Tag: Bottom
-
New competence framework tackles ‘race to the bottom’ that led to Grenfell
A new framework defines the minimum competence requirements for those undertaking procurement activities in the industry. The purpose of the ‘Competence Framework for Procurement Professionals in the Built Environment in England‘ is to promote and uphold “the highest industry standards” across the lifecycle of a building and in the supply chain and prevent the poor…
-
How Job-Costing Helps Construction Companies Improve Their Bottom Line
Business ownership is hard. Grueling hours, financial risk, and constant unknowns are the life of most entrepreneurs. And for what? Most business owners are working harder and harder to grow their revenue, yet making meager profits, if any profit at all. Consider this. Would you rather run an $11 million business that generates $350,000 in…
-
Construction’s Hidden Profit Center: How Procurement Can Transform the Bottom Line
The construction industry is at a critical juncture, with increasing pressures to build faster, to meet sustainability goals while also improving profitability. Historically, construction has lagged far behind other industries in adopting technological innovations, and inefficient procurement processes have often led to cost overruns, project delays, and massive material waste. However, a shift toward modern…
-
Better Construction Equipment Management Improves the Bottom Line
On the AEC Business podcast, Aarni interviews Jason Perez, the co-founder and CEO of YARDZ, which provides software for tracking rental and owned equipment. Jason shares his experiences as a construction professional and what led him to found YARDZ with another construction industry veteran Josh Schuyler. The discussion topics include How to better management of…