The Challenge Faced by Conseco Group
As Conseco Group, a commercial construction management firm, expanded their business, they encountered industry challenges such as tight margins, fierce competition, and unexpected economic events. Inefficient budget management processes, disorganized bid tracking, and difficulties in managing project changes and turnover were common obstacles. This led to financial losses, difficulty in presenting comprehensive proposals, and delays in project timelines.
The Solution Provided by RedTeam Go
Conseco Group turned to RedTeam Go for a comprehensive construction project management solution. RedTeam Go revolutionized Conseco's budget management process by offering a cloud-based system that seamlessly integrates budget management, vendor contracts, and changes. The centralized bidding module improved the efficiency of tracking bids and presenting well-documented proposals to owners. Additionally, the user-friendly interface facilitated smooth transitions during employee turnover, reducing training time for new team members.
The Results and Impact of RedTeam Go on Conseco Group
With the implementation of RedTeam Go, Conseco Group experienced significant improvements in their operations. Real-time budget updates and streamlined processes increased accuracy and speed in budget management, leading to a 2% increase in project profitability. Moreover, Conseco achieved a 50% bid success rate by utilizing RedTeam Go to showcase due diligence and the value of their proposals to clients. Projects stayed on track even through turnover, as the centralized documentation and intuitive interface ensured project continuity. Conseco Group also benefited from increased agility, reducing anxiety during unexpected changes and managing multiple project changes efficiently.
Success During the Pandemic Using RedTeam Go
RedTeam Go proved crucial for Conseco Group during the pandemic, allowing them to successfully complete multi-million-dollar projects for clients despite scheduling challenges, a smaller staff, and economic downturn. By leveraging RedTeam Go's processes and workflows, Conseco managed to complete $80 million in projects in one quarter, a feat that wouldn't have been possible without the solution.