Construction
Construction
While demand for new construction projects in residential, industrial, commercial, institutional, and even roadway construction, can increase rapidly, it can also decline just as quickly.
Construction companies, contractors, sub-contractors, have been affected dramatically by the current recession, both in the commercial and residential areas, so the industry has become much more competitive than in the past. Get the tools necessary to grow your business in the construction marketplace by engaging in successful accounting, marketing, human resources and technology practices, among others.
CHALLENGES
β Risks of speculative projects
β Uneven revenue
β Cost overruns
β Dependence on few projects, customers
β Safety liability
β High insurance costs
β Dependence on local economy
β Seasonal labor
β Materials, land costs
HOW TO HELP?
β Value creation planning
β Pricing and costing
β Finance planning
β Alliances and joint ventures
β Capital market