A Comprehensive Step-by-Step Guide to Construction Project Completion
Each construction project is unique, but the same core process must be followed from design to closeout to guarantee success. Depending on the construction industry sector and project complexity, the initial drawing and design sequence items can occur in varied ways. But once the design is approved, a construction project will follow four standard phases: bidding, pre-construction planning, construction, and closeout.
Many people and processes will be meticulously tracked and reported to stakeholders during each phase. Contractors and subcontractors must generate detailed estimates that win the work while ensuring a profitable project. The contracting company must plan the project’s budget, timeline, labor, material, and equipment as accurately as possible. Human resource management handles safety compliance, field labor, and expense reporting.
Project accounting, job costing, and the final project profit analysis require full project accountability from start to finish. Acumatica Construction Edition has the flexibility to support every workflow and each stage of the construction cycle. There are tools for bid management, collaboration with CRM, safety, compliance, equipment and material planning, field reporting, job cost accounting, and more.