The construction industry is the lifeblood of the economy but, to contend with the current challenges it faces, a digital revolution is necessary.
As technology evolves, so must our approach to managing projects, budgets, and workforce efficiency to improve profitability
Special attention should be paid to the barriers that many construction companies are facing, like:
- Labour Shortages: Canada could face a shortage of more than 60,000 workers in the next decade. This gap is driving up costs and extending project timelines.
- Data Management: Significant working hours are wasted wrangling project data, and a staggering amount of firms still manually transfer data, leading to inefficiencies.
- Rising Costs: Erratic materials costs, labour shortages and higher labour rates, new levies and codes increasing compliance costs and interest rat pressure all contribute to the unfettered rise of costs.
- Overbudget Projects: More than half of projects exceed budget and schedule, highlighting the need for better planning and resource management.
Join us on Tuesday, 17 September 2024, for a 30-minute webinar that will explore the digital transformation journey and how advanced tools and methodologies can revolutionize your construction business.
See how Acumatica Construction Edition empowers construction companies with integrated project management, real-time data, mobile access, and cost control tools to streamline operations, enhance collaboration, and improve overall project efficiency.