We’ve talked about the skills shortage affecting the UK construction industry previously on the Eque2 blog, but with 60% of construction SMEs struggling to hire bricklayers and 58% having trouble finding carpenters and joiners, the shortage is showing no sign of abating.
According to statistics from the Federation of Master Builders’ State of Trade Survey 2017, 40% of respondents are experiencing the worst skills shortages since 2013, while a separate study found that 43% of vacancies in skilled trades were simply down to skills shortages.
Without delving into the driving factors, the knock-on effect of such a prolonged and drastic shortage of skilled labour is loss of profits for many SMEs. But with the right software, like Eque2’s Construct, to help manage your cash flow, you can avoid the squeeze of the skills shortage.
Budgeting, costing, processing
With tailored and customisable templates, Construct for Sage allows you to easily set up and track jobs, using real-time information to ensure all information is up to date, making job costing and contract budgeting easier and more accurate.
No more subcontractor stress
Poor subcontractor management is the easiest way to lose precious profits. With construction management software, you can pay subcontractors when and how best suits you, and with online CIS verifications and CSCS tracking you can be certain that you only employ the highest-quality subcontractors at the best rates.
As there is a risk of increased spending on labour due to the skills shortage, it’s more important than ever to ensure you have the solutions in place to effectively manage your business’ cash flow. Eque2’s Construct for Sage is the construction industry’s most popular contract cost management solution for SME’s because it allows you to run your business with greater efficiency, allowing you to improve margins and save both time and money.
You can find out more, and discover how Eque2 software could help your business, here.