article thumbnail

Episode 3: Cost Control in Construction Projects; Here’s how to control them

iField Smart

Cost overruns run large in the construction industry, leading to project delays, disputes, and financial losses. To mitigate these risks, the construction industry must implement robust cost control strategies. Value Engineering in Construction : Identify cost-saving opportunities that dont compromise quality or functionality.

article thumbnail

When Speed Counts: EPCM Delivery for Industrial and Manufacturing Projects

Civil + Structural Engineer

Owners building complex industrial projects face a wide range of risks in delivering their projects as quickly and as cost-effectively as possible. For owners facing this scenario, integrated services like the Engineering, Procurement, and Construction Management (EPCM) delivery method may be the best option for your project.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Controlling construction costs is not rocket science, nor does it involve time travel. Any real property owner can control construction costs for facilities repair, renovation, maintenance, and new build projects. Controlling Construction Costs is not rocket science 1.

article thumbnail

Granular Local Market Cost Data is Essential for Construction Cost Visibility & Management

Job Order Contracting

Granular Local Market Cost Data is Essential for Cost Visibility & Management (Repair, Renovation, Maintenance, & New Builds) Using current, verifiable, and detailed local cost dat a instead of national averages with adjustment factors ensures: Cost transparency All labor, material, and equipment costs are broken down and verifiable.

article thumbnail

Optimize Construction Projects with CMiC’s Industry-Leading ERP

Construction project managers face constant challenges, from delayed schedules to fragmented workflows. CMiC’s ERP transforms how projects are managed, providing a unified system for financials, scheduling, and collaboration. The future of construction project management starts here.

article thumbnail

Episode 5: Value Engineering and Cost Optimisation — Cost Management

iField Smart

Reading Time: 2 minutes In an industry as quick as construction, cost management is everything. Rising material costs, labour shortages plus complex projects mean we need to be smarter with our budgets without compromising on quality. Simplified design: Simplifying complex designs without compromising integrity.

article thumbnail

iFieldSmart Technologies: The Best Construction Scheduling Software Solution

iField Smart

In the complex world of construction project management, effective scheduling is the linchpin of success. Integration Hurdles: Integrating legacy systems with other essential project management tools is often cumbersome, creating data silos and impeding comprehensive project oversight.

article thumbnail

Boost Growth & Efficiency with a Unified Construction Software Platform

It integrates workflows like job costing, resource planning, forecasting, and compliance control into one system. It helps manage bids, track resources, and easily handle change orders. It is time to switch to a modern construction software solution designed for specialty contractors.