Reasons Why Bills of Materials are Important For General Contractors and Subcontractors
Imagine someone trying to make a cake without a proper recipe. It is the recipe that provides the list of ingredients, along with specified quantities required to make the cake. It entails specific instructions on how the ingredients are to be combined, baking temperatures, cooking times, etc. Without a full recipe, the cake is likely to be a flop.
Similarly, every construction project requires a list of different materials required to complete a project successfully. This list, known as the Bill of Materials or BOM, allows the efficient utilization of material, labor, and equipment. The exercise of defining a detailed list can be broken into different phases for large-scale projects, but it is incredibly helpful in avoiding many common problems pertaining to insufficient order quantities, out-of-stock situations, and other factors leading to delays in project completion. BOMs also assist with defining the project’s overall costs.
Benefits of Effective BOMs
#1- Bill of Materials Help Boost Efficiency
The primary benefit of BOMs is that they help identify all the inventory stocks, including subassemblies, raw materials, and components needed to complete the project successfully. Therefore, BOMs help to ensure greater and much more efficient inventory control.
#2- Bill of Materials Help Reduce Waste
Bill of Materials helps to determine avoidable waste. Once they have complete knowledge about every component needed in every step of the construction process, the operations teams can make proper trade-offs between cash flow, time, inventory control, labor, and so on, throughout all stages of the construction project.
#3- Bills of Materials Help Manage Production Costs
BOMs are useful in identifying the basic costs of labor and material needed. Once these are known, contractors can identify the most cost-effective way of completing the project on time.
Who Makes BOMs?
Many general contractors rely on subcontractors for takeoffs and reviewing the discrepancies. There has always been a struggle between estimations and project management. The estimator needs to understand how to do the work of each trade to provide an accurate takeoff. However, when a professional understands each part of the project, they prefer to dedicate their valuable time to other tasks rather than being bogged down by estimates.
Changing The Game
The key to solving this issue is partnering with a reliable outsourcing firm, like ADDMORE Services, to connect with qualified professionals that use advanced BOM software like PlanSwift, to eliminate errors, prevent delays, and omit unusable inventory or out-of-control building costs. ADDMORE Services houses a team of qualified quantity surveyors and estimators that possess extensive experience and knowledge of using cutting-edge digital estimating software to determine quantities of work and overall scope after carefully analyzing the overall objectives and plans of the project.
Our experts utilize the best practices for curating BOMs to promote informed and timely decision-making while highlighting areas for quality enhancement, improved efficiency, and boosted cost-effectiveness. Our professional estimators will help add value to your projects like never before.
Schedule a consultation with us to leverage the benefits of professionally developed BOMs. Our top-notch offshoring and outsourcing services are available to clients in the Republic of Ireland, New Zealand, the USA, the UK, Australia, the Middle East, and various other countries worldwide.
Our team can help you take your projects to the next level with an extensive range of solutions, including architectural drafting services, 2D and 3D CAD drafting Services, Revit design services, takeoff estimating services, real estate rendering, construction project management, architectural 3D visualization services, construction cost estimates, Primavera modeling services, Building Information Modelling services, and more.