New Home Construction Data: Helping You Design For Long-Term Profitability
Did you have a chance to check out Pain Points: Win or Learn by John McManus? He focused on 3 things that matter most for builders — today!
And, those 3 things are within every builder’s control (vs. those you can’t control such as weather, the economy, etc). Not just large builders, or public builders, or small mom-and-pop builders. All builders.
|FieldCollaborate: Moving Beyond Scheduling to Meaningful Data!|
The first was sales. The second is taking those sales to completions
That is, the construction cycle. You are able to evaluate how your construction process is delivering by reviewing specific information: cycle time and, in turn, profitability.
McManus suggests: work with greater velocity or… learn the pain.
Greater velocity can’t be measured in the abstract, however. Other factors — and they’re measurable, too — have to come into the equation or profitability is a one-time gain with a short life.
What are you doing to understand those other variables?
Do you know which vendors show up on time, or have the highest level of rework, consistently have safety issues, always fail field inspections? That information helps shape a long range vision of your construction cycle and helps deliver consistently better results.
We suggest FieldCollaborate — including the available web Portal for vendors and home buyers — will help. It’s not just about scheduling, any longer. You have to consider reporting on quality items, delivery times, subcontractor consistency, safety assessments and punch items. It all helps highlight factors impacting your construction cycle and allows you to be proactive about the next lot, phase and community — and design for long-term profitability.