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The construction, architecture and engineering markets have been at the epicenter of the recent global economic recession. Following a period of almost irrational growth and investment in real estate development – both residential and commercial – the industry faces numerous challenges following the burst of the housing bubble. As a result the sector has been forced to reevaluate and reengineer its traditional business models to drive increased efficiencies in operations and improvements in bottom line performance. What is evident is that effective management of engineering and construction organizations today requires standardized business process and integrated technology systems that improve project management and drive profitability.
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