Using Managed IT to Streamline Your Contracting Business
“Time is money,” goes the old adage, and nowhere is this more correct than in the contracting and construction industries. Even customers consider time a higher priority than finances, placing many projects on the fast track and rushing things to completion. With up to 50% of time in the field considered non-productive, however, you can see how much wasted time can cost your construction or contracting business.
Here’s an example:
You have a crew of five, each wasting five minutes per day:
5 people/5 minutes = 25 minutes per day (.416 hours)
.416 hours/day x 5 days = 2.083 hours per week
2.083 hours/week x 50 weeks per year = 104.16 hours per year
104.16 hours/year @ $60 per hour = $6.250 lost per year
If you have a 2% net profit, then you would need to sell $312,500 worth of services to make up the lost revenue. And that’s just for five wasted minutes.
For financial reasons, it’s in your best interest to expedite workflow where you can. Expediting can be a good idea since:
- You can move on to more lucrative assignments
- You can save money
- You can eliminate cost-prohibitive delays
- You may procure early completion bonuses
Accelerating work can be done by adding overtime, assigning new labor, or implementing new resources. And that’s where Managed IT comes into play.
Managed IT for a Streamlined Contracting Workflow — And Less Wasted Time
As a construction or contract professional, you typically subcontract work that your company is not well-versed in since it is more efficient to do so. Your IT needs are no different. It is often less expensive to subcontract out this work to experts in the industry — your Managed IT partners.
Putting in place a digital strategy that matches your business needs and goals through Managed IT streamlines contracting workflows and reduces the amount of time employees waste searching for documents, researching projects, organizing tasks, waiting for equipment to be repaired, ordering supplies, and more.
Need more reasons to choose a Managed Services Provider (MSP) for your contracting business? Here are just a few:1. State-of-the-Art Technology
Using a Managed IT partner relieves your company of the burden of constant technology upgrades, time-consuming maintenance, and additional costs to keep equipment on the cutting edge. Managed IT services are billed at a consistent rate per month, a rate that includes keeping equipment up to date as well as providing supplies, maintenance, troubleshooting, and repairs.
2. Leading-Edge Skills for Less
When you hire an MSP, you are getting talent with the highest level of industry-specific knowledge. In-house IT teams are typically generalists rather than specialists, since most companies don’t have the budget to hire industry-specific talent.
Your MSP provides an IT team with the right skills to handle evolving issues quickly and accurately — and removes the burden on you to pay high salaries plus benefits.
3. Reducing Security Concerns
Hackers are getting increasingly smart and developing new methodologies for getting ahold of data — and construction companies are not immune. They can use your computing power to mine for bitcoin, ransom your data, make a political statement, or get control of proprietary or confidential plans or blueprints. All of these actions can cripple your firm financially, either by disrupting production, ruining your reputation, or stealing funds outright.
An MSP will have the knowledge it takes to prevent and defend against the latest threat, ensuring that your IT infrastructure is always up to date with robust security protocols.
Blue Technologies is Your Trusted Source for Managed IT Expertise
When you work with the Blue Technologies team of Managed IT professionals, you get the peace of mind in knowing that our specialized knowledge is keeping your data safe, your connectivity flowing, and your productivity at the maximum.
Our team can quickly assess your current infrastructure and design a plan created to target the specific needs and challenges faced by your firm. Then, we can implement and maintain your IT systems while providing a host of value-added services such as automated supply replenishment, 24/7 monitoring, and more.
Stop losing money due to wasted time. Contact a Blue Technologies consultant and learn how our Managed IT services can help your construction or contracting firm thrive.