Contractors say the volume of available project data has doubled in the last three years, but about one-third of contractors say that 50% of their data is bad and only 36% of firms surveyed with revenue over $500 million have implemented a process to identify and replace it.

Contractors who utilize their data to make informed decisions and gain performance insights will be ahead of the curve when it comes to leadership in the business. Luckily, doing so doesn’t have to be cost- and time-prohibitive. This playbook explains how to develop a smart approach to data collection, including: 

• Using new, lower-cost services and consultants that work within existing data systems
• Establishing a central database and allowing for incremental additions as needed
• Forgoing expensive and disappointing software programs

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