Mexican-born construction workers aren’t traveling to the United States in the same numbers they used to, according to data from the US Commerce Department. There were 1.89 million Mexican-born construction workers in before, but just 1.32 million last year.

Tighter immigration regulations may be only part of the equation, according to new research by house building industry expert John Burns Real Estate Consulting Inc. Many people may just prefer to work closer to home given that similar job options are becoming more common in several Mexican states.

Whatever the cause for the absence of many Mexican-born workers, the sector is feeling the loss of over 570,000 experienced personnel. The strain is being exacerbated by a 28% drop in US resident specialty trade contractors, which is being compounded by growing construction start rates for the year.

When labor prices rise, one option is to include them in your bid and pass the cost on to the client. But what if you could offset increased labor expenditures by cutting costs somewhere else in your business? As a result, you’ll be able to submit a more competitive offer when compared to other contractors who are simply going about their business.

Investing in Fund Control‘s unique fund control software is a good method to simplify your business and cut expenses. This construction management software has the ability to save money in three key areas.

Administration

You’ll be surprised at how much time your personnel can save just by switching to our single-entry fund control software. All of the documents you’ll need, including proposals, cost estimates, budgets, contracts, RFIs, and more, may be prepared using the system’s templates. To keep organized as projects progress, it’s simple to update and manage several versions of a document.

Work in progress reporting

Our fund control software can track approximately 1,000 data points, allowing you to take your work in process reporting to the next level. You’ll always know where your project stands with online access to real-time data, which reduces the risk of overpaying a supplier or underpaying a customer.

Payroll

Do you outsource your payroll administration to a third party? Stop! Using the functions currently included in our software package, you may manage your own payroll.

These are only a few of the ways we can help you save money. If you are ready for a free demo, contact Fund Control at 800-625-5972 right away.