Proactive Fiscal Project Management: Construction’s Defense Against Price Instability

September 26, 2022
Kenny Ingram - Construction Executive

Price inflation and supply chain disruption threaten the bottom line for many construction and engineering (C&E) firms, struggling in an industry where profit margins are already low, and increased costs are sparking uncertainty for financial planners. It is clear C&E project and commercial managers need to revise traditional methods of financial control and look beyond simple accounting solutions to overcome these challenges. Project managers need a shift in mindset to proactive fiscal management supported by purpose-built technology—which will ensure construction businesses remain profitable in the face of increasing price fluctuations.

Reprinted courtesy of Kenny Ingram, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.


Arrange No Cost Consultation


Construction Defect Journal is aggregated from a variety of news sources, article submissions, contributors, and information from industry professionals.

No content on this site should be construed as legal advice or expert opinion. By viewing this site you agree to be bound by its terms and conditions


Copyright 2023 - Construction Defect Journal – All Rights Reserved