Construction Software

Construction Software - It's Our Business

Muli believes that Construction Software should cover the key requirements of participants in the construction industry for the effective management of:

  • Accounting
  • Construction Projects
  • Risks and Work Flow Processes.

Because of the unique nature of the construction industry no general software application would be as effective as a special purpose construction software solution, for example:

Accounting

  • Subcontracts with Retentions demand special treatment in construction accounting software
  • The disconnect between when money is received and expenses are paid can lead to incorrect tax assessments and a need to move to the Earned Value Accounting methodology
  • Raising orders for subcontractors requires contracts with customised clauses not standard purchase orders

Construction Projects

  • variations and amendments to the scope of works need to be "managed" to ensure profitability of the finished project and to ensure clear communication between client and contractors
  • Construction software needs to store and use the myriad of project data related to timings, roles and stages
  • Project managers needs a formal structure to use when reviewing the project with the client. A structure that helps them maximise their income under the terms of the contract while keeping your senior management aware of the expected gross contribution of the project at completion.

Risks 

  • An integrated risk management facility is a must for an industry where change is the norm.
  • The need to have risks assigned to responsible people and to alert them using workflow.

Construction software that offers this functionality will promote short term liquidity and long term profitability of the business.

Accounting Software Comparisons

 

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