How to Use Purchase Orders to Combat the Rising…

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Phil Puccio

How to use orders to stay profitable

Even in the best of times, construction companies cannot simply rely on a steady supply and constant material prices. It’s a different world today. It’s more important than ever to have accurate estimates and up-to-date pricing information so you can use orders to secure profits and control costs.

To tie everything together (and keep it together), contractors need a way to connect accounting and PM workflows with current pricing. Orders can do that, but only with good data. Construction technology has come a long way since the days of spreadsheets and note-taking, and successful businesses must adapt to the pace of change.

Today’s connected, cloud-based construction management suites use real-time data and workflows to tie all construction phases together, giving project and financial planners the accurate, timely information they need at their fingertips and a deeper understanding of their true project costs and resource allocation .

ProjectSight, such as part of the Trimble Construction One connected platform, gives contractors the ability to create an order from information entered in an estimate, with associated workflows between field orders and order receipt. Trimble Construction One also includes Supplier Xchange, a real-time pricing and inventory marketplace.

Orders are an important part of the process, but in 2022 they can be an opportunity instead of a headache – if you use a modern process with solid, connected data!

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Original Source: https://www.viewpoint.com/blog/purchase-order-rising-cost-of-construction-materials
Category – Construction

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