Remove Budget Remove Budgeting Remove Change Orders Remove Forecasting
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Construction Budgeting 101

Autodesk Construction Cloud

Your construction budget is one of the most important things to get right in any project. Poor budgeting leads to inaccurate estimates and error-prone forecasts, which can result in unfavorable project outcomes. The lack of proper budgeting practices can also lead to communication breakdowns and misalignment.

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5 Challenges Owners Face with Cost Management (and How to Fix Them)

Autodesk Construction Cloud

Lack of change order collaboration between owners and GC’s. These issues become even more pronounced when dealing with change orders and increased costs. To promote better collaboration between teams, you can bring your contracts directly into Autodesk Build to speed up the change order process.

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Autodesk Build Brings Multi-Currency to Cost Management 

Autodesk Construction Cloud

With the release of Multi-Currency in Autodesk Build and BIM 360 Cost Management, teams can now easily manage supplier contracts, change orders, payment applications, and expenses in different currencies. . Any gains or losses are easily visible and can be used as the basis for forecast adjustments. . invoices, pay apps, etc.)

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Construction Cost Management 101

Autodesk Construction Cloud

Tracking costs and monitoring risk while keeping a job on budget can be one of the biggest hurdles to any building project. Finding ways to do all of these things efficiently makes a huge difference when it comes to delivering a project on time and on budget. A cost management plan helps keep a job on budget.

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3 Steps to Better Cost Control in Construction Projects

Autodesk Construction Cloud

KPMG research also shows just 31% of projects come within 10% of the original budget, indicating that budget control is more crucial than ever in this uncertain economic climate. This is the opportunity where project stakeholders can express their concerns over budget and timelines.

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3 Decisions that Keep Construction Owners Up at Night 

Autodesk Construction Cloud

Utilize cost and estimation data Tap into historical and actual data to forecast and plan for expansion, repairs, and rehab. This also means you don't have to rely on guesswork to make resource allocation, budget, and timeline decisions. Unfortunately, many construction owners find that achieving these outcomes is an uphill battle.

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5 Ways to Protect Your Bottom Line with Autodesk Construction Cloud 

Autodesk Construction Cloud

The connected construction platform also supports custom budget structures, enabling you to set up detailed hierarchical build-ups and custom segment options. When cost and schedule data is connected, you can view real time updates and make better forecasts.