Remove Budget Remove Profitability Remove Project Management Remove Statistics
article thumbnail

Stay on Time and on Budget With Viewpoint

Viewpoint Construction Technology

More work doesn’t necessarily mean more profit. With more jobs comes more paperwork, project management, time spent working through backlogs, and more. It’s no secret that engineering and construction has been slow to adopt new technology, but one constant for high-growth, high-profit companies is the use of emerging tech.

Viewpoint 130
article thumbnail

Why Projects Fail

Job Order Contracting

The ability to successfully account for and manage change during a project lies in an organization’s leadership and level of maturity relative to its strategies, processes, goals, and resources. Traditional construction project delivery is antiquated, outdated, antagonistic, and prone to failure. ORGANIZATIONAL MATURITY.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Industry Statistics. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line.

article thumbnail

The four pillars of collaboration in the construction industry

Lets Build

The new normality that was violently introduced not only to our industry but also to our societies, due to COVID-19, calls for a new approach around project management. Reworks can consume between 7% to 15% of the total budget in new construction. But it shouldn’t be like that. Source: McKinsey & Company.

article thumbnail

100+ Construction Industry Statistics

Autodesk Construction Cloud

Equip Your 2022 Projects With the Right Construction Data and Stats for Success. Construction industry statistics and data are playing an increasingly important role in the building sector. Below, we’ll provide you with all the important construction industry statistics you need to understand the current state of affairs.

article thumbnail

The Domino Effect of Idle Time in Construction

Pro Builder

Research shows that timely adjustments in technological and operational strategies on construction projects can considerably shift the stark statistics that have plagued the industry for decades with cost overruns, high emissions, and disappointing project delays. Project Management.