BEST PRACTICES FOR SUCCESSFUL CONSTRUCTION BUSINESS
Every Business looks to promoting and popularizing their works, projects and other verticals. Construction companies also fall into the same category. Promotions don’t singularly mean augmenting revenue. Promotions show the capability of the company, the quality of their work and also mirror the ‘Best Practices’. Best Practices encompass the company policy, systems and procedures that are practiced to attain the best possible results. Sustainable Construction, Procurement, Risk management, value management, Benchmarking, Supply Chain Management and Employee security form the criteria of ‘Best Practices’ Re-inventing themselves, seeking and applying advanced or the latest trends in construction is one of the best practices of a Construction Company Sustainable Construction is construction of buildings or structures that provide satisfaction, protect environment, minimize consumption of energy and natural resources and treat employees with respect Best Procurement Practice involves procuring not only material but also talent and staff for the project among other things. Risk Management in expansion of operations into a new market Value Management- Successful companies identify new opportunities much before their competitors. Benchmarking – A Company’s focus on efforts for improvement on success or critical’ issues, ensuring that improvement is based on what has been better achieved by others. Supply Chain Management in construction includes integration withal suppliers, manufacturers, distributors and intermediaries, installers, sub-contractors, designers and client. Health and safety of workers at all levels is of equal and utmost importance.