Learn the Five Ways We Can Help You Avoid Common Money-Losing Construction Mistakes
Posted on September 1, 2020
We are pleased to work with the construction industry because it is always a challenge. The rules are constantly changing, the economy is always affecting results in different ways, and it is always exciting. What works today might not have worked five years ago and might not work five years from now. Today we are going to look at some of the construction mistakes you might be making without even realizing it – and how you can prevent them.
- Keeping You on Schedule
- Assisting with Budget Management
- We Can Help You Hire the Right People
- Avoiding Issues with Contracts
- We Can Help You Predict Changes
One of the biggest mistakes you can make is to get off schedule. Even a single-day delay can cost thousands. What’s worse, it can have a domino effect that makes it impossible to make up the time. When you choose to use our fund control software, it makes it easy for you to communicate, get budget info, review regulatory information, and much more – all in one spot.
Your budget is not a suggestion. It is there to ensure that you get everything done on time and that you have the funds to pay for it. When a company doesn’t manage their budget, then they end up dipping into reserves. The result? Extra costs, in most cases. If there are no funds and changes are required to be made at the last minute, this can lead to lost money in the long run. The good news is that our budgeting software can help you avoid this issue.
There is nothing worse than having the wrong employees. You could have everything else required to keep the lights on, yet having poor employees can lead to losing money. We can help your team easily collaborate to find the right employees with our unique communication platform. It allows for instant messages that give everyone a chance to be heard.
There are many ways in which contracts can become an issue in your day to day operations. You might have forgotten to insert the boilerplate language and now you are open to a lawsuit. You might have negotiated without having all the figures in front of you, and now you are left with less profit than you expected. Because our software can be accessed from anywhere, and it contains all the information you have on a property, it can help prevent these issues.
In some ways, change is good. In others, it can mean losing out significantly on a construction project. Whether a good change or a bad one, the sooner you can determine likely upcoming changes, the better off you will be. Our fund control software allows for constant communication so no one ends up surprised.
Are you ready for a free demo? Contact Fund Control at 800-625-5972 today to get started.