Engineering & Construction
Lifecycle Cost Management Software
Contruent is used by Engineering and Construction firms as the gold standard for construction cost control software. For Engineering and Construction (E&C) firms, projects are constantly increasing in size and scope while competition keeps margins thin. In one moment, a project that was running smoothly can be thrown off schedule and go over budget — leaving project changes to erode those margins even further.
Without comprehensive cost control, troubled construction projects can spiral out of control before anyone even recognizes a problem exists. Consequently, engineering and construction firms are faced with mounting pressure to adopt stringent project cost and earned value management processes to enable complete project transparency. Contruent’s lifecycle cost management software is a trusted E&C solution.
AECOM was able to reduce their project controls cost per project by 25 percent from 2014 to 2016 through a combination of process improvement and system implementation, of which Contruent was a big part.
Common Challenges for E&C Firms
- The industry is slower to adopt and embrace digital technologies that can help them function more efficiently
- Lack of transparency in stakeholder relationships and organizational data silos
- Improving forecasting and structuring decentralized data
- Analyzing and managing project data to make significant operational improvements to mining
- Overcoming innovation barriers
- Shifting from risk assurance to the anticipation of emerging risks
20 Years of Experience Partnering with Engineering and Construction Firms
Contruent works with top global engineering and construction firms to improve their project management throughout the project lifecycle, from procurement through project delivery. After more than 20 years, Contruent is used on numerous projects across large, multi-disciplinary engineering and construction companies including AECOM, Laing O’Rourke, URS, and Chiyoda.
Solving E&C Firm’s Problems: The Benefits of Lifecycle Cost Management Software
Integrate with Other Software and Systems Already in Use
Provide Multiple Forecasts for Cost and Earned Value
Implementation of Contruent is Far Faster than the Competition
Graphically Analyze and Report across an Organization
Easily and Effectively Manage Budgets and Baselines
Utilize Built-In Earned Value Management Standards
Project Data Integrity and Trustworthy Calculations for Decision-Making
Transparency and Tailored Reports for Every Level and Stakeholder
Shift from risk assurance to the anticipation of emerging risks
Cost Management Solutions for All Construction Projects
Laing O’Rourke’s Partnership with Contruent
Laing O’Rourke, a leading firm in the construction industry, transformed its project management efficiency and labor cost forecasting by implementing Contruent’s software, leading to an 80% reduction in the time required for calculating labor forecast costs. This shift enabled more accurate, real-time data processing, integrated project controls and streamlined reporting — enhancing their ability to manage complex projects with a lean team and boosting overall confidence in project outcomes.
AECOM’s Partnership with Contruent
AECOM, a global Engineering and Construction Company, transformed its project management processes by implementing Contruent, leading to a 25% reduction in project costs, enhanced data integration and improved scalability and efficiency. Through this integration, AECOM overcame challenges associated with disintegrated data and inconsistent reporting — streamlining operations and fostering standardization across its large-scale projects.
Improve your Project Controls Strategy
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