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Posted in Community :

Construction Planning & Management

 
Industry : ConstructionFunctional Area : Strategy Alignment(Strategy & Execution)
Activity: 0 referals  257 views;  last activity : 6 days ago

What are the Key Performance indicators for construction companies? 

Any thoughts !!!

Let us discuss here & formulate the best ones.... 

 
 
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1 2 3 4
1 Labor productivity
2 Tracking Schedule Variance
3 ROCE and EVA
4 Annual Financial Turnover,Profit loss statemet and use of modern technologies

Labor productivity

idea posted by Rajdeep Das Construction-Heavy, Sobha Developers
My knowledge says labor productivity is important indicator for us, as productivity problems can break labor budgets and erode profit margins. We should separate jobs within a project to identify discrepancies between actual labor expenditures and estimates. This information is  very vital for us and field supervisors to forecast cost-to-complete, establish daily performance goals, address current problems, and improve future estimating and bidding accuracy.....
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Tracking Schedule Variance

idea posted by Venkatesh M Warehouse Manager, Larsen and Toubro
Rajdeep, good point. We have seen increasingly complex project specifications and schedule compression, so i feel we should be able to identify and monitor schedule variance to deliver projects on a timeline that satisfies owners' demands. Understanding which factors cause schedule variance, such as change orders and weather, allows you to properly plan, communicate, and coordinate resources, to ensure higher quality output, improved safety, and better resource utilization and allocation.....
1
0
  

Well I go with what Mr.Venkatesh has viewed tracking SV further to add with we should monitor Cost Variance so that we can monitor profit or loss margins.


ROCE and EVA

idea posted by M NITIN SHENOY, PMP, IPMA-D, CEng MICE Asst. Constr. Manager, L&T

ROCE = Return on Capital Employed = Net Earnings / Avg. Net Fund Employed... (Reduced for a year...!!!)

Avg. Net Fund Emplyed = Func (Avg. Working Capital, Avg. Net Fixed Assets)

EVA = Economic Value Added = Net Earnings after Tax - Cummulative Capital Charges

1
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Annual Financial Turnover,Profit loss statemet and use of modern technologies

idea posted by Mallaya Pandravada Project Leader/Managing Consultant, Sheladia Associates Inc

Key Perfomance Indicators form the basis for Prebid qualifying of the construction firms.

Mostly these are 

  •  Stead fast Financial turnover for past three years.
  •  Profit loss statements of the company
  •  Use of modern technologies in the projects  executed.

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