After the impressive growth figures posted in period 5, not unexpectedly period 6 proved to be a much tougher quarter.
This was largely driven by the companies being unable to win as much work as they had previously, with the corresponding
reduction in forward workload and margin KPIs.
However, encouragingly every team were able to post positive growth figures, and none more so than
"I.P Construction", whose outstanding 18% improvement enabled them to climb 5
places up the table and into 3rd place, and closing in on the "Boost Construction Team",
who remained second, with "Aspire Build" continuing to lead with
1,574 pts, as they have extended their lead to 100 points from the chasing pack.
With KPI points hard earned it will become increasingly important that the management teams look very
carefully at every aspect of their business for potential improvements, and those that are most successful in
doing so should prosper the most. Two areas that the teams need particular attention are
Marketing strategy and Procurement (rival bidders), which are discussed in more detail below.
Marketing is possibly the area of the business that requires the most thought,
as there are numerous strategies that could be adopted. The market trend can only be gauged for one year ahead,
and not always accurately, and as marketing departments are expanded, the choices of where to direct the
marketing effort are wide ranging, by sector, country and job size. The task is not an easy one, but has
a major impact upon procurement options, and the future work undertaken, and ultimately on the long term
prosperity of the company.
Another important consideration is that rival bidders do not necessarily stick
with the same bidding strategy, and as time goes by they can change their strategy according to market conditions.
This makes it imperative that teams keep a close eye on the margins rival bidders are applying, and how they may be changing.
Evaluating these strategies could make the key difference between success in securing work, or not.
To complicate matters even further there may be UNKNOWN rival bidders, and the
only clues to these may be in the ENGINUITY NEWS NETWORK (ENN) for the period.
League table at the end of period 6
Improvements, or otherwise, during period 6
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