Industry Digest: Construction Specialty Contractors: Carpentry and Flooring Services

SUMMARY

Carpentry and flooring contractors work as subcontracted labor within a larger construction project. They are also hired independently for new and renovation construction jobs. These businesses must closely watch the construction and housing markets to respond as industry demand shifts. Some companies see the benefit of proactively manufacturing materials to gain more control over price fluctuations.

Training, certification, insurance, and bonding must be maintained to remain eligible to win contracts. Specialty contractors using legacy ERP or entry-level accounting applications struggle to keep up with today’s document-heavy construction industry. Siloed systems that do not communicate with each other create gaps in communication. Lack of integration across departments with disparate accounting, estimating, project management, payroll, and compliance solutions cost time and money. Additionally, physical paperwork in the field makes it difficult to react to customer needs promptly.

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This Industry Digest gives a detailed picture of the carpentry and flooring installation industries. Take a deep dive into industry growth projections and trends. Learn how to alleviate common specialty contractor challenges, get a specialty construction ERP checklist, and access industry-specific resources to help you grow and thrive in today’s competitive construction economy.

Carpentry and Flooring Industry Digest