Real-time cost tracking in the construction industry helps companies notice deviations already during the project. Real-time implementation costs help you to understand the causes of deviations and to make concrete changes in the future, so that the profitability of the projects remains at the right level.
Fondion automatically generates cost tracking with the accuracy you want, so you can see right from the first project how the different areas are paying off.
Why is real-time cost tracking so important? Things are often remembered inaccurately afterwards, so it is always worth correcting deviations as soon as the cost realisation is found to deviate from the budget.
With our extensive experience in cost tracking in the construction industry, we can advise your company on the appropriate level of cost monitoring. Overly detailed tracking can easily burden resources, so finding and maintaining the right level is essential for maximizing benefits.
For an individual project, some aspect or are may fail in profitability. For this reason, it is very important to look at sub-areas' profitability also from a larger number of projects.
With Fondion, you can easily compare profitability by foreman, cost location, project type, customer type and cost location. Comparability is a key component of measures relating to profitability. You automatically know if certain types of projects are worthwhile. You get to have a genuine dialogue with the foremen.
You achieve budget-level cost tracking at a sufficient sub-area level, allowing you to see the real factors influencing profitability.
Arrange a presentation with us and you'll get an idea in an hour of how Fondion can help your company make its business more efficient. Does not bind to anything.
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