Licensed contractors are taking on more work than ever before. Alongside the overall growth in the construction industry has been the growth in competition between contractors, even among seasoned vets. Simply speaking, “industry growth” isn’t to blame for contractor-to-contractor competition. So, what is?
Competition between contractors is mostly due to the adoption of technology in the industry, with the lead competitors embracing digital trends with open arms.
Should the Industry Avoid Contractor Competition?
According to Construction Executive, contractors who want to improve efficiencies and remain competitive in an over-saturated market have to embrace digital trends in order to keep up with their peers and the fast-paced growth of the industry overall. With multiple options in the field that allow contractors to include tech in their practice, contractors are better able to lay groundwork that improves efficiencies while increasing competition between one another. Overall, technology in a growing industry helps to grow and maintain improved construction businesses, and shouldn’t be avoided.
Remain Competitive with DrawAlert
Friendly competition between contractors can actually lead to improved efficiencies across the board. A simple and effective way that DrawAlert remains transparent and urges contractor competition is with the peer-rated directory and scorecard. These tools help to identify and attract best-practice contractors across all 50 states, increasing competition between contractors and creating a more diversified field. Because owners, prime contractors, and subcontractors submit ratings for one another, overall project success is easier to identify, along with the best-of-the-best contractors for your next project.
Technology has arrived in the construction industry, and it’s here to stay. For contractors looking to remain competitive in the field, adopting technology early is the best way to develop and sustain business.
A DrawAlert Certified Project supports a professional and respectful business relationship between all stakeholders. To learn more about the peer-rated directory and project scorecard, contact us for a demo today.