By Ron Babich
Capital construction projects involve managing billions of dollars every year. Unfortunately, the construction industry continues to lose significant portions of that money through cost management errors. Following are three of the biggest factors contributing to costly capital project delays and how to combat them with software designed to curtail losses and amplify profits.
Think Small
Small errors made throughout a construction project can compound during the job’s life cycle, resulting in catastrophic cost miscalculations (i.e., a big loss instead of a healthy profit). Having a good plan in place is important; adhering to that plan is even more crucial to preventing profit loss…
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