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40+ APAC Construction Industry Statistics You Need to Know

Autodesk Construction Cloud

Construction is always changing, which is why it’s worth keeping up with important statistics and developments across the industry. Jump to statistics by topic: General Outlook. Workforce Statistics . Spending on construction accounted for 13% of the global GDP in 2020; it’s expected to reach over 13.5% Bouncing back.

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The Value Of Time And Bookkeeping For Construction Business Success

Contractor Bookkeeping

But despite their proven importance, many business owners dread and avoid accounting tasks. Smart Contractors know their time is more valuable spent meeting prospective clients, putting together bids, managing job sites, and many other things other than bookkeeping. So they find someone else to do it.

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How asset tracking software solves major construction management challenges

Lets Build

According to the Bureau of Labor Statistics , the number of people working in this sector was close to ten million as far back as 2014. However, construction projects aren’t just about managing surveyors, builders, and foremen; there is also a staggering amount of equipment to procure, distribute, and maintain on the regular.

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Damage Control: 5 Ways to Manage Construction Mistakes

Autodesk Construction Cloud

Ensure you keep key stakeholders accountable for fixing the issue on time. You should take the time to evaluate all the steps that were used to manage the misstep. Just statistically the more people involved in a project, the higher chance mistakes will happen. 5: Perform Project Risk Assessment. Adopt Automation.

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Construction Cost Data – A Valuable Read?

Job Order Contracting

Current, actionable construction cost data is a core component of efficient life-cycle management of the built environment and LEAN construction planning, procurement, and project delivery. Industry and statistical standards are not used. What type of construction cost data do you use?

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Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.

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How to Effectively Maintain Your Third-Party Auditor Account

Safety Services Company

Most third-party auditors grade contractors based on the following elements: Statistical Information: OSHA 300/A Logs, OH&S Statistics, TRIR, TRF, etc. Health, Safety, & Environmental Program: Safety Manual, Safety Management System, HSE Manual, etc. So, how can a company most effectively maintain these accounts?