Drive project profitability with access to real-time construction data
As the Director of Construction, you need a quick way to track overall operations, project health and ensure projects meet both client and company goals. RedTeam’s software solutions for comprehensive construction budget management give you the visibility you need to monitor employee, project and company performance—from preconstruction to closeout. So you can stay ahead of challenges, hit project milestones and ensure continuous growth.
Strategically plan, track and improve company and project performance with construction management software
With RedTeam’s solutions for construction budget management, you have access to centralized financial and operational insights. So you can craft smart strategic plans and continually refine them. Enable company success project after project.
Plan strategically with company-level reports
Achieve better cost control and drive future revenue. With comprehensive reports, you get detailed visibility into company financials to plan future growth while staying on budget now. Compare estimated versus actual costs. Identify missed preconstruction costs and evaluate if internal changes were avoidable.
Maximize construction budgets from start to finish
Ensure current and future estimates are accurate with an integrated system that auto-populates real-time project costs into the budget. Get the dynamic job cost data you need to protect your profit margins. RedTeam's construction budgeting software solutions seamlessly track deviations from initial bids to reduce budget overruns.
Meet scope, cost and quality goals with project dashboards
See the real-time status of every construction project. Track progress, budgets and resources to spot potential issues before they become big problems. Allocate material and labor effectively, control costs and maintain quality standards. Continuously keep your projects in line with strategic objectives.
Stay on top of open items to avoid potential bottlenecks
Checklists, safety and punch lists enable teams to quickly call out and solve issues on the jobsite. Instant notifications keep you informed of updates as they happen. So, you can avoid missing milestones and substantial completion dates.
Hit project milestones with precise construction scheduling tools
Highly visible Gantt schedules and timeline updates, including those caused by authorized customer changes, help you plan and pivot. Share project updates instantly with vendors to avoid project delays.
Improve collaboration and accountability with construction software and manage budgets and operations more effectively
Highly collaborative tools, task and cost management features keep everyone on the same page and ensure stakeholders are invested in moving projects forward. With RedTeam, you grow your client relationships with successful projects for repeat business.
Provide visibility to project owners and solidify client relationships
Inform and engage clients at every stage of a project with highly collaborative documents, owner portals and scheduled field reports. Offer clear and honest updates to set expectations and gain their trust. So you can build a positive reputation and win more work.
Leverage robust accounting integrations to align finance and operations teams
Keep departments in sync and reduce strain with real-time construction data that matters to both finance and operations teams. Promote accountability with metadata that automatically tracks who took what action and when.
Ensure consistency across teams with company-specific templates
Keep project teams on track with company-approved templates that include terms and conditions. So you can standardize processes, ensure teams follow proper workflows and reduce risk.
Alleviate cash flow issues to stay on schedule and within budget
Real-time progress and reporting ensure your team bills your client for all work completed and stored materials, using validated work progress reporting. Prevent underbilling to ensure funds aren't tied up and can't negatively impact your schedule.
Ready to learn more? Book a live, personalized demo today.
Explore the construction management tools that help maintain operational oversight and keep budgets on track
How can I keep track of company performance to ensure long-term growth?
With RedTeam’s construction management solutions, your team has access to multiple performance reports. Configure and share them with stakeholders as needed.
- Company-level dashboards including key financial and operational metrics and data
- Estimates at complete
- Estimated Profit report
How can I create more accurate estimates and project budgets?
RedTeam Flex’s preconstruction features ensure you create compelling CMAR project proposals based on accurate estimates.
If you’re competing for hard-bid projects, RedTeam Go’s bid solicitation features help you prepare proposal packages to win the work.
Here are some of the features available to you:
- Spreadsheet-style estimates with automated calculation of cost and price
- Estimate tracking with up-to-date revisions
- Seamlessly turn awarded project estimates into your baseline budget
- Real-time budget reports and budget adjustments and tracking
- Create commitments and vendor changes from quotes received during estimating
How can I keep track of project performance against the budget?
Keep track of the financial health of your project with these construction budget and project management features:
- Project-level dashboards to track open issues
- Detailed budget reporting with forecasting and estimates at complete
- Project-level revenue reports that provide a real-time snapshot into project financial health
How can I manage client expectations and show my company’s value to owners?
Both RedTeam Flex and RedTeam Go include the tools you need to keep owners and other stakeholders informed on project updates.
- The collaborative online Planroom in RedTeam Flex allows you to easily communicate and share updates
- A designated owner portal in RedTeam Go provides up-to-the-minute project updates
- Performance Overview reports track work in progress and provide clear insights into project progress
- Indicated Outcome reports allow your team to provide timely project projections
How do I ensure effective collaboration between operations, accounting and vendors?
By combining project operations, accounting and vendor management tools in a single solution, RedTeam’s construction management solutions help you align project teams. Take advantage of:
- Robust accounting integrations with QuickBooks, Sage and Acumatica
- Detailed revenue reporting
- Real-time Work in Progress (WIP) reports
- Vendor invoice approval workflows
- Owner billing along with detailed cost documentation.
- Owner payment details from the accounting system will pull into your project.
What project management features can I use to schedule work and track progress?
RedTeam’s construction management solutions feature scheduling and field management tools to help you keep work on track.
- Integrated Gantt schedules to plan and manage tasks
- Highly collaborative field management workflows
- Project checklists and daily progress reports
- Punch and safety lists with resource tracking and history
- Create potential changes directly from Requests for Information (RFIs) as needed
How do I prevent cash flow issues?
Leverage these construction financial management features to help prevent cash flow issues:
- Customer progress billing, including detailed supporting documentation
- Project progress reports
- Expense and vendor invoice approval workflows
- Project Financial Overview report
- Job Cost Statement report
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Our solutions support your entire team
From Project and Preconstruction Managers to Presidents and CFOs, RedTeam has features that streamline your team’s day-to-day.
Dive into our blog series: Change management for General Contractors
This 3-part blog series is your roadmap to smoother transitions in the digital age of construction. Discover how to seamlessly Integrate construction software into your company, and understand the critical role that people, processes and technology play in change management. Then learn how to apply change management best practices for selecting the right software and get practical tips for effective implementation.