In this highly competitive market, it has now become possible for small contractors to compete against giant companies. How?
FREMONT, CA: In this highly technical world, integrated building information modeling (BIM) plays a key role in effective information management and helps the contractors migrate into the revenue-generating domains of modular construction and aftermarket services. It also offers an opportunity for construction businesses that are smaller in size, whose legacy enterprise resource planning (ERP) system is not keeping up with times, to stand-up in the market, and compete against the industry leaders.
Where Conventional ERP Fails
To make sure BIM is running smoothly, the asset data should be structured and well organized, i.e., from proposal requests to contracts, design revisions, and serial numbers on every piece of capital equipment. With the traditional ERP solutions having roots buried deep in human resources and finance, this is a huge task to perform.
Construction-centric ERP Opens Doors to Growth
Since, all the built asset information is of enterprise-critical importance for the project owner, construction-centric ERP software, which offers the ideal structure and format to this data, gives them a 360-degree view they require. However, more structured information management’s benefits can go beyond ensuring the compliance of construction companies with the government and project owner mandates associated with BIM.
For instance, the modern construction ERP is capable of preventing change orders further down the line in a project, since it makes it simpler to detect conflicts or incompatibilities between elements handled by distinct trades and disciplines. Moreover, easily available BIM data is supportive of contractors because they transition into modular or off-site construction while opening the doors to aftermath services.
Building on BIM for 2020 and Beyond
With BIM, the construction project owners can have access to all the information and data they require for effectively managing the assets’ lifecycle, but only if their ERP software is complex and robust enough to allow the data flow into their physical asset management processes easily.
Contractors operating the latest software application can enjoy the benefits of BIM and can also challenge much larger competitors by using more antiquated systems. However, an inflexible solution that is unable to extend beyond HR and finance can have a reverse effect, which can result in rendering valuable data worthless and leaving contractors in complete darkness.