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Construction Niche
April 2, 2018
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The ever growing need for housing coupled with an increasingly competitive marketplace poses a myriad of challenges to the builders of old. How do we build faster, cheaper and better and still maintain a profitable margin?
Like so many other industries I believe the answer is NICHE.
Being a specialist in one single area of construction is proving to be more profitable than owning it all. Foundations, insulation, retaining walls, Gib Fixers, metal facia and guttering etc...
Each capable of servicing their niche cheaper, faster and to a higher level than an old school chippy trying to doing everything himself.
Being a builder, a project manager and an entrepreneur makes me always question how can we do better. I believe that the niche is that answer. Better buying power, higher skilled labour, lower risk all contributing to better margins with higher turnover for each niche.
Having an effective team of specialist suppliers and sub contractors instead of one trade to rule them all....