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Avoiding Losses in Engineering Projects: Reasons and Solutions

The first reason why projects can experience losses is due to poor planning and inadequate budgeting. Without a well-designed plan, there can be a lot of unanticipated expenses that can lead to increased costs. Additionally, sudden changes or unexpected events can lead to a rush of last-minute expenses, driving up the project cost even further. A well-planned project with a detailed budget can help prevent such a situation.

Another reason why projects can experience losses is due to poor site management. An unorganized site can lead to additional costs such as increased transportation costs and lost productivity due to time spent searching for equipment and tools. Furthermore, if there is inadequate communication and coordination among the workers and supervisors, this can lead to confusion and errors, leading to increased rework, delays, and additional expenses.

A third reason for losses in engineering projects is related to inadequate experience and expertise. Inexperienced workers can make mistakes or take longer to complete tasks, leading to increased labor costs. Similarly, if there is a lack of experienced and knowledgeable managers, this can lead to poor decision-making and inefficient resource allocation, driving up costs further.

Another factor that can lead to losses in engineering projects is financing. High-interest rates on loans can lead to increased costs over time, making it more difficult to repay the debt. Additionally, if there are insufficient funds to complete the project, this can lead to delays and increased costs.

Safety is also a crucial factor that can impact project profitability. Accidents and injuries can result in hefty penalties and compensation, leading to significant financial losses. Safety should always be a top priority on any construction site.

Finally, non-payment or late payment from clients can lead to significant cash flow problems for contractors and subcontractors, causing project delays and increased costs.

To avoid losses in engineering projects, proper planning, organization, and communication are essential. A well-executed project plan with a detailed budget and contingency plan can help prevent unexpected expenses. Effective site management, including good communication and coordination, can help minimize lost productivity and additional expenses. Skilled workers and experienced managers can help ensure efficient work processes, while adequate financing and safety protocols can help prevent costly accidents and penalties. Finally, timely payment and careful cash flow management can help ensure smooth project completion.

In conclusion, there are many factors that can lead to losses in engineering projects. By understanding these factors and taking proactive steps to mitigate them, contractors and project managers can help ensure project success and profitability.

icon How to open Ding Drive?
icon How to open Ding Drive?
icon How to send files from Ding Drive?

icon How to save files to Ding Drive?
icon What is DingTalk Task?
icon Task management
icon Meeting management 
icon What is DingTalk Task?

DingTalk provides a powerful task management method. All tasks including DINGS, meetings and tasks from messages and emails will be automatically synced to your DingTalk task.
You can create tasks and meetings for yourself and others. Never miss a single task again!
icon Task management

icon Create task from chat
No matter is text, photos, files, or even voice, you can turn everything into task.
Long click the message which you want to convert into task
Click “Convert to Task”
Finish the settings and click “Send” at the top right corner
icon Create task from “DING” Tab
Click “DING” tab – Click “+” button at the bottom right corner.
Click “Task”
Finish the settings and click “Send” at the top right corner
icon How to finish task
Click “DING” – Click “Task”
Click the check box in front of the task, and it is marked as done.
icon Meeting management

icon How to make a meeting appointment?
Click “DING” tab – Click “+” button at the bottom right corner.
Click “Meeting”
Finish the settings and click “Send” at the top right corner
icon How to use DingTalk to check-in?
DingTalk can help you check-in for meetings.
Once a meeting with others is fixed, select “DING”- click “Meeting”
Choose the meeting that you need others to check-in
Click “Check-in”
Click “QR Code” at the top right corner – Project the QR Code to attendees and ask them to scan it. Those who scan the QR Code will be marked as checked-in
icon How to accept/decline a meeting?
Once you receive a notification for a meeting, you will get a pop up with three options: Accept, Decline or Ask again later.
If you miss it, you could also go to “DING” – Click “Meeting”
You can find the meetings awaiting your response and choose to accept or decline.
icon  What is DingTalk approval?
icon  How to setup role?
icon  How to setup the workflow?
icon  How to create a approval template?
icon  How to submit an approval?
icon  How to pass an approval?
icon  What is DingTalk approval?

DingTalk ”Approvals” is a built-in application for users. Managers can customize the templates as per their requirements. Employees can submit approvals from both desktop and mobile.
DingTalk “Approvals” is less time consuming and increases the efficiency of the company.
Set up roles to help build your approvals workflow.
icon  How to setup role?

We only support to set up roles on dashboard.
Please visit “http://oa.dingtalk.com” and try.
Why we need to set up roles?
Set up roles to help you make the approval workflow more organized
icon  How to setup the workflow?

You can only setup the workflow on dashboard.
Please visit “http://oa.dingtalk.com” and try.
icon  How to create a approval template?

You can only create a template on dashboard.
Please visit “http://oa.dingtalk.com” and try.
icon  How to submit an approval?

Click “Work” tab – Click “Approval”
Choose the template and click it
Fill the form and click “Submit”
icon  How to pass an approval?

Click “Work” tab – Click “Approval”
Click “My Approvals” to check which is pending
Click the item
Choose accept or reject – write down the review and click “Confirm and Approve”
icon  What is DingTalk attendance?
icon  Attendance group management
icon  How to get Attendance Report?
icon  How to Clock in/out?
icon  How to verify your company?
icon  How to set up role?
icon  What is DingTalk attendance?

DingTalk attendance system is a free mobile attendance system that saves both time and money.
How to setup attendance on DingTalk?
1. Setup an attendance group where everyone has the same attendance rules.
2. Create an attendance rule for the attendance group.
icon  Attendance group management

icon How to create an attendance group?
Click “Work” Tab – Click “Attendance”
Click “Settings” – Click “Add Attendance Group”
Fill the form and click “Next”
Click “Att. Time” – Click “Add a Global Shift” to create a new shift based on your policy.
Fill in the details as per your company policy:
1. “Clock-In” is the time set by the admin for employees to do attendance. If employees clock-in after the set time, he/she will be marked as late.
2. “Clock Out” time means employees can clock out after the timing. If employee clock out before the timing, he/she will be marked as leave early.
3. ”Clock-In Flexibility Time” is the range set by admins. This gives an employee a chance to make up for the late clock-in. For example, if the clock-in time is set at 9:00am and clock-out time is set at 18:00pm with the flexibility time set at 30min, and an employee clocks-in at 9:30am he/she can only leave at 18:30pm. This will be marked as normal attendance.
4. “Very Late Clock-ins” is the time set by admin that is counted as very late clock-in. For example if ”Very Late Clock-ins” is set to 60mins, employees who clock-in at 10:01am will be marked as very late.
5. “Absenteeism”, under this, admins set a time after which employee clock-ins will be marked as absent. For example if it is set at 3 hours, employees who clock-in at 12:00pm will be marked as absent.
Choose the shift and click “Save” at the bottom.
Two ways for employees to clock-in:
1: Use the office Wi-Fi to clock-in: Employees clock-in while connected to the office Wi-Fi.
2: Use the GPS location: Use the GPS location to register your location and clock-in.
Click “Add Office Location” to set your office location.
Click “Save Attendance Group” and it is done.
icon How to edit an attendance group?
Click “Work” tab – Click “Attendance”
Click “Settings”, you can choose either “Edit Rules” or “Edit Members/Managers”
icon How to remove an attendance group?
Click “Work” tab – Click “Attendance”
Click “Settings” – Click “delete” icon
icon  How to get Attendance Report?

Click “Work” tab – Click “Attendance”
Click “Statistics” – Click “Report”
Choose the range and click “Export Report”
Go back to “Messages” – Click “Notice:”
You can find your report here
icon  How to Clock in/out?

Based on the attendance rules set by your company, you have to be within the set location range or connect to the office Wi-Fi before clock-in.
Click “Work” tab – Click “Attendance”
Once you enter the range or connected to office Wi-Fi before clock-in time, it will show like this.
If you are late, it will shows like this.
If you are not connected to the office Wi-Fi or not within the attendance range, your clock-in will look like the picture below. Such clock-ins will be marked as “Off-Site. Please check with your admin, if you are allowed to do off-site clock-in, or this may affect your salary.
icon  How to verify your company?

Open “Contacts” – Click settings button of the organization.
Scroll down and click “Enterprise Verification”
Fill in the details and upload the scanned version of the company certificates and click “Submit”
DingTalk Services Team will review it in five days. You can check the review status here.
icon  How to set up role?

We only support to set up roles on dashboard.
Please visit “http://oa.dingtalk.com” and try.
Why we need to set up roles?
Set up roles to help you make the approval workflow more organized
icon  How to add friends?
icon  How to start a chat?
icon  How to create group chat?
icon  How to use Ding?
icon  How to start a voice/video call?
icon  How to send photos?
icon  How to send files?
icon  How to recall messages?
iconHow to reply messages?
icon How to add friends?

Please note, you do not have to send friend requests to your colleagues if they are in the same organization as you. You can directly find them and chat.
For those who are not in the same org-chart as you, please add them as a friend for further communication.
Click the “+” button at the top right corner – Click “Add Contacts”
Three ways to add friends
1: Search their mobile number and send a friend request
2: Scan the QR code to add friend
3: Select “Add from Phone Contacts” and click “ADD” to send a request.
iconHow to start a chat?

Click “Search” bar
Enter the name/phone number/nickname/department to find the one you want.
iconHow to create group chat?

icon  Create group chat from “+” button
Click “+” button at the top right corner – Click “Group Chats”
Select members and click “OK”
Fill the info – Click “CREATE GROUP CHAT”
Click “Group Type” to switch between “Internal Group” and “General Group”
icon  Create group chat directly in chat
Enter a chat and click “Account” button at the top right corner
Click “Add New Member”
Select members and click “OK”
Fill in the details – Select “Create Group Chat”
Click “Group Type” to switch between “Internal Group” and “General Group”
icon How to use Ding?

Once you send a message, you can view the read/unread status here. This indicates how many people have read/unread the message.
You can view the detailed list of who has read the message and who has not read the message. Select “DING” to send notifications to those unread.
Select the people you want to notify, click “Remind” and choose a way to notify them.
Once sent, those who have not read yet, will receive a notification like this.
icon  How to start a voice/video call?

Enter the chat where you want to start a call. No matter is a single chat or group chat. Click “+” button at the bottom right corner
Click “Video Call”
Choose “VoIP” for voice call. Choose “Video Call” for video call. ( Both calls are consuming network data plan)
Host can mute all. Click the red button to quit.
iconHow to send photos?

Enter the chat where you want to send photos. No matter is a single chat or group chat. Click “+” button at the bottom right corner
Click “Photos”
Select the picture you want to send, click “OK” at the top right corner. (Select “Full Image” if you want to send the original image)
iconHow to send files?

Enter the chat where you want to send photos. No matter is a single chat or group chat. Click “+” button at the bottom right corner
Swipe left to the second screen – Click “Files”
Select files you want to send, and Click “OK” at the bottom right corner.
icon  How to recall messages?

Long press the messages you would like to recall.
Click “Recall”. Messages can only be recalled in 24 hours
icon  How to reply messages?

 Long press the messages you want to reply
Click “Reply”.
Type down what you want and send.
icon  How to setup org-chart on DingTalk?
icon  How to create department group?
icon  What is internal group?
icon  How to set sub-administrator?
icon  How to verify your company?
icon  How to set up role?
icon How to setup org-chart on DingTalk?

Step 1:  How to create departments?
Open “Contacts” – Click “My Organization”
Click “Edit” button at the top right corner – Click “Add Sub-department” at the bottom right corner
Input the “Department name” and Choose the “Superior Department” – Click “COMPLETE” at the top right corner and it is done.
Step 2: How to setup department manager?
Open “Contacts” – Click “My Organization”
Enter the department which you want to set – Click “Edit” at the top right corner.
Select “Admin(s)”– Choose the manager. Note: Only people who are already in this department can be set as “Manager”
Click “Edit” at the bottom right corner.
Step 3:  How to move employees into other departments

Open “Contacts” – Click “My Organization”
Go to the department in which the employees you want to move – Click “Edit” button on the top right corner.
Click “Batch Move Employees” – Choose the members and click “OK” at the top right corner
Choose the department you want to move – Click “OK” at the top right corner – Done
How to create department group?
Open “Contacts” – Click “My Organization”
Enter the department which you want to set – Click “Edit” at the top right corner.
Click “Edit” at the bottom right corner.
Click Group Chat if it is “not created yet” – Turn on “Include sub-department employees” if needed.
(Once turned on, the department group will contain all employees under this department, including sub-departments)
Click “COMPLETE” at the top right corner, and it is done.
icon How to create department group?

Open “Contacts” – Click “My Organization”
Enter the department which you want to set – Click “Edit” at the top right corner.
Click “Edit” at the bottom right corner.
Click Group Chat if it is “not created yet” – Turn on “Include sub-department employees” if needed.
(Once turned on, the department group will contain all employees under this department, including sub-departments)
Click “COMPLETE” at the top right corner, and it is done.
icon  What is internal group?

Only employees in your company can join the internal group. Once an employee leaves the organization, they will be removed automatically from all internal groups.
Two types of internal groups:
Department group
A department group is automatically created by DingTalk. Under this, only employees within a department can join, once they change their department, they will be removed from the department group automatically. The yellow tie represents department group.
Internal group
The group admin can chose to create an internal group. Internal groups can only be joined by employees inside your organization. The blue tie represents internal group.
icon  How to set sub-administrator?

What is sub-administrator?
Main administrators can setup multiple sub-administrators with restricted access, so that the sub-admins can manage org-chart, attendance, approvals etc.
Open “Contacts” – Click settings button of the organization.
Scroll down and click “Administrator Settings”
Click “Set Sub-administrator” – Click “Add” button at the top right corner
Fill in the details and set sub-administrator
Click “Members” – Choose the one you want – Click “OK”
Click “Scope” – Choose the scope you want to set.
Click “Assign Permissions” – Select the permissions you want to grant.
Click “Save” and it is done.
icon How to verify your company?

Open “Contacts” – Click settings button of the organization.
Scroll down and click “Enterprise Verification”
Fill in the details and upload the scanned version of the company certificates and click “Submit”
DingTalk Services Team will review it in five days. You can check the review status here.
icon  How to set up roles?

We only support to set up roles on dashboard.
Please visit “http://oa.dingtalk.com” and try.
Why we need to set up roles?
Set up roles to help you make the approval workflow more organized
icon  Manually add teammates


icon  Send invitation via other apps


icon Batch import contacts


 

Manually add teammates


Open DingTalk – Click “Contacts” – Click “My Organization”

 

Click “Edit” on the top right corner
Click “Add Employee” and select “Add Manually”. You can also add employees directly from your phone contacts by selecting “Add from Phone Contacts”
Enter the details of the employee. It is recommended to fill all the fields as it will make organization’s directory strong
Select the department of the employee from the organization structure. An employee can be a part of multiple departments
Select “Save and Continue” to continue adding contacts or select “Complete” on the top right corner to save and exit.
Send invitation via other apps

Open DingTalk – Click “Contacts” – Click “My Organization”
Click “Invite”
Choose the platform through which you want to invite
Once your teammates submit a request, you can view the request in “Messages”- “Team Request” and accept
Batch import contacts

You can only batch import your contacts on PC.
Please visit “http://oa.dingtalk.com” and try.

Create on mobile
Open DingTalk – Click “Contacts”
Click “Create Organizations”
Fill in the details – Click “Create Organizations”
Done
DingTalk is a communication & collaboration platform.
DingTalk assists in boosting individual and the team’s efficiency
DingTalk provides an all-in-one office solution for you.
– Easy communication with IM and call feature
– Org-chart helps you easily manage your team
– Ding Drive provides efficient file management
– Ding Mail helps to send and receive email easily
– Free attendance system, mobile clock in
– Free approval system, all done on mobile
– Smart reports, provide the statistics you need
DingTalk helps you focus on work.
DingTalk is built for work. Other messangers like WhatsApp or Facebook Messangers are full of friends and family, easily distracted by other information. You don’t even know they are working or chatting with others.
Communicate efficiently
Send text, images, voice clip, and gif to express yourself properly.
DING, the best way to notify others.
Free voice call and video call to have meetings.
Independent teamspace
DingTalk helps you to organize all your data, including contacts, documents, emails, images and videos.
Makes your work more organized
Easily convert messages, emails and files into tasks. Never miss a single thing. All tasks and meetings will be synced to your Ding Calendar. Makes your work efficient and organized
Manage your team easily
Org-chart helps you find all your colleagues easily, without having to send them requests. Announcements help you get everyones attention and notify them about any important information.
Attendance
DingTalk will automatically clock you in when you enter the office, based on either your GPS location or your office Wi-Fi. An attendance report will be automatically generated for managers & HRs to know the attendance status of teams and employees
Approval
DingTalk provide a free mobile approval system for you and your teammates. There are plenty of free available templates such as “leave”,”Business Trip”,”Overtime” etc. You can also customize your own approval template on DingTalk!

【Business Scenario】
1. The member company (My Signed Company A) of the group company undertakes Project A, which is contracted by the client company (Demo Owner). The project involves 1000 column piles with a construction cost of 10 million. In order to meet the business needs, it is internally subcontracted to another member company (My Operating Company NO.1) of the group company for a total subcontract price of 9.5 million, and the difference of 500,000 management fee is attributed to the profit of the member company (My Signed Company A).
2. The member company (My Operating Company NO.1) of the group company actually operates the sub-Project A.

【S1 Business Scenario-Internal Subcontract】Operating Manual
Part A. 【Business Undertaking Management】The member company (My Signed Company A) signs a “Income Contract” with the client (Demo Owner) for Project A. Other member company (My Operating Company NO.1) signs an “Disburse Contract” with the member company (My Signed Company A) as a supplier(subcontractor).
【Demo Owner】–【My Signed Company A】–【My Operating Company NO.1】

Step 1. Click “Basic Data” on the top navigation, click “Client” on the left navigation to enter the client list page, and click “(+Add)” to register the client company (Demo Owner) in the client company information.

Step 2. Register the member company (My Operating Company NO.1) in the “Basic information-Partner-Subcontractor” ,as the subcontracting unit of the client company (Demo Owner), and sign a subcontract contract with (My Signed Company A).

Step 3. Register the member company (My Signed Company A) in the “Basic information-Partner-Signed Company“ as the signing and undertaking unit of the client company (Demo Owner)’s Project A.

Step 4. Click “Project” on the top navigation, and click “Project Information” on the left navigation to register the Project A. After filling in the information, submit for approval.
(For approval process-related operations, please refer to step 5-step 7 in the “2.1 Project Management-Project Information” operating guide, the same below)

Step 5: Click on “Contract” in the top navigation, and then click on “Contract Signing” in the left-hand navigation of the “Income Contract” module to register “Construction contract”. Select “Construction Contract” as the contract type and submit for approval after filling in all necessary information.

Step 6: Click on “Contract” in the top navigation, and then click on “Contract Signing” in the left-hand navigation of the “Disburse Contract” module to register the subcontract agreement. Select “Professional Subcontract” as the contract type.

Step 7: Fill in the information and data based on the actual project situation, and register all key economic indicators in “Subcontract details”. The registered data can be used for output value statistics and subcontract settlement in the subcontract management module.

Part B. [Business Operation Management] My Signed Company A, a member of the group company, signs an “Income Contract” with My Operating Company NO.1 for the sub-project A. My Operating Company NO.1 then operates the project normally (managing cost, Labour, material,Equipment, and “Disburse Contract”).

Step 1: Register “My Signed Company A” as a customer unit in the “Basic information” section, which will be the contracting unit for “My Operating Company NO.1” in the actual operation of sub-project A.

Step 2: Register My Operating Company NO.1 as the signing contractor for sub-project A in the basic information section under “Signed Company”, which will subcontract to “My Signed Company A.” Other suppliers and subcontractors should be registered normally.

Step 3. Click “Project” in the top navigation, then click “Project Information” in the left navigation panel to register the subcontracted project (sub-Project A). After completing the form, submit it for approval.

Step 4. Click “Contract” in the top navigation, and in the left navigation panel of the “Contract” module, find the income contract “Income Contract”. Click “Contract Signing” and select the subcontracted project (sub-Project A) in the project selection area on the right to register the acceptance agreement after subcontracting. Select “Construction Contract” as the contract type. After completing the form, click “Submit” for approval.


Notes for follow-up business:

The subcontracted project (sub-Project A) will be operated by a member of the group company (My Operating Company NO.1);
When requesting payment from the client, reporting progress, process settlement, and handling rewards and punishments, My Signed Company A, a member of the group company, will still be responsible and register the transactions under Project A. When the client settles payment, My Operating Company NO.1’s team will handle it under the subcontracted project (sub-Project A).

THE END

This section provides an operational guide for settlement based on purchase orders, only applicable to public payment business scenarios. For personal cash purchases, please refer to the reimbursement business scenario.
1. Contract purchase orders
2. Small batch purchase orders without contract (Buy on a piecemeal basis)

Part A. Check Purchase Order

Part B. Material Receipt Confirmation


Part C. Material Settlement Confirmation
Material settlement can be carried out through contract settlement (material contract settlement) or non-contract settlement (Buy on a piecemeal basis). Click on the respective options based on actual situation.

1. Material contract settlement



2. Public sporadic purchase settlement


Settlement documents approved include the material contract settlement (for material contract settlement) and the non-contract settlement document (for public sporadic purchases).

Part D. Invoice Collection Confirmation (For Contract Procurement, Please Upload Formal Invoice as Attachment on Payment Application Page)
Path: [Finance] – [Bill Management] – [Ticket Collection Registration]
Explanation: The invoice collection function includes the registration of formal invoices and other collected receipts such as delivery notes, taxi receipts, train tickets, and other vouchers waiting for reimbursement. If there is a contract, only formal invoices are registered for public payment. If there is no contract, the registered documents will be used for personal reimbursement.


Part E. Payment Application Confirmation
Path: [Finance] – [Fund Application] – [Payment Application]

1. Payment Application for Material Contract

2. Payment Application for Contract-free Public Procurement Orders

Payment application after approval.

Part F. Payment Registration Confirmation
Path: [Finance] – [Fund Payment] – [Payment Registration]


THE END

Path: 【Material-Inventory Management】
Inventory management includes: Receipt of Storage, Material Storage, Form of Material Return, Pickup Form, Allocation Form, Stocktaking Form, Report Loss and Overflow.
Part A. Receipt of Storage
Step 1. Select the project in the project selection area.

Step 2. When materials are received, select the corresponding supplier on the receiving form page and click Import Purchase Order. Import the purchase order that needs to be received into the order according to the details listed on the order, and check the quantity of materials received. If the actual delivery quantity does not match the order, please first determine the reason. After confirming the accuracy, register according to the actual quantity received. Additional fees will be imported with the order. If “Unit Price” and “Quantity” do not match the actual situation, please adjust them reasonably. If there are other fees, they can be added, and expense documents, delivery notes, and photos of the goods can be added as attachments on this form page. After adding, save and submit for approval.

Part B. Material Storage
This page can query the inventory of warehouse materials by category and keyword. In order to avoid unnecessary waste caused by repeated purchases, the inventory inquiry process must be completed before purchasing.

Part C. Form of Material Returns
When the purchased materials exceed the planned usage, or problems are found in the material purchase plan during the actual construction process, we need to provide feedback to the material budget department and process the materials that need to be returned to the supplier due to various reasons.

Part D. Pickup Form
After the materials are picked up, they will be out of the material cost control system. The material keepers on the construction site are likely to be external personnel of the construction company or their own material management personnel. At this time, the quantity of materials used must be strictly controlled according to the construction progress, and the sample, use, and remaining conditions of the materials must be followed up in real-time to avoid material loss, unknown usage, repeated use, and waste of material labor costs caused by parameter mismatch, quality mismatch, incorrect use, and incorrect process. The first-hand data on site is also an important basis for us to compile material budgets and improve management for future projects.When problems occur, mechanisms should be established to promptly record and feedback the issues, and to prevent similar events from recurring in other projects, causing unnecessary losses.


Part E. Allocation Form
Material allocation is used to transfer materials between our project and other projects operated by the company, when our project experiences shortages or surpluses and the inventory of materials in other projects can be used to complement the materials. This helps to avoid work stoppages or delays caused by the untimely arrival of materials, and also helps to allocate and transfer the cost of materials after the transfer.


Part F. Stocktaking Form
Material inventory is carried out to ensure the accuracy of inventory and to ensure that the quality of materials meets the requirements, or to accurately report the inventory value in financial reports, and to develop more reasonable procurement plans and inventory management strategies.


A loss and overflow report is generated from the inventory form.

Part G. Report Loss and Overflow
Material inventory loss and overflow is an important management process. Loss refers to the reduction of material quantity during the inventory period due to loss, damage, expiration, etc., while overflow refers to the situation where the inventory quantity is greater than the actual demand. Reporting loss and overflow can help companies detect material losses or excess in a timely manner, avoiding resource waste and unnecessary cost expenditures.


After submission and approval, the Report Loss and Overflow is generated.

THE END

Note: Material Purchase Management is an important component of the Ming system (Note: The material purchase and inventory management modules can be run separately after project establishment). The material management workflow can be integrated with expenditure contracts, payments, cost management, and other data in the system. Material purchase and inventory management are key to project management, and the management results are directly related to profits.

Part A. Material Catalog
Material purchase and warehouse management must first maintain the material catalog. Material budgets, purchas阿plan, purchase Application, purchase contract, purchase order, including centralized purchasing modules, inventory management modules, and material name and classification information, must be read from the material catalog.

5.1.1.1 Add/Edit Material Category
Click on the top navigation menu “Material”, then in the left navigation menu bar, click “Material Catalog” to enter the material catalog list page. Click the “+ Add” button in the “Title of classification” area to add, or move the mouse to the end of the corresponding classification row and click “Edit”, “Add subclass”, “Delete” in the pop-up link to maintain. Click the “+ Add” button in the right area to add materials, or click the corresponding material row end link to perform corresponding operations and maintenance.

5.1.1.2 Add/Edit Material Details
In the pop-up modify or add interface, fill in the corresponding parameter data details, select the appropriate pricing unit and material category, and click the “Save” button to save after completion.


5.1.1.3 Import Material Catalog from xlsx File
Click “Download template” first to save the template. After maintaining the material catalog data according to the field names in the template, click “Click or drag file to this area” to upload and import the material catalog. If the page reports an error during import, please check whether the Excel file contains macros and other codes or unrecognizable codes, pictures, etc., whether the field values have been modified, and whether the file size exceeds 5M, then upload again.
If the error persists, please take a screenshot and contact us via email for technical support (web@mingjiancloud.com).


5.1.1.4 Export Material Catalog

Part B. Material Budget
Note:

When your organization purchases the “Cost” cost module and cost control is enabled for the project, please go to “Cost-Target Cost-Cost preparation” to prepare the material budget cost.
After the material budget is prepared, when planning, applying, ordering, contract signing, or settling purchases of materials, the total quantity/price will be automatically calculated and the system will prompt if the budget is exceeded.
Step 1. Select Project After entering the Material Management module, click “Material Budget” and select the project. After selecting the project, click the “+ Add” button to add a new material budget. Each project can only submit one material budget information. If you need to modify it, please click the blue lock before the list display to unlock and revise it.
(The unlock operation cannot be performed if the approval form is not completed. Please complete the approval first.)


Budget Preparation:



Part C. Material Plan
For large projects, a monthly purchase plan is required for material. The material plan generally corresponds to a unit-price controlled framework contract (which can also correspond to the purchase contract mentioned below), which can be provided by one supplier or multiple suppliers. However, whether it is a material plan, a purchase Application, or a purchase contract, from the perspective of managing funds security, confirmation through a purchase order is required when confirming the purchase of goods. Please also pay attention to the budget quantity and cumulative purchase quantity.


Material Plan Preparation:
When preparing the material plan, unless all the listed materials are supplied by a designated supplier, do not select a supplier. Otherwise, it will cause only the designated supplier to be available when generating a purchase order.

Part D. Material Application
Material application are generally used for unplanned scenarios, temporary purchases for public procurement, personal cash purchases, etc. The items have a small value, simple parameters, and do not require complex after-sales service. For materials that are not included in the material budget or are materials added due to temporary construction changes or change visas, it is recommended to adjust the material project. Because they will affect project profits, please carefully control the total quantity, total price, and budget cost to avoid exceeding the budget and increasing material costs without visas.



Part E. Material Procurement Contract
Material contracts are generally used for material procurement with advance payment, progress payment, and warranty payment. Because it involves complex payment terms and material equipment with complex parameters and maintenance service related content, a contract is needed to clarify the responsibilities and obligations of both parties.

Step 1. Click on the gear icon in the upper right corner to enter the backend parameter management. Click on the left navigation bar “Parameter setting” to enter the parameter setting function, select “Project level”. In the page project selection area, select the corresponding project, click “Material Control” to enter the setting interface, click to select “Enable”, and then click the lower right corner of the page “Save” to confirm the opening of the system’s material control function.

Step 2. Then click on the page navigation “Material” to enter “Material-Purchase Management-Purchase Contract”, select the corresponding project in the project selection area, click “+ Add” in the upper right corner to open the purchase contract content creation page.

Step 3. On the contract creation page, fill in the customer name for the purchase contract (i.e., the contracting company of PROJECT A shown in the figure), select the contract supplier (if not in the list, the subcontractor/supplier maintenance should be performed first), and select the supplier contact information will be automatically introduced. After selecting “Material Procurement” in the “Contract Type” section, the “Material detail” filling area will appear.



Step 4. Click “+ Select Material” to enter the material selection page, where you can select some or all of the materials in the material plan, or choose not to select any. Please fill in the additional fees according to the actual situation in “Add-On details”. If the agreement includes a “Payment plan” section, please fill it in truthfully and upload the confirmed contract draft and relevant attachment materials. Finally, save and submit for approval.


Please pay attention to fill in the “Tax rate” in the material details. Otherwise, the form may not be saved properly. If there is no tax rate to be selected, please choose 0%. (If there is no tax rate to be selected, please screenshot and email us at web@mingjiancloud.com)

Due to certain factors, the quantity, price, and total price of the materials and services actually purchased may need to be changed and adjusted during the procurement process. The procurement order change can be used to register and record the changes.

Open the page, select the contract that needs to be changed, fill in the change order content and details, and submit for approval.

Part E. Material Order

Three types of procurement orders:
1. Personal cash purchase: suitable for business scenarios where there is no contract, simple parameter specifications for auxiliary materials, accessories, or general materials, and temporary situations where the purchaser purchases with cash and then goes through the reimbursement process.
2. Contract purchase: suitable for business scenarios where a procurement contract or joint procurement contract has been signed, using a procurement order to confirm the current required quantity of materials and procurement list, and the supplier performs in accordance with the contract, with subsequent payment made by the company’s finance.
3. Public ad hoc purchase: suitable for business scenarios where no procurement contract has been signed, using a procurement order to confirm the current required quantity of materials and procurement list, and the supplier sends the goods for settlement later with frequent cooperation. Subsequent payment is made by the company’s finance.
Step 1. Click “Material” in the page navigation to enter “Material-Purchase Management-Purchase Order”, select the corresponding project in the project selection area, click “+ Add” in the upper right corner to open the new procurement order entry page.


Step 2. Open the Purchase Order editing page and fill in/select the corresponding data.

1. The signing company here can be flexibly selected, with the purpose of having the appropriate company name appear on the Purchase Order page when printing. This is because large construction companies often have professional purchasing companies to assist with project procurement.
2. Please select the appropriate purchasing type. Here we will demonstrate using contract purchasing. This same process can also be applied for ad hoc public procurement. However, for individual cash purchases, since it involves the reimbursement process of finance, please refer to the operating guidelines in the reimbursement process.
3. Select the corresponding material supplier. You can choose to add procurement contracts, purchase applications, and material procurement plans according to your needs. Click “+Add” in the “Material detail” area and they will appear in the selectable interface.


Step 3. On the material addition page, select the materials that have appeared in the material details by checking “In Contract”, “In Plan”, and “In Application” as needed. Click “confirm” to return to the detail editing page.

Step 4. Fill in the Purchase Order as needed and confirm the quantity of materials. Pay attention to filling in the “Tax rate” field in the material details. Otherwise, the form may not be saved correctly. If there is no tax, please select 0%. If there are additional costs, you can click “+Add” or use “Surcharge import” to import the contract surcharge.
(If the tax rate option does not appear, please take a screenshot and email us at web@mingjiancloud.com)

Step 5. Save and submit the Purchase Order for approval. After approval, go to the “Material-Purchase Management-Purchase Order” page and find the corresponding Purchase Order record. Click the record under “purchase order subject” to view the submitted Purchase Order. Click “print purchase order” in the lower left corner to enter the order printing page.

Step 6. Check the generated “print purchase order” page and confirm that the relevant information is correct. Print the order, affix a seal, and sign it for use in connecting with offline procurement matters.

THE END

The income contract includes a construction contract or other income contracts. A project may have multiple income contracts, but it is important to note that when a contract contains two or more items and the tax rates are different (especially when tax obligations are defined by law in the project’s location), it should be split into two contracts. In this case, we recommend designating one as the main contract and the remaining items to be reflected in a change contract.

3.1.1 New income contract
Step 1. Click on the top navigation to enter the “Contract-Income Contract” management module.
Step 2. Click on the left navigation to enter the “Contract Signing” function page.
Step 3. Select the corresponding project on the page. In this tutorial, we select the “2023 Demo” project as the demonstration operation process. Open the contract signing list page, click the lock icon next to the contract name, follow the prompts to open the data modification lock, and an “Edit” link will appear at the end of the row. Click to enter the contract signing modification page. You can also directly click “+ add” in the upper right corner to create a construction contract.
Step 4. On the “Contract Signing” function page, modify or fill in the corresponding content.

Scroll down the page to see the “Collection Plan” section. Register the payment collection time based on the payment agreement in the contract. Upload any existing contract documents or attachment materials, and all uploaded attachments can be viewed and managed in “Project Archive”. After completing the form, save or submit for approval (refer to the process for submitting approval when registering the project).

Note: When the business scenario requires the use of contract change function, perform the contract change. (This step is an optional function in the contract payment line. Contract signing and contract change data are related but can be submitted independently.)

3.1.2 New income contract change
Step 1. (Optional) Click on the left navigation to enter the “Contract changes” function page. Open the contract change signing list page, click the lock icon next to the contract name, follow the prompts to open the data modification lock, and an “Edit” link will appear at the end of the row. Click to enter the contract change modification page. You can also directly click “+ add” in the upper right corner to create a construction change.

Step 2. (Optional) After completing the form, click the button at the bottom of the page to save or submit for approval (refer to the process for submitting approval when registering the project).

THE END

Please note that the system manages data based on projects. You must enter project information first when starting project management.

2.1 Project Information
Step 1. Click on the top navigation to enter the “Project” management module.
Step 2. Click on the left navigation bar to enter the “Project information” function.
Step 3. Open the project data list page, click the lock icon next to the project name on the left, follow the prompts to open the data modification lock, and an “Edit” link will appear at the end of the line. Click to enter the project information modification page. Alternatively, you can directly click “+ add” in the upper right corner to create a new project.
Note:
1. The lock icon will appear in front of all information that has been approved in the system and will be displayed in blue. After unlocking, the lock icon will be displayed in yellow, and only the revision person specified during the unlocking process can modify the unlocked information.
2. The lock permissions must be strictly controlled and owned by specific administrators in the company. Please contact your customer consultant for the administrator operation guide after purchasing.


If you choose to re-approve and specify yourself as the reviser, a link to unlock the project modification will appear in the list after unlocking. After deleting all project-related data, you can delete the project information. Please be cautious when deleting information and data in the system.

Step 4. Please select/fill in the relevant project information on the opened page and click the corresponding button in the lower right corner of the screen to save or submit for approval by relevant decision makers.

Note: “*” denotes a required field. If project category information and customer information do not appear in the selection list, please click “+ Add” at the bottom of the dropdown list for maintenance and input.

Step 5. In the pop-up window for selecting the approver’s organization, please select the organizational team role identity for this project in the organization on the collaboration platform so that the approval process can be automatically submitted to the corresponding approver. The project architecture is generally maintained in the collaboration platform organization before project entry, such as the DingTalk management background (the pictures in this tutorial are all screenshots based on the DingTalk collaboration platform).

Step 6. After submitting the approval workflow, please check the approval progress in real-time, especially in the early stages of system deployment, you may need to remind relevant personnel to log in to the organization, open the application, and perform approval actions.
Tips:

We have a powerful approval workflow management system that can configure the process according to conditions. For the configuration of the approval workflow, please refer to the administrator’s operation guide.
The approval process will display the decision-making data required by the company’s decision-making management personnel in different approval scenarios, including basic information, budget data, revenue and expenditure situations, cost situations, and so on.

Step 7. After all process participants have approved, you will receive a notification of approval completion. The approval status information of the project will also be modified to “Approved”. At this time, the project information is enabled and can be used in other management functional pages.

(The End)

1.1.1 Client Data Maintenance
The commonly used client types include the following categories. If the category is not in the drop-down list, please click “+ Add” to add the corresponding category.

Step 1: Click the top navigation “Basic Data” to enter the basic data maintenance page.
Step 2: Click the left navigation “Client” to enter the customer data maintenance page.
Step 3: Click “+ Add” on the right to enter the add customer page, or click “Edit” in the corresponding customer data row under the “Client” field name on the list page to enter the modification page.

Step 4: Fill in the corresponding information in the appropriate location. Customer address information and bank account can be left blank. Click the “Save” button in the lower right corner to submit and save.

1.1.2. Supplier and Subcontractor Data Maintenance
The commonly used supplier or subcontractor types include the following categories. If the category is not in the drop-down list, please click “+Add” to add the corresponding category.

Step 1: Click the top navigation “Basic Data” to enter the basic data maintenance page.
Step 2: Click the left navigation “Subcontractor” to enter the supplier or subcontractor data maintenance page.
Step 3: Click “Add” on the right to enter the add supplier or subcontractor page, or find the corresponding supplier information under the “Supplier” field name on the list page, and click “Edit” to enter the modification page.


1.1.3 Signed Company Data Maintenance
As a large construction enterprise, we often operate several companies with different names to undertake construction contracting projects, cross-completing material procurement, project subcontracts, labor subcontracts, and other specific business operations. You can register here in the system and use it flexibly in the business process according to the actual situation after completion.

Step 1: Click the “Basic Data” on the top navigation to enter the basic data maintenance page.
Step 2: Click the “Signed Company” on the left navigation to enter the signed unit data maintenance page.
Step 3: Click the “Add” on the right side to enter the add signed unit page, or find the corresponding company data under the “Signed company” field name on the list page and click “Edit” to enter the modify page.

Step 4: Fill in the corresponding information in the corresponding location, the tax number and tax control number, and the tax state can be filled in according to the actual situation or left blank. Click the “Save” button in the lower right corner to submit and save after completion.

(The End)

Avoiding Losses in Engineering Projects: Reasons and Solutions

The first reason why projects can experience losses is due to poor planning and inadequate budgeting. Without a well-designed plan, there can be a lot of unanticipated expenses that can lead to increased costs. Additionally, sudden changes or unexpected events can lead to a rush of last-minute expenses, driving up the project cost even further. A well-planned project with a detailed budget can help prevent such a situation.

Another reason why projects can experience losses is due to poor site management. An unorganized site can lead to additional costs such as increased transportation costs and lost productivity due to time spent searching for equipment and tools. Furthermore, if there is inadequate communication and coordination among the workers and supervisors, this can lead to confusion and errors, leading to increased rework, delays, and additional expenses.

A third reason for losses in engineering projects is related to inadequate experience and expertise. Inexperienced workers can make mistakes or take longer to complete tasks, leading to increased labor costs. Similarly, if there is a lack of experienced and knowledgeable managers, this can lead to poor decision-making and inefficient resource allocation, driving up costs further.

Another factor that can lead to losses in engineering projects is financing. High-interest rates on loans can lead to increased costs over time, making it more difficult to repay the debt. Additionally, if there are insufficient funds to complete the project, this can lead to delays and increased costs.

Safety is also a crucial factor that can impact project profitability. Accidents and injuries can result in hefty penalties and compensation, leading to significant financial losses. Safety should always be a top priority on any construction site.

Finally, non-payment or late payment from clients can lead to significant cash flow problems for contractors and subcontractors, causing project delays and increased costs.

To avoid losses in engineering projects, proper planning, organization, and communication are essential. A well-executed project plan with a detailed budget and contingency plan can help prevent unexpected expenses. Effective site management, including good communication and coordination, can help minimize lost productivity and additional expenses. Skilled workers and experienced managers can help ensure efficient work processes, while adequate financing and safety protocols can help prevent costly accidents and penalties. Finally, timely payment and careful cash flow management can help ensure smooth project completion.

In conclusion, there are many factors that can lead to losses in engineering projects. By understanding these factors and taking proactive steps to mitigate them, contractors and project managers can help ensure project success and profitability.

To ensure you have a smooth experience, please read the following information first to quickly understand us.

We are looking for construction companies that will become industry benchmarks.

We have successfully deployed and implemented “MingSaaS” and “MingERP” for thousands of construction companies with office teams of 20 to 5000 people. The MingSaaS system is perfectly matched with clients with an annual output value of 30 million to 800 million US dollars. When the output value is larger, we need to deploy the MingERP system independently in a private cloud or hybrid cloud, and optimize and customize more functional modules according to business needs to meet the operational scale and business needs of the enterprise.

MingSaaS is a system that creates miracles for thousands of excellent construction companies. It has turned around a company that has been losing 20 million US dollars annually, and has also helped a company increase its annual output value from 300 million US dollars to 600 million US dollars on the existing workforce, and changed the chaotic management of the enterprise. We have also successfully launched the English version of Ming for more than ten European and American management system construction companies with an annual output value of several hundred million US dollars.

When you open our page, you will find that our software is unparalleled. It perfectly matches the real business scenarios of construction companies, with WYSIWYG, and has the best cost-effectiveness. It can control risks, reduce costs, improve efficiency, and increase profits. Let’s verify it together…

What you see in the WEB experience site is only a business application. The deployed formal system is a complete system that includes organization online, communication online, collaboration online, business online, and ecology online. It can include all the functions described on the website and those we are developing. You can choose the free “DingTalk” or “WeCom” as the collaboration platform, or you can choose other platforms, but you may need to pay additional software usage fees and development and deployment costs .
(the picture shows Ming mounted on the DingTalk collaboration platform).

1. About DingTalk
1.1. The demo site processed by the technical personnel does not need to be opened in DingTalk, so you can directly view the business system in a web browser.
DingTalk is a collaborative work platform operated by a Singaporean company under Alibaba. Ming software is deployed on cloud services, and the system has achieved financial-level security.
1.3. For enterprises with less than 100 people, the basic functions that we can use in DingTalk are all free. But if, for example, you want to use more than 100GB of shared cloud storage, you need to pay.
1.4. The free functions have surpassed most paid project management systems. Compared with the Ming system, what DingTalk needs is business usage scenarios and data integration models.

Anytime, with the team

DingTalk simulates various office scenarios online and integrates a digital one-stop platform to migrate offline work scenarios online, making work more efficient and simple.



Efficiency tools designed for enterprises

OA approval, OKR assessment, video conferencing, business trip reporting, and other common functions are implemented simultaneously based on one body. The fully open online office environment enables multi-party negotiation and trans-department reporting anytime and anywhere, greatly reducing the time cost and improving the work efficiency.



2. It is recommended to use a computer for the best experience.

We recommend using a computer for the best experience as the program has not been developed for PAD interfaces, and there may be compatibility issues on mobile devices. We strongly suggest browsing and experiencing the system according to the following business lines, and try to avoid entering new data, modifying information content, or changing approval status in the system. Please do not save any important data in the demo system as the system will be cleared and reset every week.


Mobile Project Analysis:
The following are screenshots of the “2023 Demo” project analysis section.



Computer Project Analysis:

The following is the full-length image of the “2023 Demo” project analysis.









3. Please select a project.
The system is project-centered, so when the project selection box appears, we must first select the project before browsing and operating the relevant data. Below are screenshots of only three scenes.

3.1 Income contract signing.

3.2 Expenditure contract signing.

3.3 Confirmation of purchase order.

4. Innovative real-time photo-taking function.
At critical project management milestones or when critical data is generated and requires approval decisions, the system will generate dynamic data in real-time. Once generated, it will not change unless it is returned for resubmission.
The purpose of the real-time photo-taking function is to trace data, reproduce decision-making basis, and facilitate internal decision-making teams to review, identify problems, and improve (PDCA).

Examples include income and expenditure contract settlement, income and expenditure contract performance confirmation, payment applications, output value declaration, and so on. Below are screenshots of only two usage scenarios.
4.1. Income contract settlement


4.2. Payment application


5. Other Content
[Menu Navigation and Features] The functions of Amoeba Management and Control Center, Risk Management, Bid Management, and Labor Wage Calculation by Quantity currently have complete Chinese versions, and their English versions will be gradually released.
[Currency and Statistical Units] The system defaults to only one currency and does not currently support settlement between currencies. Current statistical data are measured in ten thousand yuan, and we are seeking partners to collaborate on customized needs.
[Workflow Configuration] Purchasing users can configure the approval workflow with the assistance of our successful consultants, who will provide video tutorials.
[Demonstration and Pre-sale Consultation] Ming’s product does not have a complete international pre-sale support team. It is best if your team has technical personnel who can communicate in Chinese so that you can enjoy a larger discount. In the early stages, we can use email as a communication channel with English as the working language. After confirming that the product meets your needs, we can demonstrate the system for you. Please forgive us for only providing English versions of the operation manual during the early stages of communication. You can also browse the operation guide on the website “Operation Guide“.
6. Quiz
To save your valuable time, please answer the following questions before entering the experience site and remember them when using it.
6.1 If there is no data in the page list of the experience site, is it a system problem? How to deal with it?
A. It may be a system problem or there may be no data entered.
B. Please confirm whether the item selection box appears on the page and whether the item selection box in the upper left corner of the page is selected (our answer).

6.2 This experience site has no organizational structure. How can my colleagues and I collaborate when using the system formally?
A. Ming is just an application, and it seems that it cannot support team collaboration.
B. Ming is a cloud application that can be used with collaboration platforms such as “DingTalk”, “WeCom”, and “Slank” to achieve organizational collaboration. DingTalk and WeCom provide free versions, and they have hundreds of millions of users and tens of millions of organizations using them (our answer).

6.3 The data in the gray background confuses me. How should we understand it?
A. It is dynamic system data, and it seems that they are not correct.
B. It is the data displayed when the approval is initiated and the system takes a snapshot. Once generated, it will not change unless it is returned for re-initiation (our answer).

6.4 We have a team of less than 10 people now. What problems will we encounter?
A. Digital systems should be able to better help the management team and business of construction enterprises, and a team of 10 people will be better supported.
B. Ming recommends that you implement it in an office team with more than 20 people, or you should only use some functions, such as procurement management and warehouse management (our answer).

6.5 I want a sales consultant to demonstrate the website system for me, or let a customer success consultant use French to train us on system operation.
A. Ming needs to provide a multilingual version. Most employees of common African construction companies are French native speakers, and French should be the international working language.
B. Ming currently only has Chinese and English versions. After purchase, it can provide an operation manual in English. Currently, only a few companies are using the English version of Ming. Ming, which has a high cost performance, expects to cooperate fully with companies that appreciate the system (our answer).

6.6 I want to save some basic setting information in the experience system and have deployment engineers migrate our data to our formal system in the future.
A. The demonstration system data can be imported and exported, and Ming should be able to support it.
B. You can export it by yourself, but Ming Demo is mainly a demonstration system, and it will be reset regularly, so the security of the data cannot be guaranteed (our answer).

6.7 Does the system support currency conversion? Why is the statistical unit “Ten Thousand”?
A. As an international construction company, customers and suppliers typically settle in multiple currencies, and the system should support this. The statistical unit of the system is “Ten Thousand” and is difficult to change.
B. The system currently does not support settlement in multiple currencies, but if you are willing to pay, Ming will develop a module to support multiple currency settlement within two weeks after confirming the requirements. (Our answer)

Thank you for your interest in the “Ming Demo” system. To proceed to our “Ming Demo,” please send the answers to the above questions, such as “BBBBBB,” along with a brief introduction of your company, to our customer email at “web@mingjiancloud.com” We will promptly reply with the “Ming Demo” address to help you access our live application.

The End

Avoiding Losses in Engineering Projects: Reasons and Solutions

The first reason why projects can experience losses is due to poor planning and inadequate budgeting. Without a well-designed plan, there can be a lot of unanticipated expenses that can lead to increased costs. Additionally, sudden changes or unexpected events can lead to a rush of last-minute expenses, driving up the project cost even further. A well-planned project with a detailed budget can help prevent such a situation.

Another reason why projects can experience losses is due to poor site management. An unorganized site can lead to additional costs such as increased transportation costs and lost productivity due to time spent searching for equipment and tools. Furthermore, if there is inadequate communication and coordination among the workers and supervisors, this can lead to confusion and errors, leading to increased rework, delays, and additional expenses.

A third reason for losses in engineering projects is related to inadequate experience and expertise. Inexperienced workers can make mistakes or take longer to complete tasks, leading to increased labor costs. Similarly, if there is a lack of experienced and knowledgeable managers, this can lead to poor decision-making and inefficient resource allocation, driving up costs further.

Another factor that can lead to losses in engineering projects is financing. High-interest rates on loans can lead to increased costs over time, making it more difficult to repay the debt. Additionally, if there are insufficient funds to complete the project, this can lead to delays and increased costs.

Safety is also a crucial factor that can impact project profitability. Accidents and injuries can result in hefty penalties and compensation, leading to significant financial losses. Safety should always be a top priority on any construction site.

Finally, non-payment or late payment from clients can lead to significant cash flow problems for contractors and subcontractors, causing project delays and increased costs.

To avoid losses in engineering projects, proper planning, organization, and communication are essential. A well-executed project plan with a detailed budget and contingency plan can help prevent unexpected expenses. Effective site management, including good communication and coordination, can help minimize lost productivity and additional expenses. Skilled workers and experienced managers can help ensure efficient work processes, while adequate financing and safety protocols can help prevent costly accidents and penalties. Finally, timely payment and careful cash flow management can help ensure smooth project completion.

In conclusion, there are many factors that can lead to losses in engineering projects. By understanding these factors and taking proactive steps to mitigate them, contractors and project managers can help ensure project success and profitability.

Avoiding Losses in Engineering Projects: Reasons and Solutions

The first reason why projects can experience losses is due to poor planning and inadequate budgeting. Without a well-designed plan, there can be a lot of unanticipated expenses that can lead to increased costs. Additionally, sudden changes or unexpected events can lead to a rush of last-minute expenses, driving up the project cost even further. A well-planned project with a detailed budget can help prevent such a situation.

Another reason why projects can experience losses is due to poor site management. An unorganized site can lead to additional costs such as increased transportation costs and lost productivity due to time spent searching for equipment and tools. Furthermore, if there is inadequate communication and coordination among the workers and supervisors, this can lead to confusion and errors, leading to increased rework, delays, and additional expenses.

A third reason for losses in engineering projects is related to inadequate experience and expertise. Inexperienced workers can make mistakes or take longer to complete tasks, leading to increased labor costs. Similarly, if there is a lack of experienced and knowledgeable managers, this can lead to poor decision-making and inefficient resource allocation, driving up costs further.

Another factor that can lead to losses in engineering projects is financing. High-interest rates on loans can lead to increased costs over time, making it more difficult to repay the debt. Additionally, if there are insufficient funds to complete the project, this can lead to delays and increased costs.

Safety is also a crucial factor that can impact project profitability. Accidents and injuries can result in hefty penalties and compensation, leading to significant financial losses. Safety should always be a top priority on any construction site.

Finally, non-payment or late payment from clients can lead to significant cash flow problems for contractors and subcontractors, causing project delays and increased costs.

To avoid losses in engineering projects, proper planning, organization, and communication are essential. A well-executed project plan with a detailed budget and contingency plan can help prevent unexpected expenses. Effective site management, including good communication and coordination, can help minimize lost productivity and additional expenses. Skilled workers and experienced managers can help ensure efficient work processes, while adequate financing and safety protocols can help prevent costly accidents and penalties. Finally, timely payment and careful cash flow management can help ensure smooth project completion.

In conclusion, there are many factors that can lead to losses in engineering projects. By understanding these factors and taking proactive steps to mitigate them, contractors and project managers can help ensure project success and profitability.

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