CDC News released their 2nd Quarter 2014 Construction Data Index. Overall, the report indicates that construction companies are dissatisfied with their growth. 50% of companies believe that their performance has improved (over the past six months), while 32% believe their performance has remained the same and 19% believe it has worsened. Additionally, these results are almost identical to those of the year 2013 meaning that the industry has failed to grow over the past twelve months or get back to pre-recession levels.
“When asked how your business is doing today relative to six months ago, 49 percent of respondents indicated that their business was doing better. Only 32 percent of respondents felt their business was doing about the same as it was six months ago and 19 percent felt that business was worse than it was six months ago. Looking back at the results from 1st Quarter 2014 we find that these responses are almost identical. Last quarter, 50 percent indicated that their business was doing better, 29 percent felt their business was doing about the same and 21 percent felt that business was worse than it was six months ago.”
How can companies get profits back to pre-recession levels? They can adopt a system like BuildingBlok to increase productivity, reduce costs, and boost profits. By moving your projects to the cloud you…
-Reduce the time it takes to collaborate and complete construction documents by 90%
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Cutting costs is a quick and easy way to boost profitability and make your life simpler! Read more at…