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Kenny Ingram, Vice President of Engineering, Construction, and Infrastructure at IFS, explains how complex, high-value projects in the construction and engineering industry come with exceedingly small profit margins, leading to significant business risks. It is therefore imperative to have effective project financial control to remain profitable. The global construction market is expected to skyrocket from US$4.5 trillion to US$15.2 trillion by 2030, making the implementation of efficient project financial control now more important than ever to ensure success in the face of such rapid growth.
Read the full article from IFS here.
