Procurement is a term describing the purchasing process for goods and services. In building construction, material procurement is the process by which the materials required to construct a building are selected, ordered, invoiced, paid for and delivered to the site. The objectives of material procurement are stated as buying the best item at right Quality, […]
According to a study from KPMG, just 31% of all projects came within 10% of the budget in the past 3 years. Tracking and understanding costs is a key area in any business. In construction, with so many moving parts it is even more important. Here we will briefly outline 8 areas to consider. Niall […]
With the ‘new normal’ introducing more restrictions to our labour force, we need to be aware of a potential decline in our productivity. Saving costs by increasing productivity is not an overnight fix. It requires an investment of time and resources to achieve improvements in each area to gain a result. There are many methods […]
Invoice Processing has commonly been known as the paperwork involved for Accounts Payable purposes. It is related to a business’s purchase of goods and services which are received before they are paid for. It is the process that a business’s Accounts Payable will use for all supplier invoices. Paper invoices, Electronic or PDF can be […]
Materials management is both planning and controlling to make sure that materials that appear on site are of the correct quality and quantity. It is also ensuring that materials were delivered on site at the correct time and at the lowest cost possible. The materials management process begins in the early stages of a project […]
