Introduction

Did you know that you can save up to 30% of costs and up to 35% of time on each construction project? Here’s how Emendo makes it possible.

Common Ways Construction Businesses Lose Money

General contractors spend up to 40% of their day on project management, dedicating 4-5 hours daily to activities like managing tasks, coordinating labor and materials, planning schedules, communicating with stakeholders, providing warranty support to previous customers, estimating and bidding for future projects, documenting, record-keeping, and tracking expenses and invoicing. Traditional methods involving spreadsheets, email, and other fragmented solutions are inefficient and error-prone, leading to lost time and money at each step:

Inefficient Bookkeeping

Contractors typically spend 4-6 hours per week working with assistants (paid about $30+/hour) on bookkeeping and another 3-5 hours per week updating their materials inventory. If they handle these tasks themselves, it can take 12-14 hours weekly.

Poor Inventory Management

Under or over-ordering materials adds significant delays to the project, forcing to re-adjust the labor schedule. It also results in multiple trips to source all materials needed to start the project, increasing sourcing costs by up to 20%.

Lack of Collaboration

Without a centralized collaboration platform, Requirements, documents, and change orders get scattered across messages and emails. This leads to confusion, lack of accountability, and rework, increasing overall costs by 10-15%.

Missed Schedules

Contractors managing multiple projects simultaneously struggle to track overlapping timelines, leading to missed appointments and deadlines. These oversights result in project delays of up to 20%.

How Emendo Serves as Your ‘Profit Engine’

Consider a $200,000 project with a duration of 3 months. Here is how you can potentially save thousands of dollars by automating all manual practices with Emendo AI:

Emendo lets you automate your administrative tasks with the AI. The tasks which would traditionally take 4-5 hours a day and a team assistant and project manager can now be done in a few seconds without a dedicated team. Emendo is easy to set up and use, letting you immediately leverage its capabilities and save money and time at each step:

AI-Powered Bookkeeping

Emendo lets you update your books with one click by uploading receipts. It also tracks spending trends, compares actual expenses to the budget, and monitors additional costs like labor and materials, giving you comprehensive financial oversight saving up to $10,000 in assistant wages over 12 weeks. (Average savings: $10,000)

Automated Inventory Management

Your inventory is updated in context with each purchase, and smart reminders like notifications to buy materials when you are near the vendor, help you eliminate multiple sourcing trips and get bulk discounts, saving up to 20% on material costs. (Average savings: $25,000)

Centralized Collaboration Platform

Emendo provides a centralized collaboration platform to communicate, share, and record requirements, assign tasks, receive change orders, and document progress. It minimizes errors and rework, potentially saving 10-15% of overall costs (Average savings: $22,000)

Automated Scheduling

Never miss any important appointment or reminders as Emendo auto updates your schedules from Tasks and uploaded documents thus minimizing avoidable delays and saving up to 20% of the project cost (Average savings: $25,000)

Total Increase in Profits

In total, Emendo could help save or add $82,000 to a $200,000 project's bottom line, representing up to a 40% increase in profitability.

How Emendo Helps to Boost Your Revenue:

Automating manual practices with Emendo frees up valuable time, allowing you to take on more projects and provide clients with transparent financial reports. This fosters trust and encourages repeat business, potentially increasing your revenue by up to 35%. Additionally, Emendo’s AI-powered Digital Assistant acts as a virtual project manager, maintaining team accountability with timely reminders and recommending the next steps. Meanwhile, the AMA chat provides instant access to project-related information, eliminating time-consuming searches and tedious spreadsheet calculations, and helping you boost your revenue by an additional 10%.

Try Emendo

Don't just take our word for it - try Emendo today and experience the boost in your profits and revenue yourself. https://www.emendo.ai/