What Cost-Saving Benefits Does ConCntric Offer for Construction Projects?
In this blog post, we explore the cost-saving benefits of preconstruction software and how it transforms how teams plan and execute projects.
Managing costs effectively in construction starts long before breaking ground. Early alignment of design and budget in the preconstruction phase is essential to avoid costly mistakes and delays later in the project. Today, we have an opportunity to empower project teams to achieve greater cost-effectiveness through streamlined processes and improved collaboration.
In this blog post, we explore the cost-saving benefits of preconstruction software and how it transforms how teams plan and execute projects.
Cost-Savings Benefits for Construction
Streamlined preconstruction processes The primary cost-saving advantage of ConCntric is its ability to streamline preconstruction processes. By integrating critical project data early on, ConCntric enables contractors to reduce the effort and time spent on initial planning. With less manual work, project teams can focus on strategic decision-making rather than spending unnecessary time on repetitive tasks, driving down costs. Through automation and real-time collaboration, stakeholders can access and analyze data more efficiently. This means less time spent on rework and more time focusing on what really matters. | |
Reduced errors and omissions in projects Rework, delays and unexpected costs and change orders often come from errors or omissions in the planning process. ConCntric’s preconstruction management platform helps identify potential issues early in the process, reducing the likelihood of costly mistakes. With a thoroughly planned and appropriately scoped project, the risk of errors can decrease significantly. ConCntric helps eliminate common sources of errors, minimize scope creep and reduce unforeseen costs by unleashing the power of data and fostering transparent communication among all stakeholders from the jump. By factoring cost and time into the planning process, our platform helps teams identify the most efficient and cost-effective ways to meet their project goals. | |
Decreased risk ConCntric’s focus on reducing risk helps safeguard projects from unexpected costs and delays. By promoting a proactive approach to risk management, the platform allows teams to identify and address potential risks early in the planning process. We encourage the development of mitigation plans to ensure that project teams actively collaborate to address identified risks before they escalate into costly issues. | |
Improved collaboration It’s becoming increasingly clear that collaboration is essential for the success of any construction project. By providing a dynamic, visual representation of project data that stakeholders can easily digest—vs. old-school ad hoc spreadsheets—ConCntric improves collaboration one project at a time. Whether teams look at costs, timelines, designs, etc., ConCntric’s dynamic visuals allow for clear discussions and fast decision-making, fostering better teamwork and reducing misunderstandings. Acting as a single source of truth, our preconstruction platform gives all team members direct access to project information in real time whenever they need it. | |
Enhanced decision-making and cost control Making informed, data-driven decisions is crucial for managing costs effectively. ConCntric empowers project teams by providing robust analytics and real-time cost analysis so that they can evaluate their options, compare and forecast scenarios and assess the financial impact of their decisions. Our platform allows teams to shift the focus to value optioneering early in the preconstruction process. Value optioneering allows project teams to explore multiple design options and align them with the project budget from the beginning. This forward-thinking approach contrasts with traditional value engineering, which often occurs reactively when the project’s design is so far advanced that the value engineering becomes detrimental. |
Cost control is one of the most important aspects of a construction project. ConCntric has a suite of features to help teams achieve this goal. By streamlining preconstruction processes, reducing errors, enhancing collaboration and shifting the focus to early budget and design alignment, ConCntric empowers teams to make data-driven decisions that result in significant cost savings and rewarded project outcomes. To learn more about how ConCntric thoroughly plans your projects, mitigating risks and helping you focus on important deliverables, book a demo with us today.