Procore’s Groundbreak 2020 featured more than 50 breakout sessions on a wide range of C&E topics, featuring in-depth conversations with industry players who know them best. One such session, “How to Leverage a Connected Platform to Maximize Productivity and Profitability,” centered around the perennial issue of productivity and how a real-time, connected platform like Procore can help construction pros save time, money, and aggravation every single day.
For this breakout session, Michelle Turner, Procore’s Product Marketing Manager, Specialty Contractors, sat down for a virtual conversation with Brad Sandidge, CFO of Marathon Electrical Contractors. Sandidge spoke about his first-hand experience in how a company can leverage platforms like Procore’s to gain real-time insights and greater project visibility to ensure work gets done on schedule and under budget.
What is a Platform?
Lagging productivity is a known issue in the industry, and its impacts cost the global economy tremendously. A connected platform can solve most, if not all, productivity challenges, bringing together a full suite of solutions all packed in one, easy-to-use application. Construction projects are becoming more costly and complex. Simultaneously, contractors are under increasing pressure to tighten deadlines, keep costs in line, and look for efficiencies wherever possible. To make it all work, companies far too often end up depending on a cobbled-together set of programs or systems that don’t even work together.
“Even the robust tech stack of specialty contractor tools are useless if they’re not integrated, disjointed or disconnected solutions really prevent your teams from effectively communicating and managing workflows between field and office,” Turner said.
Sandidge, no stranger to the complexities of technological implementations, said he had known right away that a platform was the right solution for his business.
“I had been through a number of different conversions of technology systems and was very involved in some of these implementations in the past. When I got [to Marathon Electrical Contractors], we didn’t have much synergy between systems. Finally, I said, ‘There’s got to be a better way.’ When I heard about Procore’s platform, I immediately jumped on it, and as soon as we saw it, we said, ‘Yeah, this is what we need to be doing,’” said Sandidge.
“Procore was 1,000% better than what we had been doing. Having all the tools and documentation in one place significantly improves our transparency and collaboration,” he said.
Measuring the ROI
The benefits and savings of a real-time, connected platform become apparent right from the start. From keeping track of creeping costs to catching potential problems before they become costly rework. Working within a platform like Procore gives managers an eagle-eye view of any ongoing project and allows them to keep budgets in check. Then, of course, there are issues no company could have accounted for. These unknowns inevitably rear their ugly heads and often drive up costs, create delays, and chew through resources, making it even more necessary to keep a tally of costs.
“Platforms are already making us so much more productive in our daily lives. Why shouldn’t we expect the same for construction technology? This is exactly what Procore is doing for the industry. We’re helping you build that intelligence system so you can tackle challenges and unknowns. With real-time insights that allow you to make the most informed decisions,” Turner said.
These unknowables add risk to projects, particularly if there’s no solution in place to handle them. Construction platforms help companies not only reduce risk, but identify it coming around the corner.
Between saving time, money and helping ensure seamless project delivery, it’s easy to see how you can achieve a significant return on your investment in a connected platform.