Construction Firms: It’s Time to Move Past the “Paper Age”
Taking the guesswork out of profitability is becoming increasingly difficult within the ever-evolving construction industry. There are just too many moving parts that exist beyond the control of any one firm. As a result, every construction business owner is on the lookout for a better way. This includes best methods for enhancing efficiencies across every work area. While strides have been made, the construction industry has been one of the last to embrace the benefits of the electronic revolution – including the shift from the “paper” world and filing cabinets filled with blueprints, invoices, change orders and every other form of business documentation. Moving from a paper to digital business economy offers numerous advantages. First, let’s look at some basic costs. Construction expert Houston Neal once calculated that the construction industry prints an average of 37 million blueprints every year. At a price of about 50 cents for every black-and-white document printed on 20#, 18x24 paper, this translates into about $18.5 million and the death of approximately 42,000 trees. How much money does your firm spend on paper every year? Further, what do you pay for toner and copying? Do you still mail invoices to clients?