Imagine you’re building a house, but no one’s checking the plans, tracking the budget, or making sure the materials fit the design. Sounds like a recipe for disaster, right? You may be surprised to hear that when your company doesn’t have proper construction expense management, it can be just as disastrous. Inaccurate and unorganized construction expense tracking can lead to project delays, budget overruns, and even legal trouble. Let’s dive into the 8 biggest mistakes construction companies make when tracking expenses, and how to solve them.
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