3 tips for attaining project financial control in the construction industry

STEVE TREAGUST | June 13, 2019

article image
Project financial control involves more than summing historic values, it needs the controller to map the consequences of potential events and adjust the sliders to influence the outcomes. Like a DJ dropping the next track, the controller should drive the cadence and be ahead of the crowd. Here are 3 tips for getting into that space in the construction industry.

Spotlight

CTIF

CTIF is a French research and development centre, specialized in casting, additive manufacturing, metallurgy and metal products. At the very heart of the metal conversion process, it constantly strives to develop and strengthen the links between applied research and manufacturers.

OTHER ARTICLES
ENGINEERING TECH

Infrastructure Policy Watch: new resilience guidelines from Australia and UK hydrogen strategy

Article | August 24, 2021

Infrastructure Australia outlines new guidance on how to improve infrastructure resilience Infrastructure Australia has released a new set of resilience guidelines for infrastructure, noting that the events of recent years have brought Australia’s vulnerability to threats such as bushfires, droughts, floods, pandemics and cyber-attacks into sharp focus. The Advisory Papers, developed in partnership with Infrastructure New South Wales, estimate that, by 2050, the economic cost of natural disasters in Australia will more than double from about AU$18 billion annually to AU$39 billion. Infrastructure Australia wants infrastructure resilience in project planning and business cases “to become business as usual”. The organisation is required to evaluate business cases for infrastructure projects that receive more than AU$250 million in funding from the federal government and has indicated it may reject proposals that do not effectively incorporate infrastructure resilience.

Read More
CONSTRUCTION

3 Ways Design Will Change Post-COVID

Article | June 16, 2021

The global pandemic has affected fundamental aspects of everyone’s daily lives, from the way we work and learn to how we shop and socialize. The need for social distancing has brought about a number of changes to the public spaces used by all, such as one-way systems and temporary hand-sanitizing facilities. However, these measures are short-term fixes, often shoehorned into spaces that were not designed with social distancing in mind. The challenge for architects and designers as we move into a post-COVID future is to design for these new requirements in innovative and creative ways that still enable a sense of togetherness while maintaining physical distance – the new post-COVID architecture. These are three ways architecture might change as a result of the pandemic.

Read More
ENGINEERING TECH

Infrastructure Policy Watch: UKIB goes live, Singapore brings in global sustainability experts

Article | June 29, 2021

The new UK Infrastructure Bank (UKIB) recently opened, with its remit confirmed by the UK government in a new Framework Document. The document sets out the role of the bank as providing: "leadership to the market in the development of infrastructure and new infrastructure technologies, crowding-in private capital and reducing risk through its cornerstone investments and range of financial products. It will bolster the government’s lending to local government for large and complex projects through its expertise and scrutiny, and help to bring private and public sector stakeholders together to regenerate regions and create new opportunities." It will have two strategic objectives, to help tackle climate change and support regional and local economic growth. Given these two objectives may conflict, the Framework Document suggests "where an investment is primarily to support economic growth, the Company will ensure that it does not do significant harm against its climate objective."

Read More
ENGINEERING TECH

The latest on ICE's second UK infrastructure assessment consultation

Article | August 17, 2021

ICE Policy and Public Affairs recently launched a discussion paper and consultation on what should be in the second National Infrastructure Assessment (NIA). The work progresses the institution’s aims to influence infrastructure policy at a systems level. This autumn, the National Infrastructure Commission (NIC) will publish its baseline assessment of the current state of key infrastructure sectors, along with proposals for the strategic themes and main priorities of the second NIA expected in 2023. Having been closely involved in both the establishment of the NIC in 2013 and the first NIA in 2018, our consultation asks what the core considerations of NIA2 should be – including net-zero, levelling-up and climate resilience – and explores which demand drivers have changed since the first NIA. Through this paper, we’re seeking to shape the wider infrastructure policy debate, consistently and over a number of years, by examining what our long-term infrastructure should look like – and most importantly, ensure it delivers the sustainable future outcomes we need it to. Look out for more updates later this year on ICE’s work in this area.

Read More

Spotlight

CTIF

CTIF is a French research and development centre, specialized in casting, additive manufacturing, metallurgy and metal products. At the very heart of the metal conversion process, it constantly strives to develop and strengthen the links between applied research and manufacturers.

Events