video1.0<iframe src="https://www.loom.com/embed/949db138f6024746ae2d4e2fc68b344a" frameborder="0" width="640" height="480" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>480640Loomhttps://www.loom.com480640https://cdn.loom.com/sessions/thumbnails/949db138f6024746ae2d4e2fc68b344a-47e9cfd2b6fdc20d.gif4513.76In this video, I discuss the importance of implementing a purchase order (PO) system in construction businesses to enhance financial control and accountability. I share my background as a construction business coach and highlight how a well-structured PO process can protect your business during disputes and audits. We cover common mistakes, such as vague scopes and the lack of approvals, and I provide actionable frameworks to improve your PO discipline. I encourage viewers to engage in the chat with questions and to consider how they can integrate these practices into their operations. Lastly, I invite everyone to our upcoming webinar on cost-plus draws, which will provide further insights into effective financial management.