In 2022, many industries are still being adversely affected by Covid-19. However, pandemic conditions in one form or another will likely have to be managed as we progress into the foreseeable set of financial quarters, even years. In this eGuide, Payapps explains how construction companies can thrive in a post-pandemic environment
Coronavirus-related challenges in the construction industry have been widespread. From complying with government regulations, dealing with project shutdowns or suspensions, and handling travel restrictions to managing depleted workforces and health concerns, material supply chain disruptions and rising costs, and even business insolvency.
Is your construction company ready to switch from survival gear to thrive mode?
For many people in the construction industry, the toughest leadership test is now creation. The next phase approaching is one of consolidation and stabilization. What cultural, organizational, and operational shifts should you prioritize and what technologies should you invest in?
How can you bring your business back to succeed and grow in an environment where vaccine rollouts are continuously being tested and parts of the economy are still reeling?
How companies can switch from surviving to thriving
Construction companies and contractors who have been able to quickly reorganize, ramp up for new projects, and adapt to timeframes that keep changing will find it easier to adapt post-pandemic. This agility has been vital during the pandemic and will be essential in the future.
This eGuide explores four strategic areas your business can focus on to help facilitate the switch from surviving to thriving as you lay a new foundation for continued success and innovation in an evolving post-pandemic environment. This includes:
- Rapid Recovery of Revenue
- Prioritizing and Acting on Mental Health
- Rebuilding Operations and Rethinking the Organization
- Accelerating the Adoption of Digital Solutions
Payapps is a collaborative online solution, shared by contractors and subcontractors, that standardises the complete valuation process, streamlining the submission and assessment of construction applications for payment.
It replaces an inefficient and error-prone manual method with an innovative, accessible online process that is simpler, faster, fairer and more transparent, ultimately keeping contractors and subcontractors commercially aligned throughout a project’s lifecycle.
Download your free eGuide to learn how to advance your post-pandemic recovery with Payapps.