In the construction and engineering industry having effective financial control is much more than producing a set of monthly accounts.
Prediction 1: The number of construction companies that deliver service and maintenance to increase to 50% by 2025. (Contractors need to become Total Asset Lifecycle Service Providers)
Asset owners and stakeholders demand ever more from both your construction projects and your day-to-day operations.
This article looks at the opportunities presented by delivering the full asset lifecycle business model, the transformative digital journey required, and the enterprise software capabilities firms must embrace to be able to compete.
In this webinar, we discuss modular construction in more detail and analyze how this construction method will continue to evolve, expanding on the changes needed for its continued usage in the industry.
There is no doubt that modular housebuilding is gathering pace but there is still a lot of resistance to this process.
According to Deloitte’s 2020 Engineering and Construction Industry Outlook, companies can expect to face changes and trends that threaten what little margin they have.
Decision-makers concerned with economic disruption 20 percent more likely to plan increased spending
In the engineering and construction sector around the world we are seeing projects paused and new opportunities stalled.
Globally, the labor and skills shortage is causing serious problems for the construction industry. Here’s how Construction ERP can be used to help address these issues.
There is no shortage of analysis on how the current global pandemic is changing construction safety regimens on job sites. Here’s how contractors can help project owners mitigate risk.
With construction and infrastructure margins so low, and delays in schedule can be the norm, well managed commercial finance can help determine project profit or loss.
The Engineering and Construction industry is facing the biggest storm of disruption in its history. What should companies be doing to tackle these challenges head on to come out as a winner?
The engineering and construction industry is conservative when it comes to enterprise technology.
Project financial control involves more than summing historic values, it needs the controller to map the consequences of potential events and adjust the sliders to influence the outcomes.
Selecting business software for a medium to enterprise-sized construction concern is extremely challenging in large part because most enterprise resource planning (ERP) suites originated in the world of repetitive manufacturing and are therefore a poor fit for a project and asset-centric business.
Engineering and construction companies are striving for the type of productivity gains realized in recent decades by their counterparts in manufacturing.