Items Tagged with 'Financial Management'

Ensuring profitability in construction or engineering projects requires more than just an accounting system.

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.

Firms in the construction and engineering industry deliver complex, high-value projects for exceedingly small profit margins.

In the wake of the turbulent Covid-19 pandemic, the Construction and Engineering industry will need to continue in its fight to become more resilient and agile.

In the construction and engineering industry having effective financial control is much more than producing a set of monthly accounts.