Many construction companies are resistant to change, making them less robust and inventive. Some people fall into the trap of following everyone else’s best practices, leaving them less innovative and with fewer competitive advantages. Any new idea or innovative concept is only as good as the value it produces, whether it’s value for employees, clients, or partners. Value propositions can theoretically be created in any part of a firm.

Let’s talk about a few that are particularly relevant to construction firms:

Processes

Your construction services are one-of-a-kind because of your unique firm. By enhancing your strengths, you may innovate without following the crowd.

Do you have a unique client communication method that’s ready to improve? What about your marketing? Are you utilizing the most appropriate tools for the job? Or are you still managing many projects separately, despite the fact that managing them as a platform would save you time and money?

Innovating with processes also entails correcting things, in addition to playing to your existing strengths. If material replacements cause schedule difficulties for your specialist contractors on a frequent basis, you can use technology to optimize your specifications processes.

Alternatively, if your project teams are prone to conflict, you might implement team-building exercises and events to assist them in resolving their concerns.

Presence

When you innovate with presence, you give clients new places to buy your services or new ways to buy them. You might decide to expand into a region where your services are in high demand.

Adding more avenues for consumers to purchase your services could entail taking on additional project kinds or using different delivery methods. You might be able to invent a completely new distribution technique for a niche construction market. You might also team up with a designer to target a niche market, such as build-to-suit or retail renovations. Many construction enterprises have the option of innovating through presence.

Supply Chain

In the aftermath of the COVID-19 outbreak, you’ll hear a lot about supply chains. Companies have already begun to streamline supply chains with a value-added focus, but things are about to pick up speed.

You rarely have control over your lumber, steel, or concrete supply in construction. However, you can have a significant impact on the windows, doors, insulation, and other project-specific components you select.

Is there a new approach to combine orders and fulfilment in order to increase transparency? Is it possible to increase or decrease the number of contact points in order to speed up or improve the accuracy of deliveries? Can you combine your sourcing with those of your partners to benefit everyone? Today’s supply chain tools offer to aid you in both fabrication and material sourcing innovation.

Platform

Consider a platform to be a place where you may put together smaller components to make larger components. The obvious example in building is anything modular. You’ve developed a platform from which to launch new services if you can build the smaller components of an assembly in a controlled environment and then assemble them on site.

Maybe you don’t only sell things that are made on the spot. A classic example of a market waiting for pre-built components is the do-it-yourself home improvement niche. Modular components can typically meet the needs of other contractors and corporate owners. Pre-built components may also be beneficial to your own clients.

A building platform can be modular, for example. Clients in a particular market category face comparable problem. To address those issues, you may develop a platform within your company. It could be a centralized system for managing third-party inspections or a material tracking tool that clients use to check if specifications need to be changed.

In a nutshell, consider of innovation as a means of generating value. Then think about how you might add more value to what you provide your staff, partners, and clients.