WFM WORKFLOW WEBINAR SERIES
Pursuit Labor Forecasting & Backlog Management
Hosted by: Louis Gelinas
RIVET Co-founder & Director of Product
Special Guest: Dustin Weller
Carlton Electric Director of Field Operations
Thanks for being here! Welcome to our first RIVET Product Team Webinar Series. Welcome to the contractors currently using the RIVET Platform, and also welcome to everyone else here to learn about Pursuit Forecasting and Backlog Management.
So why are we talking about Pursuit Forecasting? Because we hear consistently that contractors don’t only struggle when there’s not enough work, they lose profits when they become overextended with more work than they can perform profitably.
Here we cover how having a strong forecasting practice leads to choosing the right projects and knowing which to avoid. We truly believe these strategies can create better business outcomes for all of you.
Watch the recording below:
Review the training materials:
This training is for anyone who cares about Labor Forecasting in construction. We’ll get deeper into that in a little bit. But if labor is a big part of your business, then forecasting is probably essential for your business and your jobs. This is for you.
Our mission at RIVET is to enable every self-performing contractor to have a labor plan that they can execute against that improves their bottom line.
We define Pursuit Forecasting as: How you balance your existing committed work against your potential pursuits.
Without software:
- Maintain pursuits in a spreadsheet or opportunity CRM tool
- Get surprised when you’re overextended or underloaded
- Operations takes a “swag” at whether you can staff that bid
- This is difficult, not real-time, and prone to errors
With the RIVET Platform:
- Best-in-industry forecast and labor planning tools
- Monitor labor utilization in real-time and see capacity surges or gaps
- Scenario plan which bids to chase
- Single source of truth for your estimating, project management, and operations team to collaborate
Labor planning allows project managers and project stakeholders to identify the future labor demand of a given project. The labor plan is a “living plan” that needs to be constantly updated in response to job productivity insights, jobsite changes outside of the contractor’s control, and worker availability changes.
When you aggregate the labor plan for each of your jobs, your business’ leaders can gain comprehensive insights on the business’ performance and forecasted future needs. These future insights are the holy grail of construction workforce management and represent a mature business practice.
The frequency of Forecasting labor doubles with the RIVET Platform.
- Adopting a Workforce Management platform has led to a 2x increase in how much of the total labor scheduled is first forecasted.
- This drives overall productivity across the business.
- Adoption of Forecasting has significantly increased in the RIVET Platform with the release of new pursuit forecasting features.
- More and more large projects have labor plans in the RIVET Platform.
- We know that having Labor Plans and an intentional ramp up and exit strategy increases the likelihood of productivity and profitability on projects.
1. Forecast high probability pursuits.
2. Always have a Labor Plan in the software.
3. Stick to your exit strategy.
Get Started Today
Construction labor challenges can be greatly reduced with the right software