Cost reconciliation in construction projects

Introduction

Construction projects involve millions (and sometimes billions) in spending on expenses that range from people to material and equipment. While reconciling costs is a common-place activity, we find that many finance, accounting and commercial teams in construction projects lose precious time every month trying to complete their reconciliation activities.

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Getting started and managing users with Morta

Signing up to Morta

Signing Up to Morta is extremely straightforward. Users can choose their Microsoft or Google accounts or alternatively enter an email and set a password after agreeing on terms and conditions. Kindly follow the simple steps below. You will be receiving an email to verify your email address and once you click on the verification url, you will be able to login to your account successfully.

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BIM4Water Product Data Templates

After attending the UK BIM Alliance Infrastructure Virtual Conference last week, we came across the BIM4Water Product Data Templates. In line with other product data templates we have come across (eg. BIMHawk), we found that the Product Data Templates were created, stored and managed on excel.

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Morta Use Cases

In our last post, we highlighted that Morta's platform is as flexible as a spreadsheet. We are working with organisations across the supply chains across a range of functions to improve data quality, connect information and automate processes.

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Spreadsheet

Spreadsheets in construction - The good, the bad and the ugly

In every construction project and organisation, you'll find tens of spreadsheets, for all kinds of things - heck some organisations even have a "spreadsheet of spreadsheets". They are cheap, easy to use, available for everyone and extremely flexible - so what is not to like? In fact, regardless of the function you work in, at least one of your processes will likely be managed using a spreadsheet.

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Introduction to Morta

Many have commented on the stagnant productivity and the state of digitalisation in the industry. The challenges we face ranging from increased demand to limited financing, climate change, and Covid-19 makes these problems more prominent than ever. 

Over the last few years, this has led to increased adoption of software in construction to improve performance, and advocates for emerging technologies ranging from AI to digital twins and robotics.

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