Strategies for Builders in Challenging Times

In a year marked by 8,471 business collapses in the building and construction industry, understanding what separates the thriving builders from those who struggle is crucial.

How do some expand and strengthen their market position while others cease operations?

Decades of Insights from the Building Industry

With over 40 years of experience, we've gleaned critical lessons from hundreds of builders' successes and failures. Here's what stands out:

The Importance of a Robust System

Whether you choose Constructor or another software, ask yourself:

• Job Profitability. Do you know your margin on every job?
• Cash Flow. Are you aware of your current cash flow position?
• Exposure. How well are you tracking your Work In Progress?
• Documented. Are all job variations documented and approved?

Choosing the Right System: Beyond Accounting

It's essential to select a system tailored to the construction industry, rather than one recommended by your accountant, family member, or friend. These systems must go beyond mere accounting to address the unique challenges of construction management.

“Would a baker ask his accountant what oven should be used to bake bread? Construction is no different.”

Remember, a construction business requires more than just financial oversight. If your accounting software isn't providing daily updates on job statuses and budgets, it's time to look for a solution that's crafted with the specific needs of builders in mind.

Implementation: The Key to Success

Now for the challenging part.

Investing in a system is just the beginning. The real value lies in its implementation. We've witnessed numerous builders invest in robust systems, only to falter at the integration stage.

But those who succeed in implementing these systems effectively find themselves not just surviving, but thriving. They gain market share and evolve from working in their business to working on their business, strategizing for growth and efficiency.

“Constructor is the only way we could have stayed in Business for over 40 years. With over 110 awards Constructor has enabled us to keep working on building our business excellence without having to worry about paper cuts.”

Take the Leap with Confidence

Choosing and implementing the right system might seem daunting, but it's a leap worth taking. With the right tools and approach, you can transform your construction business, ensuring resilience and success even in uncertain times.

At Constructor, we specialize in providing software solutions that are designed by builders, for builders. Constructor, our flagship product, offers a comprehensive suite of tools tailored to meet the unique demands of the construction industry.

We invite you to discover how Constructor can revolutionize your business operations. Contact us for a demo, or visit our website for more information on how we can help you build a stronger, more resilient construction business.

In these uncertain times, being equipped with the right tools isn't just an advantage—it's a necessity. Let's build a future where your business doesn't just survive, but flourishes.