Autodesk Construction Cloud

JULY 13, 2023

While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. And while profit margins in construction are notoriously tight (4-6%), there are steps you can take to increase your profitability without compromising the quality of your work.

Risk Management 98

Risk Management Project Management Consulting Insurance Management Cost Control 98

Autodesk Construction Cloud

JUNE 7, 2023

Plus, “as many as 86% of projects are found to exceed their initial estimate, each construction project costing an average 28% more than anticipated.” Blown budgets result from many reasons, from poor communication and missing data to scope creep to external factors like material price increases.

Estimating 98

Estimating Cost Control Project Management Consulting Budgeting 98

UK Construction Blog

NOVEMBER 14, 2023

While design-build contracts offer efficiency, cost savings, and faster project completion, navigating the legal landscape is crucial for success. This comprises craftsmanship quality, materials utilised, and adherence to design criteria. with guidance from construction law solicitors when required.

Building Design 62

Building Design Contracts Insurance Management Quality Control 62

The Korte Company

OCTOBER 9, 2018

The key to success is optimizing a wide array of hotel construction costs associated with these projects. Understand hard costs in hotel construction. Construction materials, equipment and labor make up the hard costs owners incur on a construction project. Where a hotel is built can lead to cost savings, too.

Cost Control 68

Cost Control Building Controls Building Materials Material Handling 68

BDC Network

AUGUST 14, 2023

Fast-tracking construction projects offers both risk and reward dbarista Mon, 08/14/2023 - 13:50 0 Contractors Understanding both the rewards and risk of fast-tracking a project can help owners, architects, engineers, and contractors maximize the benefits of this strategy and can bring great reward on all fronts when managed properly.

Schedule Management 92

Schedule Management Risk Management Building Materials Manufacturing Project Management 92

Autodesk Construction Cloud

SEPTEMBER 1, 2022

The eight types of construction contracts include: cost-plus construction contract. Cost-Plus Contract. Under a cost-plus contract, contractors are paid for all of their construction-related expenses. That’s the cost part of the name. The costs can include direct costs such as labor, materials, supplies, etc.

Integrated Project Delivery (IPD) 98

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

UK Construction Blog

JULY 2, 2024

The post The Hidden Costs of Owning Construction Equipment appeared first on UK Construction Blog. The ability to rent it out or use it for your own projects offers the promise of significant profit and control. Tax breaks on equipment purchases and potential long-term cost savings add to the allure.

Construction Equipment 62

Construction Equipment Safety Regulations Health Regulations Cost Control 62

CCR Magazine

JULY 18, 2024

Project management plays an important role in cost control and profitability of construction companies since it influences the cash flow of the business. Regardless of how low such direct costs may be, they can make a significant difference when added up over numerous projects.

Project Management 52

Project Management Construction Management Schedule Management Project Management Consulting 52

iField Smart

MARCH 29, 2024

They serve as a reference for quality assurance and regulatory compliance purposes. Support for Legal and Insurance Purposes: As-Built Drawings can be used as legal documents in the event of disputes, insurance claims, or property transactions.

Building Information Modeling (BIM) 52

Building Information Modeling (BIM) Building Code Compliance Change Management Insurance Management 52

Jonas Construction

MARCH 20, 2024

Imagine overseeing a construction project where you’re unsure about the cost of materials, labor, and other overhead costs. From tracking costs to ensuring projects stay within budget, a project cannot be successfully completed without accurate accounting data and reporting.

Construction Management 59

Construction Management Project Management Health Regulations Cost Control 59

Viewpoint Construction Technology

MAY 30, 2018

Editor’s Note: This is Part 3 of a five-part series on Construction Project Management. Previously, we looked at the complexity of construction projects and the importance of the folks working on project teams—especially the project manager who has to keep all people and processes moving on a daily basis.

Project Management 69

Project Management Building Information Modeling (BIM) Change Management Construction Management 69

CCR Magazine

SEPTEMBER 6, 2023

Plumbing installations, while being an essential service, also bear significant costs that, if not managed wisely, can disrupt your attempts at financial stability. Start by itemizing everything - from procurement cost of supplies to overhead expenses like utilities and insurance premiums.

Plumbing 52

Plumbing Piping Installation Insurance Management Cost Control 52

Autodesk Construction Cloud

FEBRUARY 5, 2022

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. While comprehensive, a list that long isn’t quite actionable because it contains many things you can’t control such as force majeure or acts of god.

Risk Management 59

Risk Management Construction Management Schedule Management Project Management 59

CCR Magazine

JULY 31, 2024

By installing specially selected fixtures or indoor climate control features for your master bedroom, you will be guaranteed performance. Quality Craftsmanship This is basically a foundation of building a custom home and often plays a crucial role in making sure the final products meet and exceed expectations.

Property Management 52

Property Management Risk Management Insurance Management Quality Control 52

Job Order Contracting

FEBRUARY 24, 2018

All costs associated with bonding (specifically including bond premiums). Employee payroll taxes, insurance, and fringe benefits. Sales tax on material and equipment costs. Project management and supervision. Quality control. Office management and equipment. Subcontractors’ overhead and profit.

Insurance Management 40

Insurance Management Risk Management Cost Control Permits 40

LetsBuild

JUNE 23, 2023

The most important construction KPIs indirectly relate to profit by looking at things like labour productivity, worker safety, and quality control. Quality control We know quality control is important, but why? It also helps keep incident-related costs low.

Quality Control 52

Quality Control Project Management Cost Control Stakeholder Engagement 52

UK Construction Blog

DECEMBER 5, 2023

The post Forecasting the Future: Will Construction Costs Go Down in 2024? Forecasting the future of construction costs has always been a challenge due to the multitude of factors that can influence prices, such as economic conditions, market demand, and technological advancements. appeared first on UK Construction Blog.

Building Information Modeling (BIM) 62

Building Information Modeling (BIM) Building Materials Manufacturing Cost Control Building Materials 62

Construction Specifier

JUNE 17, 2024

Designing for resilience As climate-related stressors intensify, resiliency—the ability to adapt to, withstand, and rapidly recover from hazards—has become an increasingly urgent issue for building owners, government officials, property insurers, and design and construction professionals. Millions of properties across the U.S.

Sustainability 105

Sustainability Building Resilience Environmental Impact Assessment Building Materials Manufacturing 105

CCR Magazine

NOVEMBER 21, 2023

Business owners and property managers in New Jersey understand the importance of keeping their establishments safe and secure. The presence of security personnel signifies order and control, sending the message that illegal activities will not be tolerated.

Property Management 52

Property Management Cost Control Site Planning Risk Management 52

LetsBuild

JUNE 23, 2023

The most important construction KPIs indirectly relate to profit by looking at things like labour productivity, worker safety, and quality control. Quality control We know quality control is important, but why? It also helps keep incident-related costs low.

Quality Control 52

Quality Control Project Management Cost Control Stakeholder Engagement 52

Building Radar

AUGUST 5, 2024

These conditions lay the groundwork for how a project will be managed, defining the responsibilities and expectations of both the client and the contractor. They typically cover a wide range of topics, including project management, quality control, safety, and dispute resolution.

General Contracting 52

General Contracting Contracts Building Code Compliance Insurance Management 52

CCR Magazine

AUGUST 1, 2024

You’re here because you’re eyeing a successful commercial construction project, but the looming costs might be a concern. Conceivably, this concept of cost-efficiency resonates with your situation. Orchestrating a complex construction plan with efficient cost-saving measures isn’t everyone’s cup of tea.

Building Information Modeling (BIM) 52

Building Information Modeling (BIM) Real Estate Development Property Management Project Management 52

CivilJungle

DECEMBER 21, 2021

Information of Construction Risk Management. Construction risk management is a long steep process, in which we have to calculate the all-possible risk and determine the process by which we can reduce this type of risk. Construction risk management system keeps the detailed document of all-possible risks for easy to address them.

Risk Management 52

Risk Management Construction Management Environmental Impact Assessment Project Management Consulting 52

Building Information Management

JULY 2, 2016

A JOC Coefficient is numerical factor that represents costs (generally indirect costs) not considered to be included in the associated JOC Unit Price Book, UPB. Which costs many or may not be included in the coefficient should be clearly spelled out in the JOC Request for Information, Request for Proposal, and/or Solicitation.

Contracts 40

Contracts General Contracting Insurance Management Risk Management 40

Procore

DECEMBER 4, 2023

The Industry Better Leverages Generative AI to Standardize Data Today, teams are burdened to get the project done on time and within budget - while still keeping safety and quality requirements in mind. In the future, the inability to meet ESG requirements may even prevent companies from submitting bids altogether.” ” 4.

Risk Management 124

Risk Management Infrastructure Development Specialty Contracting Building Standards 124

Job Order Contracting

SEPTEMBER 28, 2016

A Job Order Contract Coefficient is a numerical factor that represents costs (generally indirect costs) not included in the unit price line items within the Unit Price Book, UPB, associated with the Job Order Contract. All costs associated with bonding (specifically including bond premiums). Project management and supervision.

Contracts 40

Contracts General Contracting Insurance Management Risk Management 40

Field Wire

MARCH 5, 2024

Estimating project costs correctly and managing the budget accordingly are just as vital. You must have domain expertise and foresight to calculate how much everything will cost, avoid charging too little and spend funds properly. All subcontractors make project cost estimation and budgeting errors.

Estimating 52

Estimating Budgeting General Contracting Insurance Management 52

iField Smart

DECEMBER 12, 2024

Overview A Construction Daily Report is key for managing projects. Project managers are overwhelmed with time-consuming and error-prone paperwork. For example, photographs related to damaged materials or finished tasks provide strong evidence for quality assessments and disputes. Drowning in error-prone paperwork?

Project Management Consulting 52

Project Management Consulting Project Management Construction Equipment Construction Management 52

Civil + Structural Engineer

NOVEMBER 21, 2024

Toll Brothers is acting as managing member and development lead for the project, overseeing approvals, design, construction, and sales. Bank OZK is delighted to finance another project for a quality sponsor like Toll Brothers and its partner Daiwa House,” said Dave Sarner, Managing Director of Originations at Bank OZK.

Real Estate Development 130

Real Estate Development Land Use Regulations Risk Management Building Materials Manufacturing 130

CCR Magazine

OCTOBER 28, 2024

Here’s a step-by-step guide to help you navigate the journey: Define Your Objectives: Identify proposed objectives and outcomes, and get approval in advance to ensure the specific redesign aims, values and costs. Think about what part of the refresh can influence business development and how the value can be maximized.

Building Permits 52

Building Permits HVAC Systems Cost Control Quality Control 52

Job Order Contracting

FEBRUARY 20, 2023

The J OCPB (JOC Price Book: reflects the current local costs in detail for construction tasks expected to be performed in the geographical area of the base contract with the primary use of developing a detailed line-item price. Most Army and DoD JOC Program specify “RS Means” cost data. 5117.9001 Definitions.

Contracts 88

Contracts General Contracting Government Works Cost Control 88

CCR Magazine

FEBRUARY 6, 2024

Initiating this process well in advance can provide ample opportunity to foresee and address any potential obstacles, fostering an environment of organization and control. Declutter Decluttering before a move is a transformative step towards efficiency and cost-effectiveness.

Insurance Management 52

Insurance Management Safety Regulations Schedule Management Risk Management 52

UK Construction Blog

APRIL 25, 2024

This guide will help you understand how this process adds value to your project by saving costs, adhering to environmental standards, and simplifying the renovation journey. One of the most compelling advantages is cost efficiency.

Environmental Impact Assessment 62

Environmental Impact Assessment Historic Preservation Safety Regulations Building Performance Measurement 62

CCR Magazine

NOVEMBER 11, 2024

Neighborhood character, school quality, and local amenities significantly influence property selection. Property taxes, insurance costs, and maintenance expenses factor into monthly budgeting. Energy-efficient improvements often justify higher upfront costs because of long-term savings.

Environmental Impact Assessment 52

Environmental Impact Assessment Material Storage Fire Protection System Installation Real Estate Development 52

In Eight

JUNE 15, 2023

With an average of only 2% of projects coming in on time, on budget and to the satisfaction of all stakeholders,1 more and more innovative contractors, owners and engineers are overcoming these challenges utilizing using an integrated construction project management platform. Minimized or removed resource constraints.

Construction Management 52

Construction Management Schedule Management Risk Management Change Management 52

CCR Magazine

OCTOBER 28, 2024

It can be put to work to improve quality, minimize safety concerns, and speed up key processes. Cost estimation: machine learning models can consider countless variables – from material costs to labor rates and site conditions – to generate more accurate and competitive bids.

Building Information Modeling (BIM) 40

Building Information Modeling (BIM) Environmental Impact Assessment Quality Control Building Optimization 40

UK Construction Blog

MARCH 20, 2024

Every fleet manager wants to lead the superhero nexus: executing quality services, at wallet-friendly costs. What do Telematics do for Fleet Management? In essence, telematics is a transformative tool that offers a holistic view of fleet operations, and empowers managers to make informed decisions.

Plumbing 52

Plumbing Plumbing Systems HVAC System Installation HVAC Systems 52