Industry Insights

    How Construction Firms Can Collect and Distribute Key Data to Deliver on KPIs

    October 2023Reviewed and updated August 20266 min read
    How Construction Firms Can Collect and Distribute Key Data to Deliver on KPIs

    The pandemic caused a rapid acceleration of mobile working for the US construction industry. In the past, back office staff working on site would be key in processing physical documents and helping to manage authorizations. But in the new normal of reduced physical contact and mobile working, teams need digital solutions.

    The Data Challenge in Construction

    Construction generates enormous volumes of data, from project bids and contracts to daily logs, change orders, and equipment tracking. The challenge isn't generating data; it's collecting it efficiently, distributing it to the right people, and using it to drive performance.

    Common Data Pain Points

  1. Paper-based processes that create delays and lose information
  2. Disconnected systems that prevent a unified view of project health
  3. Inconsistent data entry that undermines reporting accuracy
  4. Limited mobile access that keeps field teams out of the information loop
  5. Key KPIs Every Construction Firm Should Track

    Financial KPIs

  6. Gross profit margin by project. Are individual projects profitable?
  7. Cash flow forecast accuracy. How well do you predict cash needs?
  8. Change order margin. Are change orders contributing to or eroding profit?
  9. Billing vs. cost ratio. Are you billing in line with project completion?
  10. Operational KPIs

  11. Schedule variance. Are projects on track?
  12. Safety incident rate. How does your safety record compare to benchmarks?
  13. Equipment utilization. Are you maximizing your fleet investment?
  14. Subcontractor performance. Are subs delivering on time and on budget?
  15. Building a Modern Data Infrastructure

    Cloud-Based ERP

    A cloud ERP platform designed for construction, or configurable to construction workflows, provides the foundation for unified data management. Project accounting, job costing, billing, and financial reporting all flow from a single system.

    Mobile Data Capture

    Equip field teams with mobile tools that capture data at the point of activity. Time tracking, daily logs, safety reports, and material receipts entered on-site flow directly into your central system.

    Automated Reporting

    Replace manual report compilation with automated dashboards that pull real-time data from across your projects. Stakeholders get the information they need when they need it.

    Integration with Estimating and PM Tools

    Connect your financial system with estimating software and project management tools. This creates a continuous data flow from bid to closeout, enabling accurate job cost tracking throughout the project lifecycle.

    Exafort helps construction firms modernize their data infrastructure and implement ERP solutions that deliver real-time visibility across projects, financials, and operations.

    The sector baseline your KPIs are measured against

    McKinsey Global Institute's construction productivity research established that the sector's productivity growth has badly trailed the total economy over decades, and McKinsey's 2024 assessment concludes the industry has still not climbed out of that rut despite available technology.

    For a contractor, that is opportunity rather than fatalism. KPI discipline (labor productivity by cost code, schedule performance index, rework hours, cost to complete against forecast) is unevenly practiced, which is exactly why it separates firms.

    Sources and further reading

  16. Reinventing construction through a productivity revolution, McKinsey Global Institute, February 27, 2017
  17. Delivering on construction productivity is no longer optional, McKinsey & Company, August 9, 2024
  18. Next Steps

    Start with Controlled Enterprise Execution

    Whether you are preparing core platforms for next-generation AI agents, stabilizing ERP and CRM integrations, or designing cross-system workflows, our engineering team is ready to evaluate your environment.

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