Tag: financial control

Construction Processes, Financial

Project Financial Control for Construction and Engineering

June 6, 2023

Via: ENR

In an industry with low project margins, a high level of unpredictability, and fierce competition (both domestic and international), it does not take much to turn a profitable project into a loss-making project, putting the whole business at risk. That […]

Construction Processes, Financial, Procurement

How Purchase Orders Can Help Improve Financial Control in Construction

October 8, 2020

Via: ConstructConnect

When it comes to construction, it is extremely important to have control over finances. Though it is one of those industries that have shown significant growth during the last two decades, construction firms are expected to face maximum loss on […]

Construction Processes, Financial, Interaction of Expertise

3 Tips For Attaining Project Financial Control In The Construction Industry

January 10, 2020

Via: ENR

Project financial control involves more than summing historic values, it needs the controller to map the consequences of potential events and adjust the sliders to influence the outcomes. Like a DJ dropping the next track, the controller should drive the […]