The Cost of Lost Time For House Builders

Did you know that according to most industry estimates, building work is rarely delivered on time?

It has been suggested by some experts that project costs frequently increase by as much as 20% because of time lost. It's clear that pressure on house builders is not going to disappear anytime soon.

It has been a particularly difficult period for housebuilders. According to Estate Agents Saville’s, work stopped on 80% of sites at the height of the pandemic. While the situation with Covid is now largely back to normal, delays will continue to happen unless contractors are prepared to look at different ways of working.

In real terms this means partnering more closely with companies like Global to ensure days lost are kept to a minimum. Failure to do so can be expensive. Even for a small builder working on just one home, one lost day at the foundation stage could prove prohibitive in terms of increased costs. Multiply that over several homes and very tight margins can soon become major losses.

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