FYLD addresses Streetworks challenges for the Small & Medium Enterprise Market

For so many SME organisations (those with fewer that 250 employees), working on our public highways to maintain our critical life services comes with a complex array of challenges that can strain limited resources and budgets.

Unlike larger companies, these businesses often struggle to absorb the high costs associated with public disputes, expensive investigations, and project delays. The lack of real-time visibility into work completion can further complicate project management, leading to inefficiencies. Rework can account for 10-25% of total project costs in construction, a burden likely mirrored in streetworks due to similar challenges. These financial strains, including delays and fines, can significantly impact the profitability of small & medium-sized enterprises.

Enter FYLD!  With its AI-powered platform it offers a strategic solution, designed to help mail & medium-sized businesses manage Streetworks with case studies evidencing greater efficiency and cost-effectiveness, safety improvements and ensuring projects stay on track and within budget.

Efficient dispute resolution and proactive compliance

The recent tightening of the UK’s Streetworks inspection regime in 2023 has introduced significant challenges for small & medium-sized enterprises. 

This performance-based regime requires higher standards for road repairs, with frequent inspections imposed on companies that fall short. These inspections carry fines—£50 for initial checks and £120 for follow-ups—that can accumulate quickly. For businesses operating with limited resources and smaller compliance teams, this heightened scrutiny can strain financial stability, making it essential to manage these demands effectively.

How FYLD helps:

• Instant evidence availability: FYLD’s AI-powered platform offers a critical advantage by automatically capturing, timestamping, and geotagging all relevant on-site evidence. For small & medium-sized businesses, this capability is crucial. It allows them to quickly produce detailed and organised records to satisfy inspectors and address disputes, helping to prevent fines from escalating.
• Enhanced compliance and dispute resolution: The platform equips small & medium-sized enterprises with the tools they need to meet the heightened demands of the new inspection regime. With real-time evidence at their disposal, these companies can effectively demonstrate compliance with Section 27 notices and other regulatory requirements, which is essential for avoiding unjust fines and mitigating the financial impact of necessary corrections.
• Proactive quality control: By providing real-time oversight and guiding workers through best practices, FYLD helps ensure that work is completed to the highest standards. This proactive approach minimises the risk of errors, reduces the likelihood of fines, and enhances customer satisfaction by consistently delivering high-quality results.

Minimising rework and downtime with precision execution

Rework can be a major drain on resources in Streetworks projects, potentially accounting for up to a quarter of total project costs - eating into already tight margins on projects, where costly delays can drive company revenue loss. For small & medium-sized enterprises, maintaining high-quality work throughout contracts is crucial. Not only can it be the difference between securing contract extensions or losing clients, but it also plays a critical role in protecting the company’s reputation and ensuring future business opportunities. Delays, additional costs, and increased downtime only add to the strain.

How FYLD helps:

• AI-powered workflows: FYLD’s AI-assisted workflows provide field workers with step-by-step guidance to ensure that every task is completed according to the required standards. This proactive approach minimises the chances of errors that could lead to rework, saving both time and money.
• Remote site visibility: Managers can monitor progress in real-time, making sure that any potential issues are identified and addressed before they escalate. This real-time oversight not only helps in maintaining high-quality work but also significantly reduces the need for rework, keeping projects on schedule and within budget.
• Reducing downtime: By avoiding rework and ensuring that jobs are done correctly the first time, FYLD significantly reduces downtime. This efficiency boost means that projects can be completed faster, with fewer interruptions, leading to overall cost savings and improved productivity.
  
  

Partnering for a better Streetworks experience

At FYLD, we’re committed to helping small & medium-sized enterprises optimise streetworks delivery. Our AI-powered platform addresses your unique challenges—from resolving disputes to minimising rework. 

Join us in transforming streetworks—reach out to FYLD today to discover how our innovative solutions can drive your business forward.