DANAOS Projects Software Solutions’ Post

Digitalization isn't new, but its adaption in the construction space is. However, things are starting to change rapidly on that front. Want to stay ahead of the curve without the need to circumvent the technical maze? We can help: https://bit.ly/43cMiPD #DynamicsSmartz #microsoftconstruction #construction365 #constructionaccounting #MicrosoftDynamics365 #Dynamicsbusinesscentral #contractor #constructiontechnology #construction

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐟𝐨𝐫 𝐀𝐭𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐧𝐠 𝐑𝐚𝐰 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐭𝐨 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬 Accurately assigning material costs to projects is essential for budget control and precise job costing. Material costs make up a large part of construction budgets, and misallocations can lead to budget variances. Here are industry standards to ensure accuracy: 1. 𝑷𝒖𝒓𝒄𝒉𝒂𝒔𝒆 𝑶𝒓𝒅𝒆𝒓 (𝑷𝑶) 𝑻𝒓𝒂𝒄𝒌𝒊𝒏𝒈 𝒃𝒚 𝑷𝒓𝒐𝒋𝒆𝒄𝒕 Create POs specific to each project with project ID, material descriptions, quantities, and costs to avoid reallocations. 2. 𝑫𝒊𝒓𝒆𝒄𝒕 𝑱𝒐𝒃 𝑪𝒐𝒔𝒕𝒊𝒏𝒈 𝒘𝒊𝒕𝒉 𝑴𝒂𝒕𝒆𝒓𝒊𝒂𝒍 𝑹𝒆𝒒𝒖𝒊𝒔𝒊𝒕𝒊𝒐𝒏𝒔 Document and track material usage by project code regularly to streamline accounting and enhance accuracy. 3. 𝑩𝒂𝒓𝒄𝒐𝒅𝒆 𝑺𝒄𝒂𝒏𝒏𝒊𝒏𝒈 & 𝑰𝒏𝒗𝒆𝒏𝒕𝒐𝒓𝒚 𝑺𝒐𝒇𝒕𝒘𝒂𝒓𝒆 Use barcode scanning and inventory software to assign materials to projects as consumed, minimizing manual errors. 4. 𝑷𝒓𝒐𝒋𝒆𝒄𝒕-𝑩𝒂𝒔𝒆𝒅 𝑨𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈 𝑺𝒐𝒇𝒕𝒘𝒂𝒓𝒆 Tools like Knowify or Procore centralize cost tracking, enable detailed reports, and simplify profitability analysis. 5. 𝑹𝒆𝒈𝒖𝒍𝒂𝒓 𝑹𝒆𝒄𝒐𝒏𝒄𝒊𝒍𝒊𝒂𝒕𝒊𝒐𝒏 Conduct monthly or milestone-based reconciliations to catch misallocations and keep project financials accurate. Takeaway: Implementing these practices helps construction firms control material costs, improve profitability, and provide stakeholders with clear project financials. #ConstructionManagement #JobCosting #ProjectAccounting #BudgetControl #MaterialTracking #ConstructionTechnology #ProjectProfitability #CostEfficiency #ZagzAccountingSolutions

DPR Construction, a general contractor and construction firm specializing in technically complex and sustainable projects, partnered with CMiC after recognizing the necessity for construction management software during their technology stack reevaluation. By reading our case study “DPR Construction Optimizes Operational Processes and Unlocks Business Value with CMiC’s Leading Construction ERP,” you will see how CMiC helped DPR achieve key results: 1. Enhanced project controls enabled users to effectively monitor budgets, including time, expenses, and suppliers. 2. Optimized financial reporting led to accelerated payroll and invoice processing times. 3. Increased collaboration by facilitating seamless communication between the back-office and field teams. To read the case study, please click here: https://lnkd.in/dG2KyM5v #CMiCSoftware #CaseStudy #CustomerJourney #ConstructionERP #DPRConstruction 

Tired of budget overruns in your construction projects? Say goodbye to guesswork! With ERP-based estimation, you get real-time cost control, ensuring every rupee is accounted for. Accurate cost breakdowns Automated calculations Real-time updates Take control of your project’s financial future! Book Demo - 086982 99099 #ConstructionERP #ProjectManagement #CostControl #SmartConstruction #SofthubTechnologies

Accurate #costestimation is crucial for ensuring projects stay on budget, meet deadlines, and improve your chances of winning contracts. Discover the advantages of using tailored #constructionIndustry solutions for a smoother, more efficient cost estimation process: bit.ly/3CdjqgB #constructionSoftware #digitalisation

🔧 Streamlining Construction Material Management with Pocket Construction Manager 🔧 Managing materials in the construction industry is often challenging due to manual processes and fragmented communication. Common issues include lack of real-time stock visibility, inefficient communication, complex purchase order processes, and data consolidation difficulties. Introducing the Pocket Construction Manager, an ERP solution designed to tackle these challenges. This tool streamlines the material management process from procurement to payment, ensuring efficient and accurate operations. Key Features: 📊 Real-time Inventory vs. Estimation Comparison: Accurate material management. 📦 Comprehensive GRN and Material Consumption Logs: Detailed records for transparency. 📝 Project-wise Material Estimation and Procurement: Simplified material estimation and procurement. ✔️ Multiple Verification and Approval Steps: Robust accountability processes. 📦 Procurement to Payment Cycle Management: Comprehensive data tracking. Enhance efficiency and accuracy in your construction projects with Pocket Construction Manager. Contact us today! 📞 8200027918 🌐 www.aasaan.co #Construction #MaterialManagement #Realestatedevelopers #Builders #Infrastucture #contractors #infraproject

This webinar walks you through the new WIP Management Tool in Sage Intacct Construction & Real Estate. The goal is to ensure you and your teams have the information on what tools can maximize the system features and get the clearest view of the...

What makes CMiC right for your business? Hear from DPR Construction about why CMiC is the right choice for their business needs. By watching our video “Transform Your Construction Projects: Featuring DPR Construction,” you will learn: 1. How CMiC is specifically designed for the construction industry, eliminating the need for extensive ERP customization. 2. How we transform construction projects for firms by integrating Financials and Project Management processes. Steve Brooks, ERP Product Manager at DPR Construction, explains it best: “If you want something that you can give input into the direction of and if you want something that is highly configurable, then you may want CMiC.” To watch the video, please click here: https://lnkd.in/dHYp-qFG #CMiCSoftware #ConstructionERP #CustomerTestimonial #CustomerJourney #DPRConstruction

Forecasting is critical for any well-run business, but it is even more so in construction, given the need to balance everything like crews and equipment. #HORNE #WeDeliverWithCare #construction

Improve your construction business with this one tool A construction management system is crucial if you want to- boost team production improve project outcomes elevate your construction business But not all construction management systems are created equal. Some may be better for your business while some might mess with your current workflow. So how do you choose the right CMS for your construction business? Here’s what you need to consider: ➡️Your business needs ➡️Your budget ➡️The ROI ➡️Your team Learn more about construction management systems and how to choose what suits your business best. 🔗https://buff.ly/41zFsVu #QSKnowledge #QSKforSMEs #constructiontech #constructionbusiness #maincontractor #subcontractor #quantitysurveyor #constructionUK #SMEconstruction #asana #clickup #projectmanagement