Contracting Industry Consolidation
In recent years, we have witnessed a bonanza of private equity investments in the specialty contractor market. When integrated into a national roll-up, stand-alone contractors can benefit from platform-level synergies that lead to significant cost savings and accelerated EBITDA growth, making 1+1 equal 3. Despite these roll-up benefits, big profits are being left on the table.
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A Look Inside
Fragmentation Leads to Friction
A stand-alone contracting business already has enough technology silos and challenges. But once the business is tucked into a national roll-up, there is a snowball effect that generates an application hairball. An executive of a large private equity-owned HVAC roll-up recently remarked, “lack of back-office automation remains our biggest challenge.”
Universal Platforms – The Key to Measurable Success
The industry can now solve these challenges with an incremental, cost-effective approach using open-architecture technology. Recent technology innovations from Microsoft are low-code and flexible enough to meet the complex needs of the construction industry. A “Universal Platform” philosophy combines these tools with a strategic implementation approach to process and data unification.
Block How to get there – Roadmap to Optimization
It takes time and commitment to fully optimize a business from end to end. But it is important to generate momentum by moving quickly and delivering results early. Start with an assessment that catalogs the current systems and outlines the high-level processes of the business. Drive standardization and governance of the business process flow for the whole business.
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As the leading Project Controls partner with tremendous success at the highest levels in the US construction industry, we welcome the opportunity to speak with you about your Project Controls consulting, development and implementation needs.
