Top 5 ways contractors can leverage modern processes and tools to save construction costs

iFieldSmart Technology is working on next generation construction management solutions for enhanced productivity, proactive risk management & realistic data availability at fingertips!

Complex and fast-paced construction projects are challenging for contractors if they are still latched onto traditional processes and tools. With schedule overruns, budget overshoots, and paper-thin profit margins, contractors need advanced construction processes and tools. Reinforcing contracting services with new technologies can help contractors cut building costs, stay productive and achieve a sound net profit.

Contractors taking on various responsibilities including overseeing fabrication and installation face unavoidable challenges. Negligence in identifying ambiguities in the preconstruction stage leads to devastating construction failures. Inability to identify clashes, inefficient schedule workflows, inaccurate cost estimates, etc. can lead to rework, project delays, cost overshoots, material waste, and more.

The following blog focuses on new and advanced processes and tools for contractors or contracting companies to leverage costs-savings.

1. Enhance project planning through BIM reinforced with advanced construction management tools.

BIM has been the spearhead of modern construction for thousands of contractors on a global level. The existence of various dimensions reinforced by tangible software-driven technology helps contractors visualize project execution in three-dimensional geometry. Adopting BIM in the early design stages has helped contractors ease down on construction challenges through proactive clash detection, accurate scheduling, and sequencing, precise cost estimates, diminished material waste, etc.

The use of end-to-end construction management tools from iFieldSmart Technologies has assisted contractors with digital, yet holistic visualization of the entire project. Capabilities like construction coordination, storage for MEP drawings, proactive task management, RFI and submittal management, design automation, analytics, and other features drive project collaboration for smart BIM. Referencing BIM models create fewer errors, diminishes delays, and lower construction confusion. 

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