Contractor Bookkeeping

MARCH 21, 2025

In the bidding process, contractors prepare detailed proposals that outline their approach, costs, and timelines for a project. This involves thoroughly understanding the project specifications, assessing the site conditions, and determining the resources needed.

Estimating 93

Estimating Communication Budgeting Contracts 93

Job Order Contracting

JUNE 1, 2022

Construction Cost Estimating Factors 2022 – Construction Cost Estimating Factors that determine validity, transparency, and level of cost management capability. An estimate is no better than its basis. An estimate is a prediction and carries uncertainty. An estimate is a decision-making tool. CORE PRINCIPLES.

Estimating 105

Estimating Lean Construction General Contracting Procurement 105

Construction Dive

MAY 22, 2024

The Los Angeles-based firm’s contract came in about $30 million below initial cost estimates for the project at Fort Lauderdale-Hollywood International.

Estimating 216

Estimating Contracts 216

Construction Enquirer

JUNE 7, 2023

Top 5 contractors by work won in year to May According to data compiled by Barbour ABI, the top 50 firms secured 118 jobs, estimated to be worth nearly £2.7bn in May around 10% down in value terms on the previous month.

Contracts 210

Contracts Lifts Estimating 210

Rabbet

NOVEMBER 18, 2024

When evaluating what type of contract to use, they likely have different priorities, too. There are many different types of contracts , but two of the most common are cost-plus and guaranteed maximum price. Project owners tend to prefer guaranteed maximum price contracts to protect them from cost overruns.

Contracts 52

Contracts Real Estate Development Cost Control Quality Control 52

Construction Enquirer

JUNE 16, 2023

Debbie Abrahams, Labour MP for Oldham East and Saddleworth, had tabled a new clause to the Procurement Bill that aimed to enforce the use of PBAs to protect subcontractors’ payments in construction contracts. Abrahams MP said: “Small businesses are the backbone of the economy. ” . ”

Procurement 288

Procurement Contracts Estimating 288

Civil + Structural Engineer

JULY 3, 2023

By Greg Norris, B2W Software Palmer Paving is no stranger to benefits of software technology, and a unified approach to estimating, performance tracking and accounting continues to pay dividends. Jim Madden, chief estimator Palmer Paving creates more than 500 estimates annually. Large bids are in the $10- and $20-million range.

Estimating 130

Estimating Structural Systems Construction Equipment Change Management 130

Autodesk Construction Cloud

JUNE 23, 2022

What we in America call Estimators, and what the rest of the world calls Surveyors, have been around for thousands of years. Today, estimators are the unsung heroes of a project team. That doesn’t mean they didn’t exist before then, because even God needed an estimate. Watch our Estimating Master Class.

Estimating 105

Estimating Building Information Modeling (BIM) Building Design Surveying 105

Construction Enquirer

MAY 24, 2023

A formal contract notice has been issued for the restoration work on The Palace of Westminster’s tallest tower. The cost of the works is now estimated at £95m for the Victoria Tower Fabric Safety Project. One contractor will be appointed under a single-stage contract to deliver two phases of work.

Masonry 231

Masonry Contracts Estimating 231

Construction Placements

APRIL 1, 2025

Types of Construction Contracts: A Comprehensive Guide Discover a detailed guide exploring various construction contract types to effectively manage risks, budgets, and project execution. The post Types of Construction Contracts: A Comprehensive Guide appeared first on ConstructionPlacements.

Contracts 52

Contracts Risk Management Budgeting Project Management 52

Civil + Structural Engineer

APRIL 17, 2023

The Port of Long Beach Board of Harbor Commissioners has unanimously voted to extend HDR’s contract to create the final design for the $1.567 billion Pier B On-Dock Rail Support Facility through 2027. The project will create a new on-dock facility to streamline the movement of goods via rail rather than truck. Under the new $102.3

Facility Management 237

Facility Management Schedule Management Site Planning Project Management 237

Job Order Contracting

AUGUST 11, 2022

Learning about Job Order Contracting? What is Job Order Contracting (JOC) ? JOC contracts typically have a one year durations, and up to four (4) option years. Can owners create independent estimates? Owners can develop detailed cost proposals by line item and prepare an independent estimate. via 4bt.us.

Contracts 105

Contracts General Contracting Procurement Project Management Consulting 105

Job Order Contracting

SEPTEMBER 21, 2022

NEVER accept a lump sum estimate for a workorder/project without a full detailed line-item estimate and review of line-times and quantities. Fully audit cost estimate and actual cost information. The UPB and its update frequency should be noted in the Job Order Contract. Verify all aspects of the direct work (e.g.,

Estimating 104

Estimating Risk Management Construction Equipment Change Management 104

Best Practices Construction Law

MARCH 18, 2021

The contractor claimed that the City breached its contract by supplying incomplete and inaccurate contract documents, which allegedly caused delays and a two-year extension to the project completion. 12, 2021), the contractor filed suit to recover damages from the City on numerous combined waste water treatment projects.

Estimating 118

Estimating Contracts 118

Job Order Contracting

MAY 4, 2023

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

Estimating 98

Estimating Project Management Consulting Cost Control Construction Equipment 98

Job Order Contracting

AUGUST 20, 2023

A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

Estimating 98

Estimating Structural Systems Schedule Management Risk Management 98

Job Order Contracting

JUNE 21, 2023

This enables simplified data management and the ability to update estimates with various other databases as needed. #4 Our platform can manage multiple Programs, Contracts, Proposals, Estimates, Work Orders, Documents, Forms, Contractors/Subconstractors, Teams, Buildings, Graphics, Issues/Tasks, and even leverage BIM information.

Estimating 98

Estimating Facility Management Construction Management Collaboration 98

Job Order Contracting

JULY 6, 2021

Kuwait Job Order Contracting market size and facilities management market size for repair, renovation, and new construction. The Kuwait facilities management sector is estimated at over $1.2B via Four BT, LLC – Best value job order contracting and lean construction planning, procurement, and project delivery solutions.

Facility Management 105

Facility Management Contracts Lean Construction Project Management 105

Job Order Contracting

MARCH 12, 2022

Powerful, yet easy-to-use job order contracting services and tools that simplify the JOC process and support best value repair, renovation, and new construction outcomes. JOC Contracts and Compliance Considerations. • JOC Cost Estimating. • The post BEST VALUE Job Order Contracting Program appeared first on 4BT.

Contracts 105

Contracts Procurement Facility Management Project Management 105

Job Order Contracting

NOVEMBER 12, 2022

Productive Job Order Contracting (JOC) is important to all public sector real property owners. Productive Job Order Contracting provides cost visibility and transparency and can be deployed at a 10x savings versus traditional offerings. contact-form] The post Productive Job Order Contracting appeared first on 4BT.

Contracts 104

Contracts Quality Assurance Project Management Consulting Property Management 104

Construction Enquirer

JULY 23, 2023

Network Plus is on a big recruitment drive after securing a major five-year contract with National Grid Electricity Distribution for excavation, cable laying works and reinstatement covering the East and West Midlands, and South West of England.

Contracts 211

Contracts Estimating Engineering 211

New Civil Engineer

DECEMBER 13, 2023

An Archirodon and Deme consortium has been awarded an estimated £795M (US$1bn) contract for the second phase of work to expand the Neom port at Oxagon in Saudi Arabia. The post £795M contract awarded for next phase of work at Saudi Arabia’s Port of Neom appeared first on New Civil Engineer.

Contracts 114

Contracts Estimating Engineering 114

Civil + Structural Engineer

SEPTEMBER 30, 2024

This unique project, which includes the construction of a cryogenic facility that will house the world’s first industrial-use quantum computer, is estimated to cost $9 billion and is backed by a diverse group of supporters, including the state of Illinois, the U.S. The cumulative effort is estimated to cost $400 million.

Public Works 264

Public Works Infrastructure Development Project Management Consulting Government Works 264

Job Order Contracting

DECEMBER 14, 2022

For All things JOC – Job Order Contracting click here … Structuring a best value JOC Program requires far more than getting a certification, buying software, or hiring a ‘JOC consultant” . How to line-time estimate. How to create an independent government estimate (IGE) in JOC.

Contracts 105

Contracts Lean Construction Procurement Estimating 105

Roads Online

SEPTEMBER 14, 2023

A joint venture of Downer and CPB Contractors has been awarded a contract to deliver the planning phase of the Australian Defence Force’s proposed Woomera Redevelopment Program in South Australia. The post Contract awarded for defence infrastructure redevelopment appeared first on Roads & Infrastructure Magazine.

Contracts 105

Contracts Infrastructure Development Government Works Approvals 105

Job Order Contracting

JANUARY 29, 2024

2024 Job Order Contracting Job Order Contracting (JOC) can be extremely efficient and provide full cost visibility for reducing deferred maintenance, renovations, repairs, and even new construction. Job Order Contracting was created several decades ago as a means to help get projects started quickly. Learn more. Learn more.

Integrated Project Delivery (IPD) 98

Integrated Project Delivery (IPD) Contracts Project Management Consulting Property Management 98

Job Order Contracting

DECEMBER 15, 2021

It’s critical to take the time to monitor and improve your Job Order Contracting processes as they are not as you think they might be. What LEAN Job Order Contracting? Benefits of LEAN Job Order Contracting include… Objective fact-based insights and decision-support. Job Order Contracting Program Checklist.

Contracts 105

Contracts Lean Construction Project Management Consulting Quality Assurance 105

Autodesk Construction Cloud

SEPTEMBER 1, 2022

A contract’s a contract, right? There are many construction contract types out there. Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. A construction contract agreement gets everyone involved in a project on the same page. .

Integrated Project Delivery (IPD) 98

Integrated Project Delivery (IPD) Contracts General Contracting Cost Control 98

Job Order Contracting

NOVEMBER 21, 2023

Some suppliers of Job Order Contracting software and cost data use “Assemblies” within what is supposed to be a unit price book (UPB). Documentation: Clearly document each line item, including descriptions, quantities, unit costs, and any assumptions or considerations that went into the estimation using detailed notes.

Contracts 98

Contracts Estimating Site Planning Construction Equipment 98

Job Order Contracting

NOVEMBER 5, 2021

Best-in-class training and support – 4BT has the ability to market to, train, and support JOC contractors at all levels of Job Order Contracting capability ranging from those with limited line item and/or JOC estimating experience with unit price books, to builders with national JOC expertise.

Contracts 105

Contracts Building Automation Project Management Procurement 105

Construction Enquirer

JUNE 8, 2023

Both National Highways and Costain described the decision as ‘an agreed change in contracting strategy’ for the mega projects. Taken together the decisions are estimated to shrink Costain’s pipeline of work by around £1bn.

Change Management 237

Change Management Project Management Contracts Estimating 237

Job Order Contracting

FEBRUARY 3, 2022

Here are a few items for review when organizations are considering a job order contract or hoping to improve one. Contracts and individual Projects/Work Orders within JOC should have established dollar limits. Non-catalog items should not exceed 10% of the total project cost estimate. The post Considering a Job Order Contract?

Contracts 104

Contracts Project Management Consulting Approvals Insurance Management 104

Roads Online

OCTOBER 18, 2023

The Australian Department of Defence has awarded a contract for design development activities on the Woomera Redevelopment Program in South Australia. The post Contract awarded for Woomera Redevelopment Program appeared first on Roads & Infrastructure Magazine.

Contracts 104

Contracts Infrastructure Development Government Works Building Materials 104

Job Order Contracting

MARCH 27, 2022

Job Order Contracting best management practices should be applied throughout the life cycle of every program, contract, project, estimate, and work order. Use simplified procedures and supporting technologies and documentation when issuing orders under multiple award contracts. Locally Researched Construction Cost Data.

Contracts 104

Contracts Lean Construction Procurement Site Planning 104

Civil + Structural Engineer

AUGUST 28, 2023

AUSTIN, Texas — Aurigo Software , the leading provider of capital planning and construction management software for infrastructure and private owners, announced it has entered into a multiyear contract with Erie County, New York to modernize the planning and execution of the agency’s Capital Improvement Program.

Infrastructure Development 246

Infrastructure Development Project Management Construction Management Estimating 246

CCR Magazine

APRIL 8, 2025

When youre running a contracting businesswhether its roofing, landscaping, renovations, or general handyman stuffyou already know the work part isnt the problem. Use strong calls to action like Get a Free Estimate and make use of ad extensions. Keeping the jobs coming in is the tricky part. That doesnt sound great. </p>

Contracts 52

Contracts General Contracting Landscaping Estimating 52

Job Order Contracting

APRIL 25, 2022

Getting the most out of available funds requires LEAN Job Order Contracting. LEAN Job Order Contracting is an indefinite delivery, indefinite quantity program in which the costs of the project are. The post LEAN Job Order Contracting – Getting the most out of available funds appeared first on 4BT.

Contracts 105

Contracts Lean Construction Project Management Consulting Quality Assurance 105