My Idea For Changing The Construction Company

In this episode, David discusses the idea of changing the construction industry by implementing an incentive program for performance and consequences for non-performance. He shares a conversation with a mentor who suggests that subcontractors should be rewarded with a 5% bonus if they complete their tasks correctly and on time, but also face a 10% deduction if they fail to meet expectations. David contemplates whether this approach would work and seeks input from listeners. He emphasizes the importance of holding people accountable in order to improve the industry.
Keywords
construction industry, incentive program, performance, consequences, accountability
Takeaways
Implementing an incentive program for performance and consequences for non-performance could help improve the construction industry.
Subcontractors could be rewarded with a bonus for completing their tasks correctly and on time.
There could be a deduction for subcontractors who fail to meet expectations.
Holding people accountable is crucial for the success and growth of a construction company.
The construction industry needs to adopt more efficient processes and standards to eliminate waste and improve productivity.
Titles
Holding Subcontractors Accountable: A Key to Success in Construction
Changing the Construction Industry: Implementing an Incentive Program
Sound Bites
"The only way to change the construction industry is to have an incentive program for performance and consequences for non-performance."
"If subcontractors complete their tasks correctly and on time, they could receive a 5% bonus."
"Subcontractors who fail to meet expectations could face a 10% deduction."
Chapters
00:00
Introduction and Project Update
03:24
Implementing an Incentive Program
06:05
Holding Subcontractors Accountable
11:25
The Importance of Holding People Accountable
19:38
Challenges and Considerations
22:51
Hiring a Superintendent for Accountability
AI show notes are experimental. Did you find them useful?

[@Roninbuilt]

I like the idea, not sure clients or Subs would go for it. Sub’s bid price includes completion to specified standard. No bonus, their profit is baked in. Penalty comes from withholding final payment due to non-performance or back-charging for repairs… Super’s job is to check for quality and completion prior to final payment. Project Slack Time placed between tasks should accommodate for last minute fixes or repairs. Construction industry isn’t broken. It’s lack of trade talent and ground level incentive. Rewards should be issued for performance at the ground level to the actual guys doing the work by their employers. Many of the laborers are underpaid and thus stop caring (at best).

[@davidwintzer]

I love this response. Truly, appreciate you giving such an in depth insight. I 100% agree with you. Looking forward to finding some version of this work in our industry. Thank you for your input!- David