WWW.EQUE2.CO.UK

HOW TO ACHIEVE ACCURATE COST PLANNING AND FORECASTING IN THE CONTRACTING INDUSTRYDiscover why your company’s data is essential for your construction cost planning and financial management.

Keeping strict control of cash flow while ensuring accurate construction cost planning and forecasting is essential for small-medium businesses (SMEs), like yours, especially in the

construction sector where profit margins are tight.

At the heart of retaining and maximising control over your construction cost planning is…

YOUR DATA.

YOUcan review mistakes and

successes of past projects at a glance, enabling you to bring

lessons learned to future projects.

YOUcan plan for business, material

and supply chains more accurately, thereby protecting

your profit margins more successfully.

YOUcan forecast accurately with the right

data, improving construction cost planning, scaling and assigning

resources as well as fit your projects around material supply and demand

more efficiently.

THE 2014 IDG/SAGE ‘IMPACT OF DATA EFFECTIVENESS’ study reveals how companies who effectively harness and exploit data can boost efficiency, productivity and profitability:

20%Improvement in revenue

experienced by companies who have more intelligent data.

35%The percentage of growth

experienced by companies with more effective data.

Companies with better intelligence are 4 TIMES more likely to optimise inventory levels.

Companies with more usable data increase productivity by 10%

How do construction-specific SMEs ensure they have the right processes in place to guarantee accurate and actionable data?

AFTER ALL, BASIC SPREADSHEETS JUST DON’T CUT IT…

46% of spreadsheet users claim their methodologies can make project bidding difficult.88% of spreadsheets contain errors.

TOP THREE REASONS

WHY YOUR CONSTRUCTION COMPANY NEEDS THE RIGHT DATA.

INSTEAD, YOU NEED TO GET THE BALANCE RIGHT…

DEPLOY THE RIGHT SOFTWARE

SOURCE THE RIGHT EMPLOYEE INPUT

GET THE RIGHT RESULT

Use construction-specific software that plugs directly into your pre-existing mainstream accountancy software.

Enable in-office and on-site staff/contractors to update critical data directly into the software for accurate reporting, accessible from wherever they are.

Combine your approach to create the optimum platform for accruing quality data that is accurate and viewable in a moment, not weeks after a construction job is complete.

FOLLOW THESE STEPS FOR ACCURACY

NO DOWNTIME

NO WASTAGE

NO ERRORS

You will work with targeted, transparent and accurate data, improving your construction cost planning and forecasting.

YOU WILL BENEFIT FROM:

TAKEAWAYS:

Data is king in the construction sector; without accurate data, SMEs can be

left crippled.

Archaic software systems that revolve around

spreadsheets are a dead end and must be replaced.

Construction-specific software makes creating, maintaining and viewing

relevant data highly efficient.

The right data strategy boosts productivity, efficiency and

transparency.

Discover more about how data can protect pro�t margins with Eque2’s free eGuide:

AVOID PROJECT DEBT BY USING ACCURATE DATA

DOWNLOAD NOW