KPI Dashboards for Contractors
KPI and performance dashboards are critical for understanding the big picture of your construction business.
Like a vehicle dashboard, a KPI dashboard allows your team to drive towards their goals with complete knowledge of what needs to be done to ensure success.
What is A KPI dashboard?
It's business intelligence at a glance.
Having a project dashboard in a high-visibility area, like a boardroom or main office, allows you to quickly comprehend the status of your projects, which projects or team members need attention, and where business processes can be improved.
The insights learned from the right analytics can include:
• Improving your company processes
• Providing more accurate estimates
• Identifying your best customers
• Detecting emerging market trends
• Learning which of your crews and team members are the highest-performers, and much more.
Which project types are earning us the most revenue?
A functional dashboard built on top of solid data analytics provides your team with real-time insights into project performance.
At its core, a project dashboard answers the questions, “How are we performing right now?”, “What are we missing?”, and “What can we do better?”.
Why are we losing projects and how can we improve?
Sales dashboards provide an overview of your KPIs and show you how successful your sales and estimating team is across project types, clients, and market segments.
What is the main reason we lose the most valuable work?
Knowing why you lose a project is vital to improving your estimating and sales process.
Losing a project isn’t always bad.
Losing a project without knowing why is paving the path to failure.
Which estimators and salespeople win the most work, and how can they coach others?
With the right analytics, you can turn your whole estimating department into A-level performers.
Knowing who excels at certain types of estimates and projects allows you to properly distribute work, set up the right mentee-mentor relationships, and maximize your odds of winning more projects.
Which project types are we over-/under-bidding?
Every successful business has strengths and weaknesses.
Knowing which project types have accurate bidding and estimating data, and which project types have insufficient or inaccurate data, is essential to ensuring that every estimate and proposal that gets sent to your clients is a profit-generator.
Nothing stings as much as inaccurately estimating a project and having it cost you money to build.
So what's next?
At Contractor Websites, construction project dashboards are our bread and butter.
We help contractors collect their data from multiple sources, input everything into a single dashboard, and build useful insights that boost your revenues and profits.
Now that you know what the purpose of a dashboard is, you can take it to the next step!
Schedule some time to chat with us.
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