Tools of the trade: Contractor benchmarking tool

Ever wanted to compare your building business to others? Want to know which areas you're excelling at and which areas you are uncompetitive in?

Master Builders and Deloitte Benchmarking have developed a tool that you can use to benchmark your commercial building business against others. It's also free for Master Builders members, so this is a great tool to play with and see if you like it!

You enter your operating data - revenue, costs, overheads, lost working days, staffing data, number of active projects and operating data and receive benchmarked scores on a quarterly basis. This has been done in the automotive industry and the results were great - the businesses that used it showed improvement over time.

Check out the video, play with the tool and let us know what your experience has been…

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