Basic reasons for reduction of funds in construction projects

The It’s safe to say that cost overruns in construction projects have become an industry-wide status quo. In fact, according to a study from KPMG, just 31% of all projects came within 10% of the budget in the past 3 years. However, with project budgets being scrutinized more so than ever and overall industry productivity remaining stagnant, construction professionals can’t really afford to accept the new normal .