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…
Municipalities, public works departments, utilities, and other public sector entities across the globe are planning to release many capital projects to help recover their negatively impacted economies caused by the COVID-19 pandemic. Although the amount of funding to be made available for those entities will be limited, nevertheless, there is Read more…
One of the key requirements that need to be managed, monitored, and reported on construction projects is the delivery, storage, and release of equipment and material at the different storage locations at the construction site. Those equipment and material items will be incorporated in the different building systems that are Read more…
