Data ownership has primarily been a general contractors’ game. As a majority of software solutions on the market today are built specifically to address their needs, it’s no surprise that GCs are often the ones who typically own the project data.
Nevertheless, specialty contractors need to stay up to date with what’s going on in the field and document their own progress on the job. Though they can (and often do) create their own set of manual data, it’s not the most effective way to manage information on the jobsite. Working in silos can cause issues when teams try to communicate with one another, which can lead to costly delays. It is vital that there is a single source of accurate and timely data for all project teams to access.
The best way for specialty contractors to have more control over their data is to own it themselves through connected construction technology. Keeping accurate real-time data with technology that is accessible by the entire team allows specialty contractors to ensure everyone is on the same page and working from the same set of information.
To learn how specialty contractors can improve efficiency and productivity with data, we’ll be hosting a webinar on February 28, 11AM PT / 2PM ET called “How Specialty Contractors Leverage Data to Improve Project Outcomes.” In addition to learning the importance of data ownership and portability, you’ll hear from a panel of experts and learn how specialty contractors can leverage construction technology and control their own project success. Register now to save your seat!
While you’ll hear a first-hand account from experts in our webinar, let’s explore why it’s essential for specialty contractors to own their data on construction projects.
Leveraging Data to Protect Profitability and Mitigate Risk
Specialty contractors need consistent access to accurate project data. By documenting their actions, changes, and issues on the jobsite with connected construction technology, they can influence their own success.
Specialty contractors need to accurately document their work on the jobsite to ensure that they are adequately paid for their time and impact. Tracking data such as hours worked and staff on the jobsite during different phases of the project can help support payment justification. Specialty contractors with an easy-to-use data management software can run daily reports to share with GCs, owners or other interested parties to document their impact.
Another way specialty contractors can protect profitability with data is by documenting any vital information about issues on the jobsite and sharing this information with GCs. Recording this data helps specialty contractors make sure they are not held responsible for issues that are outside of their control while also providing support for payment of lost hours. Keeping these field notes up-to-date helps specialty contractors stay profitable by addressing any issues that affect their work early in the project timeline and documenting problems that can lead to liabilities after closeout.
Reducing Overall Risks
Having access to accurate and timely data can also help specialty contractors mitigate risks during the project and after closeout. Being able to go back and track project history is important, especially in the case of any discrepancies or questions regarding changes in the work.
By managing and tracking their own data, specialty contractors can work to diminish the risks involved with undocumented work or manual processes that may require proof for payment.
Data is also important when helping specialty contractors mitigate liabilities involved with maintenance and service contracts. Specialty contractors need to be able to show accurate and complete data documenting any change orders throughout the project lifecycle. Without the data to support these project changes, specialty contractors may be responsible for significant amounts of work or additional costs.
Using Data to Support Specialty Contractors
If specialty contractors want to improve long-term profitability and reduce risk, they need to ensure they can leverage their own data. For a more in-depth look at why and how specialty contractors can better use data to support and protect their business, register for our webinar.