Research shows that despite a positive outlook and projected growth, the construction sector is looking for cost reduction, due to struggling with stagnating productivity and low profit margins. The critical challenge for construction companies is to increase productivity and work on cost reduction.
Projects are getting larger, riskier, and more complex, yet little progress on innovation and productivity has been made over the past decades. Furthermore, budgets for capital projects are under pressure, which limits the resources available for large construction projects. In such a market environment, cost reduction, delivering projects on time, on budget, more efficiently, and more reliably are today’s top priorities.
Other challenges are numerous :
- Raising costs of workers and materials
- Focus on working capital
- Lack of skilled personnel
- Environmental complexity
- Complex supply chain
- Demanding customers
- Lack of of culture of empowering people
In construction, each project is unique and not always predictable
We work with construction companies to develop tailor made solutions that will overcome these challenges. We mainly work on cost reduction and productivity improvement, navigating efficiency and effectiveness. We help our clients deliver projects on time and within budget using value-driven, end-to-end project management and lean construction principles.
During an EffCo project we help construction management to pro-actively manage on :
- Conflict handling between stakeholders
- Spreading Best working practices
- Industrialising repetitive tasks