Frequently Asked Questions
What is construction benchmarking?
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Construction benchmarking compares project costs, timelines, and performance metrics against industry standards or similar projects.
Stonehaven uses real-world benchmarks to help developers evaluate efficiency, reduce costs, and improve delivery outcomes.
What is the purpose of benchmarking in construction?
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Benchmarking helps identify performance gaps in cost, time, quality, or resource use, enabling teams to improve future project outcomes.
Stonehaven provides benchmarking analysis that drives smarter decisions across the project lifecycle.
How do you analyse benchmarking data in a construction project?
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Benchmarking analysis involves collecting project KPIs, comparing them to historical or industry data, and identifying areas for optimisation.
Stonehaven delivers structured benchmarking reports to support construction cost control and process improvement.
What are the three main types of benchmarking in construction?
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The main types are process benchmarking, performance benchmarking, and strategic (competitive) benchmarking.
Stonehaven applies all three to compare project strategies, delivery models, and financial assumptions.
What tools are used for benchmarking analysis in real estate projects?
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Common tools include KPI dashboards, cost databases, earned value analysis, and project scheduling metrics.
Stonehaven integrates these tools into custom dashboards and reports for client benchmarking programmes.