Remove Cost Control Remove Project Management Remove Risk Management
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The Budget Blueprint: Project Cost Control For Contractors

Contractor Bookkeeping

Did you know that 39% of projects fail due to budget issues? Managing a project budget is not just about numbers; its about ensuring your business is profitable. By understanding the essential steps of project budgeting, you can turn potential pitfalls into opportunities for success.

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Infrastructure costs keep rising. Consider these approaches to mitigate them.

Civil + Structural Engineer

Infrastructure project delivery is at a crossroads. On one hand, the federal Bipartisan Infrastructure Law (BIL) has catalyzed unprecedented infrastructure investment, while on the other, rising costs for materials, labor and energy are squeezing project budgets and complicating project planning and execution.

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Mark Wild radical reset plan to rescue HS2

Construction Enquirer

Performance-related pay rises for senior managers and excutive bonuses relating to last year have been scrapped. Wild’s four-point HS2 reset strategy Simplify the opening phase – by trimming features like automatic train operation and opening at lower speeds to reduce risk and allow earlier services.

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Developer fined £165,000 for fire safety failings

Construction Enquirer

The Glovers Court project was under construction on 16 May 2023 when it was visited by Lancashire Fire and Rescue Service (LFRS). HSE also served an improvement notice requiring the company to design and implement a fire management plan. Many can be avoided by careful planning and control of work activities.”

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How Poor Planning and Budgeting Lead to Construction Cost Overruns

Budgeting, forecasting, and financial planning directly impact construction project outcomes. Inaccurate projections lead to cost overruns and delays. This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks.

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Episode 3: Cost Control in Construction Projects; Here’s how to control them

iField Smart

Cost overruns run large in the construction industry, leading to project delays, disputes, and financial losses. To mitigate these risks, the construction industry must implement robust cost control strategies. But how can we ensure that projects stay within budget and deliver on time?

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Sypro renews software deal with Transport for Wales

Construction Enquirer

Now entering its third term, the four-year agreement will see TfW using Sypro’s contract management software – a project oversight and collaboration hub designed to streamline contract management in real time – in support of its National Delivery Plan.