Construction projects
Budget and actual cost by project, phase and type of work.
- Budgets by phase
- Costs by type of work
- Contractor agreements
- Budget vs actual comparison
Industries · Real Estate
Every project and every property, with its own budget and results
Developers build in phases, with dozens of contractors and payments in foreign currency. Companies that let offices, retail space or warehouses invoice rent and utilities every month. Business Central links projects, contracts, settlements and finance, so you can see what each property costs and what it earns.
In Real Estate, profit is calculated property by property
A construction budget overrun that only shows up at the end, an indexed rent nobody invoiced, utilities paid by the owner and never re-billed to tenants. When costs and revenue are recorded by project, building and unit, you can see in time where money is lost.
Challenges
Key Challenges for Property Developers and Property Managers
Common situations in property development and in managing rental space.
- Construction budget overruns are noticed too late
- Contractor payments and completed work are tracked in spreadsheets
- Lease contracts, indexation and deadlines live in folders
- Monthly rent and utility invoices are prepared by hand
- Tenant and buyer arrears are discovered late
- The results of each building or phase are not visible
What Business Central covers
Projects, contracts and finance in one system
Standard Business Central features for Real Estate companies. The specifics of your contracts are analysed in the project.
Sales and settlements
Buyer advances and payments without separate spreadsheets.
- Advances and prepayment invoices
- Payment terms
- Receivables by buyer
- Payments in foreign currency
Rent and utilities
Monthly invoicing by contract, with utilities re-billed.
- Recurring invoices
- Utility re-billing
- Tenant deposits
- Arrears and late-payment charges
Properties and results
Revenue, costs and value of every property.
- Dimensions: project, building, unit
- Fixed assets and depreciation
- Maintenance costs
- Reports in Excel and Power BI
Benefits
What a Real Estate company gains
Results depend on your processes and data quality. Here is what becomes possible.
Construction budget under control
Deviations from budget show up by phase and type of work while you can still act.
Monthly invoices without manual work
Rent and utilities are invoiced by contract, and each contract's dates and prices are kept in the system.
Results for every property
Revenue and costs are visible by building and unit, not just for the company.
Next step
From the first estimate to a working system
We support you from the first estimate to life after go-live.
Estimate the cost
An indicative budget in a few minutes, based on your answers.
Learn moreImplementation and migration
Clear stages, verified data and go-live on the agreed date.
Learn moreTraining
Every employee learns the tasks of their role.
Learn moreSupport
Help after go-live and further development of the system.
Learn more First step
Start from the business processes, not from licenses
Enter a few company parameters and instantly receive a preliminary project estimate.