Go lean to grow big
ECONOMY & POLICY

Go lean to grow big

Construction having a major impact on civic life has only been minimally digitized. As per a recent study published by McKinsey, the construction industry ranks the second least in terms of digitization, after agriculture. “Tactive is a construction ERP software that is built from the ground ...

Construction having a major impact on civic life has only been minimally digitized. As per a recent study published by McKinsey, the construction industry ranks the second least in terms of digitization, after agriculture. “Tactive is a construction ERP software that is built from the ground up using real-time experience in construction and infrastructure activities that offers a suite of construction software products that directly addresses the prominent “hard to ignore” pain points faced in the company by every individual office-bearer right from the CEO to the site or field engineer,” says Devarajan Chinnusamy, Chairman & Managing Director, Tactive Software System, as he shares more…Managing 5 M’s and enhancing communicationTactive as a construction ERP seeks to streamline all the operations of a construction company and manage all the 5 M’s of construction; Man, Material, Machinery, Money, and Minutes and utilise or channelise them properly and eliminates wastage, pilferage, duplication of work and overlapping of decisions, etc. Tactive very precisely enhances the communication between site to regional and head offices and this has helped people to overcome the fear of ERP or other such software adoptions. The Tactive Construction Management Software provides the best comprehensive SOP (Standard Operating Procedure) in a digitized form to help construction companies grow and scale up their project sizes. Equipped with the latest technologiesTactive is a cloud and mobile-based product using the latest technologies and the domain expertise gathered over the last six decades from the parent entity operating in the infrastructure sector. Tactive has employed principles of lean construction in the product as well. Tactive has been separated into modules such as tendering and estimation, budgeting and scheduling, project management, procurement management, inventory management, equipment management, finance and accounts, HR and payroll, health safety and quality with a roadmap for PMC, MEP, BIM and IoT integration. TactiveSoft Construction ERP is custom made for builders, contractors and construction companies and can be customised as per the individual needs of the project managers. Key Features: Monthly job cost reports and project-wise zero-based budgets, schedules and actuals Tender bids using inbuilt rate-analysis templates through BOQ imports Client bills, subcontractor work orders, payments and material reconciliations Capture hindrances, work order amendments and billings Project wise client receivables, vendor payable, cash flow and overhead projections Centralised procurement, vendor portal, yard or warehouse operationsMachinery and equipment usage logs, maintenance and internal or external hires Tactive construction mobile app enables the following for project sites (android and ios) DPR, DLR and labour out-turn entry and tracking in Tactive construction mobile appProject wise reports and dashboards Employee self-serve HR apps, approval requests, tasks and messages Padma Bhushan Dr A RamaKrishna (Former DMD of L&T) helped form Tactive’s product in the early stages by providing his expertise. The product has only been a huge success and keeps exceeding its real-time performance expectations of its users across India and the Middle East. Tactive now has at its disposal a committed, and highly experienced team of people on standby to support the clients in the implementation of Tactive and oversee the operational activities without a hassle. (Communication by the management of the company)

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Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

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Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

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Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

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