Without a connected and centralized cost management system, projects often go over budget, over schedule, and can include costly rework. That makes finding solutions that work—and work well—all that more important.
Consistently however, cost overruns have become an expected part of projects in spite of their negative impact on already-thin profit margins. So the question is: What can builders do to be confident in their cost certainty from the get go, and actually hit that target throughout a project’s lifecycle?
This is where cloud-based cost management brings everything you need together into one platform—cost control to workflows, contract management, payment applications, and change orders. All of that works seamlessly together in an easy-to-work, easy-to-learn, and easy-to-use platform.
The infographic below will help you understand common project cost issues you’ll face without a centralized cost management system.
If you’d like to learn how to stay on schedule and on budget, check out our resource center on protecting your margins. It’s a collection of digital resources built to help construction leaders better manage costs on every project. Everything in there is yours, completely free.