article thumbnail

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

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Which then throws everything off from revenue forecasting to budgeting. That’s accounting’s job, right?

article thumbnail

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

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Which then throws everything off from revenue forecasting to budgeting. That’s accounting’s job, right?

professionals

Sign Up for our Newsletter

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

article thumbnail

5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

A modern system will also have integrated contract valuation capabilities (which results in auto-generated work-in-progress accounting entries). Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance. Asset and Plant Management.

Cash Flow 130
article thumbnail

The New Preconstruction Advantage: Connected Quantification & Model Coordination in a Common Data Environment

Construction Business Owner

Each milestone or phase — from design to plan to build — requires many data handover cycles, increasing opportunities for rework. Staying on budget and on time while producing quality work is of utmost importance to all builders — but not all projects are created equally. Introducing Autodesk BIM Collaborate & Autodesk Takeoff.

Modeling 234
article thumbnail

Industry Focus: Logistics – Going With The Flow

Buisness Facilities Contributed Content

Labor Department forecasts that truck drivers will account for 43 percent of the growth in logistics jobs in the coming years. The 24th Annual State of Logistics Report predicts a continuing plague of overcapacity and rate problems for ocean carriers due to optimistic economic forecasts that led to companies expanding their fleets.