ERP Industry Insights: The outlook for construction

At ERP Central, our Microsoft-approved partners offer their clients industry-specific expertise when it comes to the implementation of Microsoft Dynamics NAV.

As Microsoft matchmakers, we help businesses find the perfect partner that offers the most relevant business management software solution for their needs.

With so much sector-specific knowledge at our fingertips, we thought we’d take the opportunity to let our partners share some crucial insight into a particular industry.

Offering their industry insights on the construction sector, NAV partners, Metaphorix, share their thoughts on the concerns, opportunities and trends facing construction businesses in 2017.

A not-so-bumpy start

With many predicting a rocky road for the construction industry in 2017, the first few months of the year weren’t as fraught with gloom as expected.

In fact, the 2017 Metaphorix SME Construction Survey Q1 found that 50% of construction businesses predicted a rise in workload.

The legislation situation

The industry also saw some important legislation changes, including the Duty to Report on Payment Practices and Performance and a full audit on the validity of CSCS skills cards.

In both cases, a construction ERP system with industry-specific functionality can assist with compliant reporting and maintaining CSCS cards.

Industry Insights - Construction efficiency

The B word

You couldn’t escape the infamous B word in 2017. The impact of Brexit has been a constant focus for construction businesses.

Since the potential after-effects of a “Hard Brexit” are purely hypothetical until final terms are agreed, there’s a general air of “getting on with things”.

Reduced resources

Certainly two of the major concerns for the construction industry post-Brexit are labour and materials. The existing skills shortage in the UK won’t be helped by restrictions on external resources.

Because of this, it’s going to be more important than ever for small construction companies to manage subcontractors and materials efficiently and cost-effectively.

Industry Insights - Construction profitability

What next?

Despite initial fears, the outlook for the construction industry isn’t as gloomy as some of the predictions suggested.

While there might, for the moment, be enough work available in the sector, tighter management of labour and materials will be vital.

Using the right ERP software to control the costs of a project will become invaluable. With a clearer understanding of sub-contractors, procurement and budgets, construction firms can start their digital transformation into a successful, profitable business, whatever the future holds.

Get in touch today and we can help you find a Microsoft partner, like Metaphorix, with construction sector expertise.

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