The right software can make the difference between having a profitable project and losing money.
Contractors know that being able to predict and prepare for variances in costs or schedules is essential to the profitability, cash flow and—in extreme cases—the viability of projects. However, reliable forecasting is a complex and multidimensional process that is difficult, if not impossible, with manual or out-of-date systems.
Scott Jennings, P.E., principal of SJ Construction Consulting, LLC, has over 25 years of experience working with hundreds of contractors across the country. “Forecasting feeds the lifeline of the financial health of a company,” he says. “If owners and CEOs want to prevent profit fade during construction projects, they must equip project managers with sophisticated software tools that allow the managers to project costs accurately.”
Can your construction firm address the 4 common challenges of forecasting? Watch our short video, which introduces solutions to these challenges or Complete the form below to download the eBook if you want to take a deeper dive!
Your firm needs a platform such as CMiC, one that will support all departments’ efforts to become more intentional and data-driven, and that will grow with the business as it ramps back up. To learn more about the CMiC platform and its suite of construction-focused modules, visit our resource center