Discover how you can gain total visibility of the data in your business to improve your construction cost management

1. WWW.EQUE2.CO.UK
CONSTRUCTION COST
MANAGEMENT:
GAINING FULL
VISIBILITY OF YOUR
FINANCIAL DATA
Quality data provides vital insight to help
improve your company’s construction cost
management.

2. WWW.EQUE2.CO.UK
TIGHTMARGINS,
Construction companies are working within
TIGHTMARGINS,in an industry that is being heavily impacted by a
RISE IN CO$T$.

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Costs are driving upwards for:

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Costs are driving upwards for:
MATERIALS

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Costs are driving upwards for:
MATERIALS TENDERING

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Costs are driving upwards for:
MATERIALS TENDERING SKILLED
WORKERS

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Costs are driving upwards for:
MATERIALS TENDERING SKILLED
WORKERS
SPECIALIST
CONTRACTORS
Without the right cost management tools, these increases in prices will create
bottlenecks in the supply chains and projects. These will be especially felt by
construction companies who have little visibility of their cash flow.

8. WWW.EQUE2.CO.UK
Costs are driving upwards for:
MATERIALS TENDERING SKILLED
WORKERS
SPECIALIST
CONTRACTORS
Without the right cost management tools, these increases in prices will create
bottlenecks in the supply chains and projects. These will be especially felt by
construction companies who have little visibility of their cash flow.

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Limited visibility of cash flow and poor
construction cost management can be caused by:

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Limited visibility of cash flow and poor
construction cost management can be caused by:
SILOED DATA KEPT
ON DISPARATE
AND OUTDATED
SYSTEMS, SUCH AS
SPREADSHEETS

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Limited visibility of cash flow and poor
construction cost management can be caused by:
SILOED DATA KEPT
ON DISPARATE
AND OUTDATED
SYSTEMS, SUCH AS
SPREADSHEETS
A LACK OF
COLLABORATION
AND KNOWLEDGE
SHARING BETWEEN
EMPLOYEES

12. WWW.EQUE2.CO.UK
Limited visibility of cash flow and poor
construction cost management can be caused by:
SILOED DATA KEPT
ON DISPARATE
AND OUTDATED
SYSTEMS, SUCH AS
SPREADSHEETS
A LACK OF
COLLABORATION
AND KNOWLEDGE
SHARING BETWEEN
EMPLOYEES
DUPLICATED AND
INACCURATE
DATA LEADING TO
POOR BUSINESS
DECISIONS

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Financial Controllers need to create
of all financial areas, including the cost of resources, the end
cost of projects and any debt currently existing
within the company.
VISIBILITYVISIBILITYVISIBILITY

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Good construction cost management is based around having
centralised, accurate data that is fully visible and can be updated in
REALTIME.

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The right construction software can help improve cost
management, but small-medium businesses are likely to be
reluctant to update or change their systems due to threat of
LARGEoverhead costs.

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There are a number of simple, more cost
effective steps that these companies can
take to gain full visibility of financial data
and improve their cost management,
before considering software.

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These methods can involve:

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These methods can involve:
CREATING
a central database
where each employee
enters the financial
data they own

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These methods can involve:
CREATING
a central database
where each employee
enters the financial
data they own
ENCOURAGING
collaboration and
communication
between the senior
team, right down to
the skilled tradesmen

20. WWW.EQUE2.CO.UK
These methods can involve:
CREATING
a central database
where each employee
enters the financial
data they own
ENCOURAGING
collaboration and
communication
between the senior
team, right down to
the skilled tradesmen
PROVIDING
organised files for
paid invoices, late
invoices, project
records and
payments made

21. WWW.EQUE2.CO.UK
These methods can involve:
CREATING
a central database
where each employee
enters the financial
data they own
ENCOURAGING
collaboration and
communication
between the senior
team, right down to
the skilled tradesmen
PROVIDING
organised files for
paid invoices, late
invoices, project
records and
payments made
OBSERVING
and analysing
bottlenecks in the
supply chain caused
by limited cash flow

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UNIFYING FINANCIAL DATA into one larger and
clearer picture boosts visibility and provides an end-to-end view of the
company. Encouraging collaboration, organisation, communication
and even software can help to improve construction cost management.

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TAKEAWAYS:

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TAKEAWAYS:
Financial data
visibility is crucial
to a company’s
success

25. WWW.EQUE2.CO.UK
TAKEAWAYS:
Financial data
visibility is crucial
to a company’s
success
A single system can
bring it all into one
clear picture

26. WWW.EQUE2.CO.UK
TAKEAWAYS:
Financial data
visibility is crucial
to a company’s
success
A single system can
bring it all into one
clear picture
Construction cost
management
software can
provide the key

27. WWW.EQUE2.CO.UK
Find out how your construction company can
drive its profits skywards with the help of the
right contracting software by downloading:
IMPROVE PROFITABILITY
WITH THE RIGHT
CONTRACTING SOFTWARE
DOWNLOAD YOUR FREE EGUIDE NOW