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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. Little to no project or business predictability Most construction projects are like a unique snowflake. ” Clearly, technology can enormously influence your projects’ productivity and profitability.

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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

Doing so won’t just make your life easier; it’ll also help you protect your profit margins. Because preconstruction offers the biggest opportunity to de-risk a project. Integrate design with downstream processes A typical $100 million project takes around 30 months in design and preconstruction.

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8 Benefits of Using Web-Based Software in Construction

Viewpoint Construction Technology

Large or small, construction jobs can be made easier with the right support system, especially when it comes to management software. Clear communication and transparent project management between contractors, teams, and management make for a smooth workflow and better bottom lines for all involved. Consistent estimating.

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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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Data Analytics Trends in Construction

Viewpoint Construction Technology

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Diving Deeper into Construction Data.

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The importance of keeping construction daily logs for every site activity

Lets Build

If you ever feel that recording activities in your construction daily logs is too much of a hassle, think about the negative implications on your profit margin and reputation. Keep track of work done When it comes to the high complexity of construction projects, it’s impossible to track every on-site activity, material, contractor, and team.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

But, procurement , project management, and the C-suite should all monitor WIP closely. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately. When the payment hits their account, they may mistake it for profit.