The overall construction industry in the US makes up for over 4% of the GDP. With construction expenditures of over 1,231 billion dollars, the US construction sector is one of the most profitable in the world – even despite a period of recession during the 2000s. With residential projects leading to accelerated progress, the growth potential for new players and companies running private building projects is attractive – there’s an almost 900 billion dollar market across the states. However, the competition is high, and businesses need to develop effective partnership throughout the industry to survive. Small and medium companies lack the span that appeals to machinery manufacturers, cement manufacturers, and state government institutions. But they can grow their local influence through unexpected partners that are better suited to their activities.
The indispensable IT helper
With 50% of all construction projects slipping by 20% to 30%, it is essential for small companies to address their productivity strategies and target wastage. Technology provides an essential add-on during the planning stages, enabling constructors to run accurate and useful estimation processes for rapid quote delivery. Additionally, with a market in constant changes, using smart tools to analyze data and identify opportunities for growth and increased productivity can be a life-saver.
A fleet you can rely on
On a residential construction site, material delivery is often left to the supplier, which can lead to inaccurate timing, delays, damaged items and a lot of pressure for builders. A building company that can use its own fleet of commercial vehicles to organize deliveries, pick up, and transport can offer additional safety and improved time management to clients. The secret to managing your fleet is to rely on professionals all the way: From professional drivers to professional maintenance products – such as PEAKHD line of products for commercial engines. The addition of a company fleet can shave off up to 25% of all construction delays.
A sustainable architecture expert
Green buildings are not only a trend for commercial construction projects. They have become the go-to choice for residential projects too. Working closely with a sustainable architect who can help to develop harmonious and environmentally-friendly insulation, low carbon imprint structure, and overall renewable energy solutions can give you a competitive edge. New homeowners are looking at ways to build the perfect green home, while others need a cost- and time-effective solution to bring sustainability to an existing building. A partnership with a dedicated architect can help to improve residential projects and encourage homeowners to embrace green buildings.
An augmented reality app designer
What is augmented reality about? For a homeowner looking into extensive renovation works, the augmented reality app can help to visualize what the finished product will look like. It can also be used to display different construction solution and help clients select what suits them best. For new builds, the augmented reality is the ideal companion to present evolution in the construction process and invite new teams to help on the project.
Residential construction is a tough market: Clients can get emotional about unexpected issues. Finding partners that help you to deliver better and quicker results while respecting the budget is a game-changer in this competitive industry.