High Demand, Short Supply: Combating Today's Market as an Industrial Contractor The industrial construction industry is booming with tons of recent projects being commissioned by both private and government entities—and there are more to come. For your average construction worker, this is great news. There’s plenty of work to go around. But for your procurement team, more projects means increased competition for the industrial construction materials needed to complete your builds. This competition is especially tense right now because of all the supply chain disruptions caused by the COVID-19 pandemic.
When it comes to large construction projects, working with an experienced material distributor is imperative to the successful completion of the project. The partnership you establish with your distributor has the power to be the make-or-break difference between your build going smoothly and on schedule, or your project suffering major delays and accruing extensive unplanned expenses. More than that, working with a seasoned material distributor brings many benefits to your project, including reliable network connections, access to high-quality stock, project planning guidance, and around-the-clock service. Continue reading to dig deeper into...
Let me guess—you needed material for your project and due to material shortages or oversight, you struggled to complete the project on time. You had to aggressively throw money and resources at the end of the job to complete the project on time. Stress levels were high, feelings were hurt, and you vowed to never do this again.
For more than two years now, the construction industry has been dealing with supply chain issues, such as product shortages and shipping delays, due to the ongoing COVID-19 pandemic. These disruptions have caused a variety of other problems in turn, including price hikes, expensive and lengthy project delays, and widespread use of lower-quality materials.
One of the biggest reasons that EPC projects experience delays is that the materials for the project aren’t available on the construction site when they’re needed. When that happens, it disrupts your timeline and can lead to major financial losses. In order to know how to address material shortages when it occurs, it’s important to understand the reasons why this happens.
Over Memorial Day weekend, Troop Industrial team members, customers, family, and friends participated in the annual Kilo 19: A Walk to Remember event in Galveston County, Texas. This event was originally founded (and is still organized today) by Army Veteran Ken Meyer and his wife, Judy.
Overseeing a project from start to finish often yields a sense of achievement. Seeing a project come to life makes an entire construction team feel accomplished. Everyone loves a success story, but the bumps along the way can disrupt your team’s progress. Being a leader means you must anticipate both the triumphs and conflicts at any stage of your industrial construction project. Stay ahead by avoiding these three common mistakes in industrial contract planning.
Industrial contractors continue to face challenges with labor scarcity, inflation, and product shortages. Signs of recovery for industries in commercial and industrial construction face risk from ongoing supply chain disruptions. Staying ahead of the curve on your next project requires finding a distributor that understands how to tackle these issues with effective approaches. Be certain that the distributor you partner with considers these important approaches to prepare for any project supply needs.
According to the Association of Builders and Contractors, overall construction input prices are up 22.3% from a year ago and nonresidential construction prices are up 23.2%. Pricing and availability of building materials, along with the supply chain, remain an immediate challenge for engineers, procurement managers, and construction managers. At Troop Industrial, we provide material and services to EPC clientele executing mega projects as they draft from concept to completion. Stay ahead of the competition by considering these six products that EPCs can’t get fast enough.
When you need to deliver world-class performance on an EPC project, partnering with a world-class Team is imperative. The benefits of collaborating and aligning with experienced professionals: Predict and prevent pitfalls/bottlenecks Understands and actively supports the scope of work Meets timelines Finds ways to reduce job costs Positively impacts job performance Positively impacts the schedule Positively impacts profitability