Page 19 - Report- Procure 2020 FMi INDUSTRY

2020 FMI INDUSTRY REPORT

Do you have a formal software program in place
for the following?

All respondents (n=666)

PROJECT FINANCIALS 15%
(e.g., change orders, 68% 17%
forecasting budgets,
subcontractor and
client invoices, etc.)
PROJECT MANAGEMENT 58% 26% 16%
(Excluding project financials.
e.g., RFIs, submittals,
drawing markups, etc.)
55% 30% 15%
SAFETY RISK MANAGEMENT

48% 35% 18%
EQUIPMENT MANAGEMENT

47% 36% 16%
FIELD
LABOR MANAGEMENT

YES NO I DON’T KNOW UNSURE

How Firms Are Leveraging modifier rating, making them potentially ineligible
Construction Software for certain projects. In a hyper-competitive
market—driven by risk management or avoidance
The industry’s top concern for success—jobsite and 2-3% net margins on average—it is no
safety—is being leveraged most effectively, and wonder that safety is the industry’s top concern
producing the best ROI. and a place where contractors strive to perform at

the highest level.
Safety performance is perhaps the most critical
component for a contractor to maintain their Clear and timely communication is essential for
license, secure affordable insurance coverage, maintaining a safe jobsite—and can be improved
obtain bonding, prequalify for projects, and recruit dramatically with technology. The right solution,
and retain talent. In addition to the financial with good mobile accessibility, empowers field
impact associated with OSHA fines and lawsuits, teams to quickly report any potential safety
a succession of safety violations or one major issues they witness, while also providing quick
infraction will affect a company’s experience access to safety information when needed.

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