Cost Overruns In Construction According to industry research, 85% of construction projects experience cost overruns. Customers using Rabbet on the contrary experience cost overruns on only 25% of projects. In the world of real estate development, budgeting accurately is crucial for…
With so many moving pieces of the puzzle that is a real estate development, development managers owe it to themselves to ensure their projects run as smoothly as possible. A huge part of this is using the right tools and…
In the real estate property development industry, risk mitigation is a never-ending project, and finance teams are often the first to take the fall if something goes wrong. Whether a duplicate invoice was paid or a draw request is taking…
Construction loan administration leaders have always shouldered a heavy load. Whether you’re doing a final double-check of your team’s work or pulling together documents for more frequent audits and reporting, the responsibility is only becoming more high-stakes. According to The…
As a accountant or controller for a real estate development firm, have you ever wished you had more time at work to get back to your actual job? You naturally want to save time on low-value tasks so you can…
Controllers in real estate development firms have a heavy load to bear. Other departments often don’t know the importance of the processes that need to be followed in the finance department. They might not know exactly which documents need to…
Managing risk isn’t easy when you’re relying on a spreadsheet. The lack of intuitive solutions for commercial real estate developers has created a massive problem in the built industry. Risk in the CRE industry has dramatically increased over the past…
Developers are united in one universal struggle: Excel. Excel is the industry standard tool in Commercial Real Estate. It’s the most widely used program for both lenders and developers but the least favorite program or tool for both groups. Excel’s…
The benefits of automation for property developers extend far beyond saving time. Improving the accuracy of your draws and successfully managing budgets, change orders, contingency reserves, and project risk are also improved by using the right tools and technology. Tracking…
The world of construction finance is rapidly evolving, and 2024 has brought some pivotal shifts that are reshaping how developers and lenders operate in the commercial real estate (CRE) space. From grappling with a heightened focus on risk management to…
Twelve months ago, I reflected on the difficulties in investing in CRE due to the uncertainty in the market and current status of the T-bill in my white paper “Maximizing Returns in CRE….”. And most of the market uncertainty outlined…
Rabbet’s 2021 State of Construction Finance Report revealed that most lenders and developers are using spreadsheets to carry out major parts of their process, but complain about its inefficiency.
