-class performance. The increasing sophistication and competition within the industry will force firms seeking improved performance and operational excellence to be early adopters of technological improvements. This early adoption will drive processes and produce the best results.

iQ4bis can leverage your data and drive better visibilty across projects and your business by providing insights and measures. For example these KPIs used by best-of-class contractors:

  1. Liquidity indicator
  2. Schedule variance indicator
  3. Work-in-process (WIP) reporting
    1. Margin variance indicator
    2. Project cash flow indicator
    3. Unapproved change-order indicator
  4. Committed cost indicator
  5. Backlog indicator
  6. Scorecard indicator