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The Future of Construction Finance: Overcoming the Pandemic

The effects of the COVID-19 pandemic on the construction industry have made it difficult to sustain normal operations. A decrease in the available workforce combined with increased social distancing and site safety requirements are two main reasons for project delays. Another major factor we must consider is the availability of resources. Raw material and finished goods have been significantly delayed in many parts of the world, causing shortages and substantial cost increases. What does this mean for the industry?

Moving forward, at least for the immediate future, profit margins are going to suffer. Effective cost management is going to be essential and having the right software solutions to assist in these efforts is key to success.

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