At the core of any successful construction project is effective cost management. You need it at every phase of the project, from planning and design to change orders, and to the final signoff on a project’s completion.

 

Construction projects require a large cash flow with a high level of variability, making it difficult to predict total profits. Considering how many activities a general contractor juggles during every project—from managing continuous payments to dozens of subcontractors—having the right amount of cash on hand is critical. Ultimately, cash flow depends directly on the work put in place, which is directly tied to the schedule and the work that teams are getting done.