5 Values of a Good Building Company

Many construction projects require a team that specializes in multiple disciplines. While a traditional building company or general contractor might hire subcontractors to complete these aspects of the project, they will often be responsible for managing each of those contractors’ contracts.

Look for a builder with a low callback number, which measures how many times owners request that the construction company come back to make fixes after completion. You also want to check a builder’s EMR rating and OSHA DART number.

Design-Build

Design-Build is a method that allows the design and construction process to unify under one contract. This speeds up the project significantly compared to traditional methods, and eliminates legal hassles and unnecessary risk for the owner.

During the pre-construction phase, your Design-Builder learns your business operations, industry realities, goals and vision, financial realities and current or future facility needs to develop a comprehensive project solution. This enables them to assess areas for cost savings and efficiency, as well as meet functional requirements and style preferences.

The team will establish a total project budget at the outset of the build, eliminating potential for expensive surprises down the road. The Design-Build team will also negotiate the best pricing for materials and labor from suppliers, allowing them to pass those savings on to you, the client. This helps you save money and gives your company a competitive advantage.

Single Point of Contact

A single point of contact is a person that handles all requests related to a particular organization, department, service, location or project. This person can be reached via phone, email or even a website. This approach allows a company to save time by not having to repeat inquiries to different people and also avoids long chains of telephone calls.

Having one person that clients communicate with not only makes them feel like they are in good hands, but it also provides fertile ground for upselling and cross-selling. Clients may also feel more comfortable asking questions about their build with the knowledge that their inquiries are going to be responded to promptly.

In a design-bid-build method, the owner oversees communication between the architect and engineer as well as the contractor. However, with a progressive design-build method, this role can be taken on by the design-build firm. Car dealerships are a great example of this. Having a single employee walk a customer through their new car purchase from start to finish is a practical, common practice.

Versatility

Versatility is the ability to adapt to different work situations. For example, a soccer player with versatility can play forward, defense, and goal keeper exceptionally well. The word is also used to describe a tool or machine that can be used for many purposes. A computer with versatility can perform many tasks and is a valuable asset to a business.

Versatile, a construction optimization company utilizing artificial intelligence (AI) and IoT technology, recently raised $80 million in a Series B financing round led by Insight Partners and joined by Tiger Global. The funds will help the company strengthen its data-driven capabilities and expand services to insurers and across the construction value chain.

Versatile’s flagship product, CraneView, uses AI and IoT technology to collect novel data on both the progress of a project as well as the process—what got built and how it got built. Mounted under the hook of any crane, it offers production data on any job site including information on materials, redundancies, construction progress, and crane utilization.

Transparency

Transparency is a core value that businesses should promote within their organizations. It is an essential aspect of a healthy work environment for employees, and it has been shown to boost employee engagement and retention. Transparency also creates trust between employees and managers. It allows both sides to know what is going on and encourages feedback.

Transparent operations are crucial to building a business’s reputation and creating customer loyalty. To fully achieve transparency, a company must be willing to share information with all stakeholders, including customers, vendors and other companies.

A company can promote transparency by publishing its values, such as its commitment to honesty and integrity. This can help set expectations for all employees. A company should also be transparent during the hiring process by clearly explaining the full interview process and hiring timeline. This is important to avoid leaving candidates feeling frustrated that they weren’t selected for a job. It’s also important to be transparent about mistakes that are made.