Go lean to grow big
ECONOMY & POLICY

Go lean to grow big

Construction having a major impact on civic life has only been minimally digitized. As per a recent study published by McKinsey, the construction industry ranks the second least in terms of digitization, after agriculture. “Tactive is a construction ERP software that is built from the ground ...

Construction having a major impact on civic life has only been minimally digitized. As per a recent study published by McKinsey, the construction industry ranks the second least in terms of digitization, after agriculture. “Tactive is a construction ERP software that is built from the ground up using real-time experience in construction and infrastructure activities that offers a suite of construction software products that directly addresses the prominent “hard to ignore” pain points faced in the company by every individual office-bearer right from the CEO to the site or field engineer,” says Devarajan Chinnusamy, Chairman & Managing Director, Tactive Software System, as he shares more…Managing 5 M’s and enhancing communicationTactive as a construction ERP seeks to streamline all the operations of a construction company and manage all the 5 M’s of construction; Man, Material, Machinery, Money, and Minutes and utilise or channelise them properly and eliminates wastage, pilferage, duplication of work and overlapping of decisions, etc. Tactive very precisely enhances the communication between site to regional and head offices and this has helped people to overcome the fear of ERP or other such software adoptions. The Tactive Construction Management Software provides the best comprehensive SOP (Standard Operating Procedure) in a digitized form to help construction companies grow and scale up their project sizes. Equipped with the latest technologiesTactive is a cloud and mobile-based product using the latest technologies and the domain expertise gathered over the last six decades from the parent entity operating in the infrastructure sector. Tactive has employed principles of lean construction in the product as well. Tactive has been separated into modules such as tendering and estimation, budgeting and scheduling, project management, procurement management, inventory management, equipment management, finance and accounts, HR and payroll, health safety and quality with a roadmap for PMC, MEP, BIM and IoT integration. TactiveSoft Construction ERP is custom made for builders, contractors and construction companies and can be customised as per the individual needs of the project managers. Key Features: Monthly job cost reports and project-wise zero-based budgets, schedules and actuals Tender bids using inbuilt rate-analysis templates through BOQ imports Client bills, subcontractor work orders, payments and material reconciliations Capture hindrances, work order amendments and billings Project wise client receivables, vendor payable, cash flow and overhead projections Centralised procurement, vendor portal, yard or warehouse operationsMachinery and equipment usage logs, maintenance and internal or external hires Tactive construction mobile app enables the following for project sites (android and ios) DPR, DLR and labour out-turn entry and tracking in Tactive construction mobile appProject wise reports and dashboards Employee self-serve HR apps, approval requests, tasks and messages Padma Bhushan Dr A RamaKrishna (Former DMD of L&T) helped form Tactive’s product in the early stages by providing his expertise. The product has only been a huge success and keeps exceeding its real-time performance expectations of its users across India and the Middle East. Tactive now has at its disposal a committed, and highly experienced team of people on standby to support the clients in the implementation of Tactive and oversee the operational activities without a hassle. (Communication by the management of the company)

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Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

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Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

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Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

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