Remove Cash Flow Remove Inventory Remove Risk Remove Software
article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Re-skilling challenges aside, there is no excuse for avoiding software solutions. Meaning, teams need to seek out software tools that allow for better planning and streamlined communication. Procurement Software.

article thumbnail

Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

However, standardizing the way software is used may correct this. A safer site incurs less risk and long-term costs. A “subcontractor inventory” is another predictive performance indicator that CFMA recommends. It would be aimed at avoiding tying up cash in the over-purchase of construction materials.

professionals

Sign Up for our Newsletter

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

article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Re-skilling challenges aside, there is no excuse for avoiding software solutions. Meaning, teams need to seek out software tools that allow for better planning and streamlined communication. Procurement Software.

article thumbnail

7 Steps to Successful Project Closeout

Autodesk Construction Cloud

Equipment tracking software may be needed to account for all moveable equipment. Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Any time the critical documents you need are in an easy to lose, easy to destroy format like paper, you take on risk.

article thumbnail

Coming up with the new normal: How construction can turn the COVID-19 crisis into a transformative force

Lets Build

Technologies such as BIM, project management software, and cash-flow apps are expected to take up more space in the industry as we move forward. For instance, they invest in putting together a resilient inventory and collect materials of critical importance to keep their projects protected. Focus on vertical integration.

article thumbnail

How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. . Construction companies need all the help they can get when it comes to making decisions that impact cash flow and budgeting. This will highlight any potential safety risks. .

article thumbnail

15 Management Systems to Help You Avoid the High-Speed Wobbles

Pro Builder

Unprepared home builders experiencing rapid growth run the risk of squandering opportunities during the best decade in housing’s history. The result: builders operating in crisis mode and running the risk of stall-out and failure. When you’re out of cash, you’re out of business. Integrated management software. a) Annual.