Construction

CHALLENGE FOR THE CONSTRUCTION INDUSTRY

Performance management is a key issue in the construction industry as a result of new policies and legislation. Regulatory pressures are changing the conditions under which construction firms operate. The need for sustainability is creating a range of new demands, expectations and business drivers, which strategic companies are addressing through Contractor Performance Management (CPM). Effective CPM is a key focus for construction companies that outsource projects or have a large number of suppliers and subcontractors. Biznets vision is to bring about sustained improvement in productivity and quality across the construction industry to deliver best value for money outcomes. In support of this vision, a CPM solution will facilitate ongoing improvement in industry performance and to encourage and reward better performance by contractors.

BIZNET’S SOLUTION

Biznet help construction companies improve their performance and that of their contractors to create long term shareholder value through performance management and reporting solutions. We assist our construction clients and their stakeholders in the areas of corporate governance, sustainability, environmental health & safety management, responsible supply chain management and reporting of non-financial information. The contractor performance reporting system is used to monitor and report on the performance of contractors and includes contract specific measurement KPIs and project performance measurement and feedback.

BENEFITS

Large construction companies are implementing performance management models to improve business processes, sustainability, and facilitate continuous improvement. When used as part of a consistent contractor improvement program, CPM systems can offer significant benefits to contractors, construction companies and their clients, including:

    * Concerns about performance can be identified at the earliest opportunity.
    * Ability to benchmark against industry ‘best in class’, use lessons learned from the market leaders.
    * Build contracts around incentives based upon performance targets.
    * Past and current performance is a major consideration whenever tendered panels are chosen.
    * Reports provide a basis for companies to discuss contractor performance and build relationships.

Evidence from “best practice” companies shows that performance measurement can yield significant benefits to companies by focusing on their performance and delivering a performance improvement strategy.

For more information on the benefits which can be gained from a SPM program please see our Learning Zone or contact performis@BiznetPM.com