Forecasting With Confidence: How Contractors Can Solve Four Common Challenges
At the highest level, contractors understand the importance of accurately predicting and preparing for variances in costs or schedules when delivering a construction project. In fact, leaders know it is essential to the profitability, cash flow and potential viability of projects.
For that reason, forward-thinking decision-makers who know that forecasting is a complex process, also realize that this is not feasible by using out-of-date systems.
The use of robust solutions has proven to help firms address the following business challenges:
- The inability to identify all potential cost impacts.
- Inadequate projection and control of cash flow.
- Poor resource allocation.
- The lack of real-time visibility of forecasts.
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