Staying Competitive in the Construction Industry Part 1
With a looming recession on the horizon, it is as important as ever that contractors win bids, cut costs, think outside the box, and utilize the latest in construction technology. In this two-part series, a Wichita construction attorney will be discussing how construction companies can get an edge on the competition.
At Cotney Attorneys & Consultants, we understand that staying ahead of the curve in this industry requires a level of legal expertise that is outside the realm of most contractors. For the edge you need in the legal realm, partner with an experienced Wichita construction lawyer at Cotney Attorneys & Consultants.
Green construction is an approach that focuses on an energy-efficient, resource-efficient, and environmentally friendly building process. This is becoming less of a niche market, and contractors that don’t cater to green interests may soon be left behind. Additionally, a resource-efficient approach is sure to save your company money in the long run, which is especially important considering the current international trade war involving common building materials. Remaining resistant to industry trends like this can lead to you being shut out of a market that you could be profiting from. Earn green by thinking green.
Another building technique that focuses on resource efficiency is prefabricated construction. Using this method, construction components are built off-site in a controlled environment. This advantages of this approach are numerous and include shortened completion times, safer working environments, and fewer delays. You are sure to outperform your competition when your construction projects are consistently completed ahead of schedule and under budget. In addition, prefabricated construction requires fewer skilled workers than traditional construction, a fact that is sure to interest any contractor impacted by the industry’s current labor shortage.
Assembling Your Crew
We’ve previously covered the terrible impact that the labor shortage is having on our industry. Construction companies are cannibalizing each other for skilled workers in an attempt to keep up with demand. This approach is simply unsustainable. As a contractor, you will need to attract, train, and retain a younger generation of workers. Provide your workers with a career, not a temporary position, and they will remain loyal. If you wish to stay competitive, you must provide your workforce with competitive wages.
For more information on remaining competitive in the construction industry, read part two.
If you would like to speak with a Wichita construction lawyer, please contact us today.
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.