When managing a construction project, keeping a close eye on costs is essential. That’s where Cost Value Reconciliation (CVR) comes into play. It helps you monitor and measure actual spending against your budgeted project costs, giving a clear picture of your finances...
We’re constantly saying, “Don’t undervalue yourself,” and “Don’t submit a cheap tender bid for the sake of it.” It’s a race to the bottom that even if you win, you end up losing out on hard-earned cash. But what do you do when you submit a tender bid that’s over the...
Every home and business has been hit by inflation. With rising costs across every industry, construction is no different. Our industry has been hit with high inflation rates, leading to various cost challenges in the sector. This has a knock-on effect on your cashflow...
When it comes to tender bids, you might think price is the most important part. But some clients don’t just look at that final figure. Sure, it’s important, but it’s not the only thing taken into consideration. The contractors winning all the bids are the ones sharing...
Every construction project has its ups and downs. Sometimes, it feels like you’re robbing Peter to pay Paul. Maybe you did well on substructure but you end up struggling with finishes. There’s always a balancing act to figure out when it comes to finances,...
