Buoyed by positive economic growth, the construction and engineering sectors are on the rebound. People are buying more homes, and companies are on an expansion spree, which translates to the copious amount of work.
Therefore, the players in these sectors of the market have a chance at a windfall as more people and business turn to them to fulfil their needs. A skilful workforce and technological advancements allow construction firms to meet the needs of the clients quickly.
However, making some mistakes can cause you to incur hefty losses, lower credibility, harm your brand image as well as your bottom line.
Skimping on health and safety
The law requires of companies engaging in construction to adhere to a set of safety measures with the aim of keeping the workers safe. Some of the measures include fencing off the site, carrying clear and visible warning signs, hard hats, among others. Failing to comply with the rules put your workers at risk and could result in severe injuries or even loss of life.
In the case of an accident, your insurance carrier may fail to honour your claims citing negligence, sticking you with expensive medical bills and settlements. Additionally, you stand to face legal actions that could see to the revocation of your license.
Poor logistical planning
Construction is a time intensive sector and as such, requires precise logistical planning. Otherwise, you might suffer project delays or scheduling overlaps that could lower customer satisfaction and hurt the business. Make sure to have the right equipment for the job and maintain it in good working condition. In case of an overlap, you may consider hiring the extra equipment from a reliable leasing firm if it is not feasible to buy them. Proper planning also entails scheduling workers leave days in a manner that does not lower productivity.
While the construction industry is on an upswing, some mistakes can ruin your brand image and hurt your business.