Time is money to owners, builders, and users of the constructed facility. From the
owner’s perspective there is lost revenue by not receiving return on investment, cash flow
crunch, potential alienation and loss of clients/tenants, extended interest payments, and
negative marketing impacts. From the users’ perspective, there are financial implications
similar to owners. Delays in upgrading facilities translate into operating at below optimum
efficiency resulting in higher user cost. Delays in constructing or rehabilitating
infrastructure negatively affects businesses and the public at-large. Time implications from
the constructor’s perspective include liquidated damages (negative) and
incentive/disincentive payments. Delays result in extended overhead costs and puts a
crunch on critical cash flow. Extending project durations limits the constructor’s bonding
capacity and ability to bid more work (opportunity cost). Inefficient time management
results in higher labor and equipment costs. A reputation for late completions is bad for
business, especially in negotiated work.
All this Time related Problems can be reduced to almost 0% by using an effective ERP solution. eresource Nfra is exclusively designed for project based Industry.
owner’s perspective there is lost revenue by not receiving return on investment, cash flow
crunch, potential alienation and loss of clients/tenants, extended interest payments, and
negative marketing impacts. From the users’ perspective, there are financial implications
similar to owners. Delays in upgrading facilities translate into operating at below optimum
efficiency resulting in higher user cost. Delays in constructing or rehabilitating
infrastructure negatively affects businesses and the public at-large. Time implications from
the constructor’s perspective include liquidated damages (negative) and
incentive/disincentive payments. Delays result in extended overhead costs and puts a
crunch on critical cash flow. Extending project durations limits the constructor’s bonding
capacity and ability to bid more work (opportunity cost). Inefficient time management
results in higher labor and equipment costs. A reputation for late completions is bad for
business, especially in negotiated work.
All this Time related Problems can be reduced to almost 0% by using an effective ERP solution. eresource Nfra is exclusively designed for project based Industry.
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