If you are a project owner who invests in capital construction projects, you fully understand that having a real-time single version of the truth of your project’s financial status is what will make or break your project investment. Without having access to this critical information, project owners would lack having Read more…
For engineering and design consultants, using traditional cost estimating tools that are usually configured for estimating the cost of a construction project will not be the right solution when it comes to estimating the cost of engineering and design projects. Unlike construction projects where the cost is driven by equipment, Read more…
Financial losses during the implementation of capital construction projects arising from fraudulent activities can reach up to 45% of the project budget (Source: Association of Fraud Examiners, Russian Branch). In general, funds spent on capital construction projects are considered a sunk cost. A sunk cost refers to money that has Read more…
