Request a Call Back
Request a Call Back

Enhanced Budget Tracking for a Construction Company

  • Home
  • Case Details
  • Enhanced Budget Tracking for a Construction Company

Client Overview

A mid-sized construction firm managing multiple infrastructure projects across the region was struggling with recurring budget overruns and missed corrective timelines, affecting profitability.

Select an element to maximize. Press ESC to cancel.
 

The Challenge

The company struggled with:

  • Frequent cost overruns
  • Delayed corrective actions due to late cost visibility
  • Lack of alignment between budget planning and project execution

Budgets were not linked to actual project scopes, and there was no structured method for comparing actual costs against allocated budgets in real time.

Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 

Our Solution

We worked with the commercial team to redesign the budgeting and tracking process for better alignment and control.

Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 

Budget Structuring

  • Cost Categorization:
    Budgets were split into four primary categories:
    • Material Costs
    • Subcontractor Costs
    • Labor Costs
    • Project Overheads
  • Implementation of BOQ-Linked Tracking:We implemented a cost tracking system aligned with BOQ codes, ensuring that all actual expenses could be directly compared to budgeted amounts.
  • Monthly Monitoring & Reporting:A reporting framework was established to review budget vs actuals on a monthly basis, allowing the management to track financial performance proactively.
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 

Results achieved

  • Early Cost Overrun Detection

    Enabled timely actions and financial control

  • Clearer Cost Visibility

    Aligned real-time expenses with budgets and project billing milestones

  • Boosted Profitability

    Variation claims and corrective steps improved margins

  • Better Decision-Making

    Management gained clear visibility into project financials

By restructuring the budgeting system and integrating it with real-time cost tracking aligned to BOQ, the construction company significantly improved financial control and reduced the risk of project overruns. The result was more accurate reporting, proactive management, and increased financial discipline across all projects.

Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 
Select an element to maximize. Press ESC to cancel.
 

Case Details

Clients : International Expansion

Service Provided: Budget Structuring & Real-Time Cost Tracking

Industry : Construction

Let’s Work Together!

Call us now!, submit a sample or email us!

Our Address

Al Deyaar 1 - Office 404 - Al Barsha - Al Barsha 1 - Dubai - United Arab Emirates

Our Phone Number

+ 971 50 2839 209

Email

info@dxrise.com

Get In Touch