GUIDE: Construction Industry Benchmarking

Dec 13, 2021Construction & Real Estate, Guides

Is your construction company performing as well as its industry peers? Construction benchmarking is an essential tool for business owners looking to improve their overall performance. The process involves measurement and comparison to specific standards to support systematic improvements in productivity.

BELOW ARE BENCHMARKS FOR FIVE MAJOR SUBGROUPS IN THE CONSTRUCTION INDUSTRY:

Commercial Builders
Homebuilding
Electricians
Heating & Air Conditioning
Plumbing

Note: Every construction company is unique, and the standards below will not apply to all. These metrics should be used as a guideline. Statistics and information was provided from the IBISWorld Industry Reports.

Blank

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

Industries

Construction & Real Estate

Professional Service Firms

Services

Employee Benefit Plans

Estate & Retirement Planning

Subscribe to our Blog

Related Industry Posts

How to Improve Your Construction Company’s Profitability

Improving your construction company’s profitability is vital as profit reflects a company’s stability. Higher levels of profitability encourage continuous growth and sustainable expansion.Improving profitability can be achieved by adopting effective strategies and...

A Guide to Planning Your 401k Audit

Many business owners offer a 401k plan to their employees. It is a great way to help employees save for retirement, and it allows the owner to contribute to their account as well. It can also be an attractive benefit for hiring and retaining employees in the current...

Tax Strategies for Real Estate Developers

Despite the positive outlook for sustainable real estate investments, the market is uncertain. Real estate is traditionally a hedge against inflation and provides steady income even during a recession.

SEND US A MESSAGE

We appreciate your interest in Smith Schafer and would love to hear from you. So please complete this form or feel free to email us directly at: [email protected]