Project management is a hectic task, especially for builders. They cannot be present at every construction site to monitor the progress. Well, you must be wondering then how the top real estate giants are managing construction progress tracking easily without any hassle. The answer is simple: using an all-in-one real estate CRM that simplifies complex business processes and allows developers to manage construction projects remotely.

If your vision is to enter the real estate ecosystem, it’s essential to understand how builders track construction progress in real time. Keep reading this blog to gain insights into real estate project monitoring and online construction solutions for builders.

Role of Digital Transformation in the Real Estate Industry

The real estate and construction industry is expanding rapidly, and technology is the main driver behind it. Digital tools and software help builders track construction progress in real time. According to the Autodesk and Deloitte State of Digital Adoption in the Construction Industry report, companies are shifting their focus towards digital technologies.

Leveraging such tech is an online construction solution for builders in simplifying project deliveries and optimizing internal processes. Additionally, after using CRM software, developers were able to save costs and manage the financial aspect without any hassle. This clearly states that digital transformation was only possible after using an all-in-one real estate CRM that fits the builders’ and clients’ expectations.

Why Real Estate CRM is the Need of the Hour?

There is no doubt about the fact that a productive real estate CRM is the need of the hour and not an option. With its help, construction progress tracking and execution become easier. Here is how it can help you in the long run:

Project Management Solution

How builders track construction progress is no longer a question. The answer is that project management software helps developers centralise all the data of ongoing and upcoming projects. Builders can manage CLP payments and track multiple stakeholders all in a single place. Gone are the days when developers kept flipping spreadsheets to evaluate everything, when everything is available under a centralised dashboard.

Material Management and Real-Time Communication

Construction progress tracking becomes simpler for builders when they know a real estate CRM like HomeLead will track all the material requirements. Additionally, it will update if there are any discrepancies. Furthermore, such software facilitates real-time communication and makes the entire process smooth without any halts that can disturb the entire construction cycle of the builders. Here, developers can manage and track construction flow with full control and monitor site-wise material consumption daily.

Finance Management

Real estate project monitoring is not at all an easy task, especially when it comes to managing the finances. From the finalised payments and project budgets to overdue payments, builders need to keep track of everything. This is when an all-in-one real estate CRM comes into place. It streamlines business finances and helps developers track corporate and on-site payments. Additionally, it facilitates monitoring project-wise spending and generating quick financial reports.

Simplifies Document Management

Document management is an online construction monitoring solution for builders that simplifies and supercharges the documentation process. In construction, the need for compliance and documents can arise at any time; therefore, such systems offer 24/7 document support tools. Also, developers can auto-generate documents like a completion certificate, sales deed & agreements in seconds. Furthermore, you can upload all the documents and make documentation a growth engine.

Performance Monitoring (Reports and Analytics)

Are you still using bookkeeping methods for generating reports and measuring the performance of your real estate business? Well, if yes, then your business may suffer because of being outdated. To transform the same nowadays, an all-in-one real estate CRM like HomeLead is used, where builders can track, compare, and decode business data on a single platform. From monitoring real-time inventory insights to viewing lead sources and measuring ROI per channel, developers get insights that drive real action.

Steps for Real-Time Construction Progress Tracking

For a builder, real-time construction progress tracking becomes crucial. Several areas require attention, and to simplify the same, we have jotted down the main points. By following it, developers and real estate professionals can double their efforts and increase efficiency.

Set Attainable Goals

In a real estate project monitoring, set a baseline prior to starting a project. Clearly define your construction project’s budget, schedule, and scope from the start. It sets a benchmark for future construction project tracking.

Track Updates

Maintain a structured flow for capturing real-time data that depicts actual progress. Construction progress tracking methods include field observations to monitor the actual work being done on the site. Furthermore, it has the feature of digital logs and forecasting to anticipate future schedules.

Make a Comparison with the Set Goals

After receiving the data, construction progress tracking becomes easier. Builders can evaluate their performance according to the set benchmarks and identify scope for improvements, if any. By doing this, they get a real-time analysis of how their project is performing and what strategies will help them achieve desirable results.

Decision and Communication

A real estate CRM helps builders and real estate professionals in making data-driven decisions. If developers find any discrepancies in the project, they can adjust it accordingly. Furthermore, various types of CRM facilitate performance and analytics features, making builders future-ready.

To Wrap Up

For scaling your real estate business, you need efficient tech like an all-in-one real estate CRM with manpower that works in your favour. HomeLead is the best CRM software designed to provide a solution to the pain points of developers and real estate professionals. From document management to contractor management, everything is managed seamlessly.

Now developers don’t need to monitor the progress by visiting the site, as the prop tech can help them monitor everything remotely. If you also want to be a smart real estate organisation, then book a free demo session today with our experts.