Blog
3 Ways AEC Firms Can Increase Profitability
Jan 28, 2020
After working with nearly fifty AEC firms, we have found that even the biggest and best performers still have inefficient processes within their organizations. We call this “trapped value.” Trapped value is revenue and profit dollars trapped within inefficient or missing processes. This revenue and profit doesn't make it to your bottom line. Our latest guide, “Finding Trapped Value to Become More Profitable,” will help you to identify common areas of trapped value within your project execution workflow. In this guide we provide ways for you to drive out more profitability. Below are a few highlights of how organizations can accomplish this.
A common project execution workflow starts with the corporate or regional office communicating to the field staff. The field staff executes on field tests or observations and inspections. They collect and transport samples to a lab. The lab tech enters lab results. The project engineer performs a QA/QC review and delivers the results to the client.
With Agile Frameworks’ MetaField® solution, we help firms leverage this workflow to identify, measure, and track the trapped value that is revealed in these often inefficient or unsystematic practices. From initial project definition all the way through delivering work product to your client, inefficient processes can impact your revenues, margins and profits. It’s our job to help you uncover and improve those processes so that you can turn this trapped revenue into real actualized dollars. Dollars that you can spend or reinvest into your business’ bottom line.
We have created a tool to help you identify areas of trapped revenue and quantify the cost savings of your project and process inefficiencies. Get started with our cost calculator.
For example, you need real-time visibility into scheduling and dispatching your qualified resources to keep a project on schedule. A lack of visibility often results in wasted dollars. Schedulers aren’t able to easily balance field technician workloads. Field technicians aren’t notified in enough time to get to the project site. Schedulers end up sending the wrong resources to a project site.
With MetaField, schedulers can review committed workloads to schedule technicians on a centralized, shared calendar. This view enables smooth and fast resource allocation. Schedulers can issue and dispatch work orders for technician notification and acknowledgement directly to and from their mobile devices. Which makes it easy for technicians to respond quickly to work order requests. MetaField requires certifications to ensure the right certified technician is assigned to the work order. The technician follows a checklist to make sure they complete all necessary tasks and tests consistently, correctly and efficiently.
MetaField is a trusted solution to streamline project management operations and client services focused on increasing productivity and profitability for the AEC (Architecture/Engineering/Construction) and related service industries. MetaField also is the only industry solution that fully integrates corporate, field, and lab information management activities in one platform across multiple engineering and construction disciplines. MetaField's end-to-end process includes: scheduling/dispatch, project administration, field data collection and materials testing, review and quality control, digital signing, automated client reporting, and much more. Companies that use MetaField experience a fast ROI with a distinct competitive advantage focused on our profitable engineering™ approach.
Learn how MetaField solution can help you to maximize revenue, control costs, increase customer satisfaction, and reduce unnecessary overhead costs—all things that contribute to increasing your firm’s profitability. To download the guide “AEC Firms: Finding Trapped Value to Become More Profitable,” click the button below.