The Growth of Business Intelligence in Construction
The construction industry involves a huge amount of data. Companies that make thorough analyses to gain better insights into their projects and overall business strategies see higher efficiency. Real-time analysis is growing more and more advantageous in all areas of construction, and younger contractors especially are finding that good business intelligence helps to make better …
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6 Reasons to Implement Construction Cost Tracking Software Today
Job cost is one of the main concerns in the construction industry. If you are a construction project manager, you may already know that gaining a comprehensive and transparent overview of your project can be extremely challenging. In order to avoid a pay or bonus cut, it is wise to implement an efficient and easy-to …
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7 Significant Factors Causing Project Cost Overruns in the Construction Industry
One of the biggest challenges faced by project organizations is cost overrun, as statistics show that the larger the project, the higher the probability for overrun. There are often a number of reasons factoring in to this, although the majority of project budgets that experience overrun are due to poor planning, combined with a lack of visibility in cost …
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Construction Pay Application – Template & Easy Billing Guide for Project Managers
Construction payment applications are simple, everyday project management tools. In essence, construction payment applications are documents that state the contracted schedule of values, frequency of submitting monthly work progress, and previous approved payments, and are ultimately requests to the contacting party to accept the work and provide payment. There are a number of formats …
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