If you’ve ever been in a situation where your project is steadily going over budget, your reported finances are often inaccurate, or you end up missing crucial financial insights because of unorganized project financial tracking, we don’t need to tell you the benefits of keeping accurate, organized financial data for all of your projects.

In this guide, we’ll tell you everything you need to know about financial reporting for construction projects, including the importance of reports for construction businesses, some important things to include in financial reports, the best way to manage financial reports, the challenges that come with not using financial reports, and some best practices for creating reports.

Managing multiple construction projects as a contractor can be overwhelming, stressful, and time-consuming if you don't stay on top of every aspect of each project; it can cause you to waste time, lose money, and create unhappy clients.

Here are some crucial ways to manage multiple construction projects simultaneously so that you can manage successful projects each and every time.

Accurately measuring the success of a construction project can be difficult if you don’t know what to look for, especially when there are so many different aspects of a construction project to manage. 

Here are a few key performance indicators that can help you in determining whether or not your construction projects are succeeding, as well as some specific ways you can ensure each of those factors are accurately being measured: