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How do we Value WIP in a Project Environment?

by Zoltan Szentirmay | Dec 9, 2024 | Accounting, Construction, Costing, Project Management

In the realm of project management, understanding how to effectively value Work in Progress (WIP) is pivotal for maintaining budget control and ensuring a project progresses on schedule and within its financial bounds. WIP, an integral aspect of the managerial...

More projects does not automatically mean more money.

by Zoltan Szentirmay | Jan 12, 2023 | Project Management

One of the most common issues in the construction industry, is the inability for businesses to movebeyond a certain level. Their owners can see the potential. They have the enthusiasm and workethic to do more. But no matter how hard they work or how hard they try,...

3 Steps to control costs and improve profits for your construction business

by Zoltan Szentirmay | Nov 9, 2022 | Costing, Project Management

For many businesses in the construction industry, the last few years have seen enormous growth. But this growth has created several challenges – especially with ongoing materials and worker shortages. Now rapidly rising material costs, labour hire costs and interest...

Recent Posts

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  • Assessing Your Business Health in The Current Year: A Guide for Australian Entrepreneurs
  • How do we Value WIP in a Project Environment?
  • Looking into the Financial Future: A Crystal Ball Gaze for the Construct and Trade Sector

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