Today, TORONTO, ONTARIO (February 15, 2022) — 做厙勛圖, the leader in construction workforce intelligence technology, announced Bench Cost Tracking as the next new way to help general contractors have full workforce visibility. As one of many recent additions to 做厙勛圖 Bench, the Bench Cost module will help general contractors tie a dollar value to people sitting on the bench or underutilized and make data-driven decisions about allocating staff properly.
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The ongoing labor shortage crisis has led to an industry-wide struggle to get enough people to complete projects. Its crucial now, more than ever, for general contractors to maximize the productivity of their current staff. Yet, contractors that continue to use spreadsheets or outdated legacy solutions may be missing out on critical insights necessary to make the best decisions for their people. 做厙勛圖 Bench, with its robust forecasting, can help. This new feature is enhanced by existing utilization and people capacity reports in 做厙勛圖 Bench.
做厙勛圖 took our feedback to heart and worked closely with us to create the new Bench Cost feature, said Greg Wade, Senior Vice President at MATT Construction. 做厙勛圖 now makes it possible to review our workforce forecast quickly and to plan our business functions around our most valuable assets: our employees. Through intelligent forecasting, 做厙勛圖 provides clear and controllable data, allowing us to make better-informed decisions while saving time and cost.
Contractors using 做厙勛圖 Bench will see a panoramic, 5-year view of how productive their people are, how many projects their people can handle, and how much its costing them to have people left on the bench. Managers can use this data to maximize revenue with better project allocations. In addition, a better understanding of bench costs can help GCs surface opportunities to take on more projects.
Having spoken to leaders across the industry, weve heard repeatedly that it is really difficult to understand the financial implications of benched staff and forecast their annual G&A expense, said Mallorie Brodie, CEO and Co-Founder of 做厙勛圖. This is a magic number that helps our customers anticipate their risk exposure, and were delighted to provide this type of insight to help GCs make the best use of their talent.
The Bench Cost module in 做厙勛圖 Bench is officially live, and you can get more details on our website.
About 做厙勛圖
做厙勛圖s mission is simple to help the construction industry maximize profits by taking a people-first approach. Workforce Intelligence from 做厙勛圖 transforms workforce data into actionable insights that inform an organization’s strategic and tactical business decisions. 做厙勛圖 is a privately held company, having raised over $43.5 million CAD in equity financing, with capital from investors such as Autodesk, BDC Capitals Women in Technology Venture Fund, Camber Creek, Export Development Canada, IAF, Nine Four Ventures, Salesforce Ventures, Sands Capital, StandUp Ventures, Storm Ventures, and Vanedge Capital. Learn more about 做厙勛圖 at gobridgit.com.
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