The construction industry, a vital pillar of Australia’s economy, is currently navigating a transformative period marked by significant challenges and potential opportunities. In recent weeks, insights gathered from industry experts and leaders have revealed the critical financial and operational issues impacting the sector. This article delves into these key issues and highlights the pivotal role...Read More
The Australian construction industry is a critical component of the national economy, contributing significantly to employment and GDP. The industry encompasses residential, commercial, infrastructure, and industrial construction. As we look ahead to FY25 and beyond, the outlook for the Australian construction industry is shaped by various factors including economic conditions, government policies, technological advancements, and...Read More
Work-in-progress (WIP) management is a critical aspect of financial and operational efficiency for organisations involved in project-based work, particularly in the professional services sector. WIP represents the value of work that has been performed but has yet to be invoiced. Effective WIP management ensures accurate billing, optimal resource allocation, and financial health. This detailed white...Read More
