Welcome to the fourth edition of the Eque2 magazine, Reconstruct.
In this edition we focus on how you can regain control of cash flow throughout your business - something very important in times of increasing labour and material costs. We highlight some of the lessons that can be learnt from those who have fallen short in this area.
We examine the real cost to businesses who continue to make mistakes in relation to late- or non-payments - and take a look at the importance of settling subcontractor invoices in accordance with the strict rules of the Construction Act.
The climate of high staff turnover, coupled with the skills shortage means that it is essential to maintain good relations with existing subcontractors and employees alike. This helps to avoid any unnecessary expenses associated with recruitment, selection, and training - as well as minimising disruption to your ongoing projects.
Technology, of course, can be a great enabler of staff retention. We examine how construction companies are improving the working lives of their employees through the provision of IT plug-ins that help their existing systems to work more effectively - giving on- and off-site staff access to the information they need, when they need it, regardless of their location.
Having such a joined up approach to data is at the heart of managing successful construction projects. We consider the types of project data that modern construction software can help you to manage in order to deliver your projects to time and within budget.
Read on for tips on becoming adaptable in this new era.
Important lessons about cost planning in contracting companies
Discover where construction firms went wrong with their cost planning and how to avoid their mistakes.
Business continuity in contracting: Why technology is essential in the height of staff turnover
Discover how technology can help reduce staff turnover and boost employee retention rates.
The effect of subcontractor legislation: don't get caught out
Payment guidelines and subcontractor legislations have recently changed, find out how you can be fully compliant and avoid any risky situations.
Mitigating Non-payment in the Construction and Contracting Industry: the Effect of Payment Disputes
Accuracy and efficiency will help to reduce the amount of payment disputes occurring within the construction industry.
Modernising your construction business systems to improve profit and efficiency
Uncover how simple, cost-effective changes to your construction business systems can transform the efficiency of your company and its workers.
Avoid Project Debt by Using Accurate Data
Discover why controlling debt is crucial to construction companies and how accurate data can help you.
