What Data Should Construction Companies Collect? Part 2
Over the years, data has become a vital part of how business is done, on and off the construction site. With so many people at work, machines in use, materials moving from place to place, and money involved, understanding trends and letting it guide your decisions is a tremendous advantage. And with the advent digital data capturing tools, like sensors, your company has an opportunity to get ahead of the competition. Our Bradenton construction lawyers watch the construction industry closely and can tell you that the most successful companies understand how to gather and use data.
In our two-part series on data collection for construction companies, we are examining what data companies should grab from the sea of information available to them. For more insight, visit part one of this series.
Details Around Delays
Delays are a seemingly inevitable part of construction projects. There are any number of factors that can take a project off its critical path. Rather than accept this, companies are starting to examine these factors more closely to see if there’s an established pattern and fix it. For example, change orders can hurt projects significantly, but the factors leading to the change order can be analyzed. Is it an issue in design? Or communication? Perhaps project plans are shifting ever so slightly in execution? Based on close analysis, a conclusion can be determined. Not only can this data save you money, it can help you avoid disputes. While our Bradenton contractor lawyers can help you if a dispute arises, prevention is always best course of action.
As we mentioned earlier, sensors are starting to be used more and more to evaluate a number of items, including the condition of equipment. It would be great to know that a bulldozer is wearing down and needs to serviced soon. This way, the machine can be examined ahead of time and a lengthy repair delay can be avoided. Sensors can also tell you where a piece of equipment is located. This can prevent theft and help analyze movement throughout a job site. The latter can help enhance workflow.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.