Financial management in the construction industry involves effectively managing the financial resources of a construction project to ensure its financial viability, profitability, and adherence to budgetary constraints. It includes various processes related to budgeting, cost control, financial analysis, and cash flow management.
Here are the key steps involved in the financial management process in the construction industry:
By effectively managing financial resources, construction companies can ensure project profitability, financial stability, and successful project outcomes.
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