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Critical Impacts of Procurement on Cost Management- Webinar
May 24, 2022 @ 11:00 am - 1:00 pm PDT
May 24th at 11 am PST / 2 pm EST
How digital procurement results in effective cost management and financial tracking
Details
According to data from the National Electrical Contractors Association (NECA), 34% of every subcontractor’s job cost accounts for the cost of materials. Moreover, research has shown that approximately 40% of the labor on a job goes to material handling in some form, giving a potential of almost 17% of the revenues that can be converted from the cost of labor to bottom-line profits. In reality, 100 percent of the time spent on material handling cannot be recovered by the contractor, yet, reducing overhead and improving tracking has a dramatic impact on the project management and financial results.
In this webinar, hosted by StructShare + Procore, we will have a broad discussion about the importance of automating the procurement process to give contractors real-time visibility into their costs and project financial status, while saving them time and money. Join us with other thought leaders including ELECTRI International and Graybar as they share their perspective on how this continues to affect the construction supply chain industry today
