Risk is an inherent aspect of the construction business, and managing it effectively is what separates successful projects from projects that fail. As it is, the majority of projects teeter on the edge of reasonable profitability. With so little room for error, construction leaders can’t risk mistakes in labor-management, safety precautions or botched data collection reporting that negatively affects job costing and project timelines. Fortunately, technology can help.
According to WorkMax’s Live Field Data Usage report, most contractors can improve their risk management efforts by implementing a proper data management solution––a move that can directly improve their bottom line in the short and long term. With a construction landscape that is more competitive than ever, live field data is the key construction leaders have been searching for.