According to the US-based Associated Builders and Contractors – a trade association – in 2020, globally, EBIT (earnings before interest and tax) from construction activities, is on average, just 5.5% of sales. This, combined with Covid-19 constraints, have compelled contractors to be proactive in managing processes and operations that will help them increase their profitability and margins.
MECN lists ten ways of increasing efficiencies in the construction sector and optimising processes where possible.
Good Communication
