Construction Magazine March 2018 | Page 26

CONSTRUCTION 4.0

transparency and data security , allowing you to meet the regulatory compliance standards with ease . deviate too much from what was offered , avoiding any unwanted and unanticipated expenditure .
Planning and analysis In construction , it ’ s crucial that you know which raw materials are required and exactly how much manpower is needed . Using a good ERP solution will make it significantly easier to utilise your resources in the most efficient way .
Construction ERP software allows you to simply figure out how much of your budget you will need for collateral expenditure , and helps you stay clear of any contractual complications for the duration of your project .
Cost control Any construction project , no matter what size , will require a host of costs to be considered , with large projects becoming very complex . Every time a construction company bids on a project , they need to provide cost estimations , which can often be wide of the mark .
Having the correct ERP software helps to provide an accurate estimation to a client , safe in the knowledge the actual cost won ’ t
Increased productivity With all the data in the same location , productivity levels can soar thanks to ERP . Improved analytics can help you create automatic order forms to manage stock control as well as reports to analyse your results and efficiency . The analytical side of the service provides you with the ability to create automatic order forms which will aid you in stock control .
With the correct ERP software in operation , your construction business can become more efficient in communication which , in turn , could reduce data duplication . It would also equip contractors with the most powerful tools for their job , offering a host of features that are specifically designed for construction management , such as bid management , accounting , profitability tracking and payroll tools .
Effective communication Projects can span several years and a breakdown in communication can be extremely
26 March 2018