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Autodesk Build Brings Multi-Currency to Cost Management 

Autodesk Construction Cloud

With the possibility of materials pricing rising, especially in today’s market, this presents risk due to currency exchange rate fluctuations. . Managing the procurement process and properly tracking costs with international suppliers is critical to help mitigate risk. This process isn’t always easy. See Multi-Currency in action! .

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Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Forecast – the forecast needs to at a bare minimum identify what your budget numbers are, costs or committed costs to date and anything left over or any over run. Internal Reports.

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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

Because preconstruction offers the biggest opportunity to de-risk a project. Many things can happen during this period, and project teams often face complications like design creep and price increases, which negatively impact budgets and schedules. The preconstruction stage also allows you to simulate the job before executing it.

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The importance of keeping construction daily logs for every site activity

Lets Build

Skipping these logs increases your risk of a small issue becoming a massive one because no one documented it. Identify and reduce delays A lack of communication and collaboration is a huge problem in the construction industry, causing projects to go over budget and miss deadlines.

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Data Analytics Trends in Construction

Viewpoint Construction Technology

Reducing Risk and Increasing Safety. But going a step further and analyzing data that can help you identify high-risk tasks and dangerous conditions can help prevent future incidents and reduce risk for your business. All contractors should track data related to safety issues. Bidding Smarter and Winning More Work.

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8 Benefits of Using Web-Based Software in Construction

Viewpoint Construction Technology

Detailed take-offs and bids, referencing historical data and experience, calculating the scope of a project and more in an efficient and consistent manner lessens the risk of incurring a loss on the job. Organized work order management. By setting up procedures and expectations, you can keep tabs on process, timelines, and budget.

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Improving Renovation, Repair, and Maintenance Project Delivery

Job Order Contracting

The way to deliver 96%+ of renovation, repair, and maintenance projects on-time, on-budget, and at the appropriate level of quality is to enable collaboration with contractors and other expert service providers. – 2016, Arizona State University – Job Order Contracting Performance Survey-2015. Lower total cost.