Critical Impacts of Procurement on Cost Management


May 24th at 11 am PST / 2 pm EST


How digital procurement results in effective cost management and financial tracking


According to data from the National Electrical Contractors Association (NECA), 34% of every subcontractor’s job cost accounts for the cost of materials. Moreover, research has shown that approximately 40% of the labor on a job goes to material handling in some form, giving a potential of almost 17% of the revenues that can be converted from the cost of labor to bottom-line profits. In reality, 100 percent of the time spent on material handling cannot be recovered by the contractor, yet, reducing overhead and improving tracking has a dramatic impact on the project management and financial results.

In this webinar, hosted by StructShare + Procore, we will have a broad discussion about the importance of automating the procurement process to give contractors real-time visibility into their costs and project financial status, while saving them time and money. Join us with other thought leaders including ELECTRI International and Graybar as they share their perspective on how this continues to affect the construction supply chain industry today

Key points


Various touch points where procurement impacts your job costs management and productivity levels


The true implications of traditional procurement methods on project margins and financial management


Effective ways to better connect procurement data to project budget

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Dave Moeller

Graybar, Director of Customer Markets

Josh Bone

Electri International, Executive Director

Travis Stensby

Procore, Partner Integration Manager

Or Lakritz

StructShare, Co-Founder and CPO


Noam Karoly

StructShare, Director of Customer Success

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