The discipline of forecasting improves management acumen across the company thereby enhancing profitability and resource utilization. There are few things that will improve the financial acumen and communication within your team more than building an accurate and collaborative forecasting process.
At the simplest level, you will be forecasting profitability based on your Work-In-Progress run-off and overhead budget.
As you improve the accuracy of this basic model, you will continue adding information and using the feedback to drive decisions improving profitability including.
We have worked with many types of Contractors and systems to develop forecasting systems appropriate for their business.