Twelve Tips for Effectively Running a Construction Management Business

1. Establish Clear Project Specifications

Outline parameters including company, objectives, budgets, scope, time, reporting, materials, employees, and deadlines.

2. Create a Strong and Engaged Team

Align workers’ skills with appropriate placement and make sure they understand their roles and responsibilities. Help workers see how their contribution affects the end goal. Your team’s dedication and efforts will make the difference between a project that is a failure or a success. Put milestones and deadlines on a calendar and schedule regular meetings. Deal with issues as they come; don’t brush them off for later. Celebrate achievements and reward team members.

3. Break Down Complex Problems

Whatever the issue, make it more comfortable to deal with by breaking it down into measurable and manageable pieces that can be assigned to different team members.

4. Invest in a Construction Project Management Software (CPM)

Monday.com, Knowify, Corecon, CoConstruct, and Wrike are all excellent examples of CPMs. They can help you:

• Choose objectives and plan accordingly
• Maximize efficiency
• Automate administrative tasks
• Simplify estimates and billing
• Schedule jobs
• Manage workload assignments

5. Keep Track of Bids and Actual Work

Keep track not only of what you do, but also of the jobs you initially bid for and did not end up doing.

6. Establish Key Performance Indicators (KPIs)

Your KPIs will help you see where you are on a project compared to where you need to be, and will help you know where improvements are required from you or other team members.

7. Keep Communication Open

The construction manager must constantly communicate with workers, executives, clients, and prospects. Active and frequent communication helps the business run more smoothly, and everyone will know what is going on.

8. Stay on Schedule

You can do this by using your project management software, delegating tasks, allocating resources appropriately, and improving efficiency and productivity on site. If you need to keep up with the demand or get ahead, have your workers start early and leave later than expected.

9. Stay Alert

Be aware and alert with your team and with the resources you have available.

10. Document All Activity and Use Daily Reports

This practice will ensure that in case of overtime or when the work lasts longer than expected, your workers are still getting paid their fair share. You will also have this information at your fingertips for reference if anyone has a question. Daily reports, which should include cost to complete, percent of efficiency, hours lost, and timecards, will help you keep everything organized and should be a part of your project management folder.

11. Market Your Company

Marketing your company takes straightforward steps:

• Sponsor seminars in your area
• Write articles
• Redesign your website
• Frequently stay in touch with prospects and clients

12. Maintain an Up-to-Date Strategic Business Plan

Your business plan should include:

• Five-year vision
• Company mission
• Core values
• Defined goals
• Action plan for improvement
• Well-defined business strategy
• Strategic planning sessions

These tips and strategies won’t guarantee you won’t make any mistakes; you can’t stop every problem from arising, and every business has its difficulties. But if you follow them, they can prepare you to face anything that comes your way with confidence.

Michael DeSafey is a leading executive recruiter for professionals in the construction, engineering and environmental industries. He is currently the President of Webuild Staffing www.webuildstaffing.com  . To learn more about Michael or to follow his blog please visit www.michaeldesafey.com