Many contractors are incorporating new technology onto the jobsite. But in order for the time and effort put into these new technologies to be worth it, contractors should know what type of return on investment (ROI) the technology offers. A recent whitepaper from Bridgit takes a look at how to evaluate the ROI of its punch list management software, such as Bridgit's Closeout, and determine what value contractors will get out of using the technology on their construction jobsites.
It's important to note the ROI doesn't always directly appear as dollars right away. When using technology such as punch list management software, contractors can see ROI in the form of saving time recording deficiencies, saving time reporting deficiencies, reduced travel cost, and more.
In terms of saving time for recording deficiencies, punch list management software can provide contractors with a single point of entry, eliminating the need to enter information multiple times with multiple media. Punch list management software also provides contractors with photo integration allowing photos to accompany punch list items right there in the software.
Another ROI of this software is ease of use and the ability to begin capturing issues early in the process, since contractors can have the software handy on their mobile device rather than carrying around bulky paper and pens or waiting to record once back at the office.
(Download the Evaluating the ROI of Punch List Management Software white paper to learn more...)
