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How to survive and overcome inflation and rising construction costs

Lets Build

Prioritise value over competition One mistake project owners and procurement teams often make is prioritising bidding price over value. Using this traditional procurement method pits trade partners and contractors against each other. This can cost you more in the long run, especially when inflation is high and the market is volatile.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement, and more. When construction companies bring an e-procurement system into the fold, it makes it easy to keep track of outgoing cash in real-time. Process Change Orders Quickly. Embrace Automation. Automate P2P.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more. When construction companies bring an e-procurement system into the fold, it makes it easy to keep track of outgoing cash in real-time. Process Change Orders Quickly. Embrace Automation. Automate P2P.

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Why is construction so hard?

Fieldwire

We can utilize technology such as Building Information Modeling ( BIM ) to facilitate this design process and to ensure the design aligns with the owners expectations before building commences. Again, site conditions change and local ordinances dictate a slightly different look, all leading to changes in procurement and planning.