The electrical contracting industry is continually adapting to meet the demands of a rapidly changing construction environment. Incorporating advanced tools like Building Information Modeling (BIM), virtual design and construction, and connected systems has become crucial for staying competitive. Electrical contractors who have integrated specialized construction software into their operations are better positioned to streamline workflows, enhance project accuracy, and ultimately, achieve greater success.
CMiC Project Management for Electrical Contractors
CMiC Project Management equips electrical contractors to efficiently oversee every aspect of their project operations. The platform streamlines collaboration with all stakeholders, simplifies supply chain management, and ensures easy access to project documents. Additionally, CMiC’s robust financial features enable teams to refine resource planning and improve forecasting accuracy. By leveraging these capabilities, electrical contractors can successfully deliver complex projects under demanding timelines — meeting specifications, maintaining schedules, and staying within budget.
Key Features and Business Benefits: How Mechanical Contractors Benefit by Using CMiC’s Project Management Applications
Application | Features | Business Benefits |
|---|---|---|
Financials | Accounts Payable | Streamline approvals, minimize bottlenecks, and accelerate invoice processing: - Automate invoice approval processes through configurable workflows and approval routing - Approval hierarchies, thresholds, and notifications to relevant stakeholders |
Human Capital Management | Crew Time Capture | Effectively control labor costs and maximize crew productivity: Our adaptive mobile security gives foremen and superintendents the ability to track labor, equipment, and materials against validated jobs — all with full cost codes and financial breakdowns |
Asset Management | Mobile POs / Material Receiving | Streamline the creation, submission, and approval of purchase requisitions from the field, ensuring efficient communication, and reducing manual paperwork |
Project Controls | Forecasting | Forecasting project timelines, costs, revenues, and cash flows. View detailed forecasting at various levels, such as project, phase, or task — this enables the accurate prediction of project outcomes and financial performance. |
Project Controls | Productivity & Units | Track units and labor hours against units completed to measure productivity, on top of tracking costs |
Project Controls | Work Order Billing | Track labor, material, equipment, subcontract costs, and revenues for quick turnaround jobs |
Project Controls | Job Billing | Track and bill for labor and materials based on actual time and costs incurred |
Project Controls | Reporting | Easily report on contract profitability, tracking of cost variances, and the monitoring of billing performance through dashboards, reports, other visualizations |
Workflows | Leverage our automated construction workflows for various processes, including project initiation, change order requests, purchase approvals, submittal reviews, and payment authorizations |
Customer Spotlight: Iovino Enterprises, LLC
Established in 2006 by its founder Thomas Iovino, Iovino Enterprises, LLC, is a leader in civil, electrical, mechanical, track, remediation, and demolition infrastructure. With headquarters in Great Neck, New York, this parent organization has a suite of companies under its umbrella, serving both the public and private sectors. From a service offering perspective, Iovino specializes in construction management, consulting, business development and strategic planning. Since its inception, the company’s heavy civil and specialty contracting divisions have become the firm’s leading business lines. Key customers within the Iovino family include TC Electric, Welkin Mechanical, J-Track, and MLJ Contracting. At the top of their customer list is the Metropolitan Transit Authority, which constitutes 80% of their total project work.
“One of the key differentiators about CMiC … was that its platform is built on a comprehensive database where we can track both our financial obligations and as well as our project management obligations in one pane view ... Deciding to go with CMiC was the best decision for Iovino.” - Gustavo Monne CIO Iovino Enterprises, LLC.
Key Wins
The list of key wins for Iovino includes the following:
They currently leverage the DW functions website as a data warehouse, using its capabilities to access API data for their applications and generate HTML-formatted reports.
By leveraging CMiC’s capabilities, key Iovino team members created a tool called the Cost Variance app, which plays a pivotal role in facilitating efficient reviews of cost reports, saving time, and identifying any modifications that need to be made.
Iovino created a comprehensive set of reports, which are generated based on specific criteria and leverage relevant datasets extracted from CMiC.
Utilizing their Cost Variance app (which leverages the CMiC Contract Forecast API in the backend) to identify problematic cost codes, further reinforcing its ability to streamline the cost review process.