Elevate takeoffs for faster bids and increased project success for FREE. See Details Here.

PlanHub’s Q2 Research Reveals Many Opportunities. Register for the Webinar and Learn More

Construction Data Analytics: The Key to Higher Profits and More Work

Construction Data Analytics

Construction is one of the least digitized industries, and it can be a struggle to get construction companies to change their way of doing things. Many contractors, however, are learning that there is real value in digitizing their processes and documentation: they are learning more about their business and how to improve operations.

Data analytics is providing actionable insights contractors need to improve their processes, make more money, and win more work. Let’s take a look at what role data analytics can play in helping your construction firm.

What is construction data analytics?

Construction data analytics is the process of using software and historical data to find patterns and gain actionable insights into construction projects. The software can identify and predict when patterns will emerge, giving the construction team advance notice to take corrective action. Using this data analysis can lead to improved operations and higher quality work.

Other benefits of construction data analysis include increased productivity, more profit, improved safety, and winning more work.

What tools do you need?

To tap into this powerful data science process, you’ll need four tools: data, software, hardware, and training.

  1. Data

Construction contractors are swimming in data, but many don’t realize it because they’re still relying on analog systems to run their companies. Paper documents and analog communication processes make it difficult to analyze the data and identify patterns. But when information is digitized, stored, and tracked in software, the power of the data science begins to emerge.

  1. Software

Contractors that want to take advantage of analytics have to invest in software that is capable of collecting, storing, and analyzing construction data for trends. Don’t be fooled by systems that are designed for other industries. Construction is unique in many ways, and the software you use has to be developed specifically for construction.

  1. Hardware

All employees, at every level, must be able to enter data into the system and read the results of data analysis. This means your construction team must have the hardware data collection, wherever they are. The required hardware includes desktop computers or laptops, tablets, and smartphones.

  1. Training

Finally, once you have the above pieces in place, you’ll need to train your employees on the system, including how to enter project data and interpret the results. The predictive power of analytics is based on getting accurate information from every level of a project. So, it pays to make sure everyone can properly enter the raw data and interpret the feedback the software provides.

Post projects in minutes, drive more business. Find over + 300,000 qualified subcontractors and get to work quicker. Request a demo!

Construction data analytics examples

Construction data analytics helps contractors improve their decision making. Let’s look at three examples of how it can help your contracting business: make better bidding decisions, forecast project cost overruns, reduce operational cost and predict safety hazards.

Make better bidding decisions

How does your construction company decide which projects to bid on and which to pass on? Is it a gut feeling about the project, or have you analyzed your bidding success over the years? One construction company took data from over 100 projects, including location, time and materials contract structure, and profit margin. By analyzing these factors, they discovered project characteristics that influenced their success on the project and how much profit they made. Using this information, they chose to bid on projects that they would be successful on and make more money.

Forecast cost overruns

Instead of just reporting on cost overruns that have already happened, analytics allows contractors to see where the project is vulnerable before it happens. If the entered project data includes productivity measures and manpower use, the software can monitor work progress and predict delays or added costs due to lack of production or other causes. It can also aid in forecasting the number of skilled laborers needed for the project before hiring construction workers.  Events like weather delays and subcontractors who fail to show up on the project can be tied to direct cost increases.

Predicting safety hazards

When safety data is tracked and analyzed, the software can identify dangerous work activities that have caused problems before and warn workers to take additional precautions. It can also directly prevent potential problems like safety and job shutdown issues by tracking equipment maintenance requirements, and warning users about lagging maintenance, minimizing  project risk, breakdowns, or malfunctions.

All contractors can use data analytics to improve their construction firm’s performance, provide safer job sites, and make better decisions when finding new construction projects on construction bidding websites. General contractor software like PlanHub can help you gather the information you need to make your bidding more effective so you can win more projects. Request a demo today to see how we can help.

Be the first to know

PlanHub insights, resources, and news, sent directly to your inbox.

    planhub icon

    Data and Deep Insights

    We make construction smarter by connecting with the right people, at the right time, for the right project.

    With our technology and data intelligence, we empower construction professionals to easily build the right business relationships, streamline pre construction processes, and make efficient decisions.

    From competitive intelligence in each project allowing you to know how many other contractors are downloading or bidding to insights as to contractors’ performance, we provide the data you need to lead your business to success.

    By providing faster, simpler, and unmatched data insights in each step of the pre construction process, PlanHub helps your business lay a strong foundation for the success of the rest of the construction process.

    planhub icon

    Bid Leveler & Proposal builder

    Comparing bids to one another has never been easier. Users can now see bids side by side, compare bid amounts, and review subcontractors’ certifications and qualifications all in one place.

    Bid Leveler’s apples-to-apples approach allows you to easily drill down and see detailed, easy-to-scan cost breakdowns. Indicate bid preference, hide bids that don’t meet your needs, and request needed information from subs.

    planhub icon

    Full Bid Management

    From the initial decision to pursue a project to the final bid submission and follow up, bid management plays a central role in pre construction.

    Effectively managed bids during the preconstruction phase set the stage for a successful project execution and satisfied clients.

    Streamline bid management from project posting to estimating, bidding, and awarding in one place with easy project posting, project-contractor automatic matching based on trades, location, and qualification with PlanHub.

    Use bid planner, bid builder, bid leveler, and award tools to always know what’s going on with each project and bid.

    planhub icon

    Estimation and TakeOff

    Let’s face it—time is money. And the more time it takes to perform takeoffs and submit bids, the more you risk losing out on valuable revenue opportunities. Manual methods and locally installed desktop software slow your takeoff process, and many digital solutions currently on the market can be overly complex and not user-friendly. 

    Build faster takeoffs, get more bids out the door, and win more projects. Forget pen and paper, outdated desktop software, and overly complicated digital takeoff solutions. PlanHub’s easy-to-use Takeoff tool helps you and your team build accurate takeoffs faster, minimize errors and material waste, and win more projects that boost your business growth. Performing your takeoffs with PlanHub allows you to:

    • Streamline and integrate your process: Perform your takeoffs in the same platform you use to manage your network and bids.
    • Avoid costly estimating errors: Get better accuracy with digital tools instead of traditional, mistake-prone pen and paper.
    • Collaborate easily: Share and work with your team, no matter where you—or they—are located.
    • Submit more bids and win more projects: Get quality bids in front of general contractors faster and get ahead of your competition.
    planhub icon

    Document Management

    Organize, store, and manage various documents, blueprints, drawings and other information related to projects before the actual construction phase begins.

    This phase is crucial for setting the foundation of a successful construction project, and effective document management plays a significant role in ensuring that all necessary information is accessible, accurate, and up-to-date to all interested parties.

    Access, review, work on, and share large complex documents in one platform with amazing speed. From project definition, drawing management, takeoff, estimation, bid management, and contracts, everything happens in PlanHub.

    planhub crm
    planhub icon


    Be part of a construction professionals’ ecosystem that enhances collaboration, streamlines project management, and fosters smart relationships between companies, construction professionals, and projects.

    Enjoy seamless communication, build strong relationships, and streamlines project management. By leveraging the power of connections and collaboration, we enhance efficiency, save time and resources, and drive collective growth in the industry.

    planhub network
    planhub icon

    1M+ pre-qualified network

    PlanHub is the leading platform that connects companies, construction professionals, and projects in the pre-construction industry, focusing on building and developing meaningful relationships to enhance efficiency and productivity.

    We have integrated general contractors, subcontractors, and material suppliers’ workflows in one platform to simplify the complex back and forth usually present in preconstruction. By allowing all interactions to be done through PlanHub, tracking projects and relationships is much easier, saving contractors and material suppliers time and money. Interactions in the platform are tagged and measured to provide insights to users.

    General contractors create bid packages that are shared in PlanHub as projects. They can include templatized lists of all CSI cost items as part of the new Baseline feature. Baseline allows for faster and more accurate bid requests, facilitates homogenization of subcontractors’ bids, and simplifies the comparison of incoming bids.

    Subcontractors are automatically matched with relevant projects based on their profile, preferences, and pre-qualification information saving hours of research to both sides. They can review project details, documentation, and blueprints.

    planhub icon

    High-quality projects

    Your one-stop job for qualified hard-to-find private project leads in varying stages like pre-planning, bidding, etc., and across different geographies, zip codes, or distance to your office.

    Projects include plans, specifications, bid dates, and other relevant project information.

    You can segment project leads by type of project, status, project building use, trades and sub trades, or create your own list of keywords — and be notified when one of them is found in a posted project’s documentation or plans.

    We make it simple to find projects that match your business — and make sure you are notified right away.

    					<script src='https://planhub.com/wp-includes/js/jquery/jquery.min.js' id='jquery-core-js'></script>
    <script charset="utf-8" type="text/javascript" src="//js.hsforms.net/forms/embed/v2.js"></script>
        region: "na1",
        portalId: "7063061",
        formId: "ced7254f-5c61-49b9-9ce0-6f870b79a958"

    Get the report!

    From the very beginning, PlanHub has been a place where people can do meaningful work and build strong relationships.

    Come grow with us! We’re building innovative technologies that simplify preconstruction for everyone.

    Expand your network and connect with general contractors, subcontractors, owners, architects, and suppliers – not to mention thousands of relevant projects at your fingertips.

    Generate relevant leads, faster and with precision. With access to private, hard-to-find projects, you can connect with architects and owners on projects still in the pre-design and design stages.

    PlanHub’s advanced suite of bid management tools allows you to increase productivity, identify relevant projects using data, build bids with Takeoff, and manage bids through the entire process.

    Create quicker, improved takeoffs effortlessly. PlanHub’s Takeoff Core aids your team in accurate, faster estimates, minimizing errors, and driving business growth.

    Expand your network and connect with general contractors, subcontractors, owners, architects, and suppliers – not to mention thousands of relevant projects at your fingertips.

    Generate relevant leads, faster and with precision. With access to private, hard-to-find projects, you can connect with architects and owners on projects still in the pre-design and design stages.

    PlanHub’s advanced suite of bid management tools allows you to increase productivity, identify relevant projects using data, build bids with Takeoff, and manage bids through the entire process.