The construction industry is like no other. The risk reward pivot is tremendously magnified. With decades of experience navigating construction project financials within the civil infrastructure, mining, power and the oil & gas sectors, we are here to help you stay on top of your project financials, at every milestone.
The success of any construction project hinges on the accuracy, predictability and reliability of the project cost forecast and the resulting timely course corrections that may be needed to get it back on track.
We work with you to provide accurate, reliable and timely project financials enabling you to make the right decisions quickly to protect project margins.
Global accounting standards have evolved over the years and in most cases now require construction contracts to be reported using frameworks specific to the industry such as IAS 11 and IFRS 15 whereby revenue is recognized as cost is incurred against either project milestones or the total estimated cost forecast. The integrity of such revenue recognition hinges on the accuracy and reliability of the underlying project cost forecast. Any changes to the overall project cost estimate during execution leads to swings in the project financials.
At wefinx, we help you zoom in on the key building blocks of your project cost estimate to ensure your project financials are up to date.
Our deep expertise in construction accounting honed over several decades of experience in the public and private sectors make us the right partner to have by your side for your construction & contracting business.
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