Business
5 Tips for Keeping Your Construction Project on Schedule
Construction projects are known for getting behind schedule. In fact, McKinsey & Company reports that large projects across asset classes typically take 20% longer than planned and are up to 80 percent over budget.
There are many things that can delay a construction project: bad weather, supply chain issues, faulty workmanship, overbooked crews, and more.
But it doesn’t have to be that way. To keep your construction project on schedule, here are five things you can do:
- Review construction plans
Before you break ground, it’s important to review construction plans. These include the scope of work, construction drawings, and other project documents.
Make sure you and all your subcontractors review them so that everyone is on the same page. If there are any questions, be sure to answer them.
Then have everyone sign a written contract outlining their responsibility and deadlines. When it’s all in the contract, things are more likely to stay on schedule.
- Create a master schedule
Create a master schedule for everyone to see. Break the project down into phases and put tasks and assignments into the proper sequence.
The master schedule gives everyone visibility into what stage the construction project is currently at. For example, it can help painters know when the insulation has been installed so they know when the walls are ready for them to paint.
- Communicate and collaborate
Next, you need to establish standard forms of communication, whether that be by text message, email, or some other method. Determining how information will be communicated is critical in avoiding confusion and disputes later on.
Good communication needs to be built on trust and respect for all team members. Everyone should have access to project updates so they stay in the loop. To prevent unnecessary delays, an open door policy with project managers is best.
- Monitor and document progress
Unfortunately, projects rarely adhere to schedule 100% of the time. Chances are you will need to make minor adjustments here and there, and that’s okay.
The key is to closely monitor a project’s progress so you can quickly get back on schedule. One way to do this is to create daily reports on milestones hit. That way, everyone knows where the project currently sits.
Another way to monitor and document construction progresss is to use construction enterprise asset management (EAM) software. It allows you to input project updates and easily disseminate them across your team. But that’s just one feature of construction EAM software. It can also help you:
- Meet construction industry safety and compliance requirements
- Increase revenue and profitability
- Reduce costs and capital requirements
- Prevent equipment breakdowns
- Maintain optimum parts inventories
- And optimize project budgets
When it comes to construction project management, construction EAM software has you covered.
- Make contingency plans
Lastly, it’s important to have a plan B (and C and D) if things don’t go according to plan.
For example, your construction project might be delayed by a storm or supply chain issues. In this case, you may want to alter the construction schedule or assign overtime to make up for lost time.
Keep a close eye on progress reports to manage risks and delays and find creative ways to minimize and make up for them.
The bottom line
Despite most construction projects getting delayed, you can still finish yours on time.
By reviewing construction plans, creating a master schedule, communicating and collaborating, monitoring and documenting progress, and making contingency plans, you can mitigate the threat of delays and even finish ahead of schedule.
The key is to have a proactive mindset. With good planning and prevention, you’ll be ahead of the game.
Business
Black Banx Group — Third Quarter 2025 Results
FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025
Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025
Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.
Key figures for Q3 2025:
- Revenue: USD 4.3 billion
- Profit before tax (PBT): USD 1.6 billion
- Cost-to-income ratio: ≈ 62%
- Customer base (period-end): ~92 million clients
YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.
“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”
Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”
Business highlights:
- Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
- Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
- Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
- Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
- Strategic investments sustained in growth markets while preserving profitability and shareholder value.
Outlook:
With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.
About Black Banx Group:
Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.
Media Contact:
Black Banx Media Relations
Email: [email protected]
Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.
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