article thumbnail

The digital black hole impacting the construction industry

Field Wire

It’s a widespread problem that attributes to some of the inefficiencies that cause large projects to run on average 20% longer to finish than scheduled and up to 80% over budget. One elevator company found that it was spending $200,000 USD annually in time and cost for asset management. And yes, that can add up fast.

article thumbnail

Reflecting on 2023, Looking Ahead to 2024

Rabbet

Twelve months ago, I reflected on the difficulties in investing in CRE due to the uncertainty in the market and current status of the T-bill in my white paper “ Maximizing Returns in CRE…. ”. Real Time Insights not only on costs, but actions, controls, and schedules.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Manage Compliance for Construction Success

Viewpoint Construction Technology

These days, many contractors are faced with managing larger, more complex projects on a regular basis. That means they have even more to keep track of in their already busy schedules. Construction management is challenging, in no small part because the industry is governed by a plethora of regulations. Building codes.

article thumbnail

Using Business Intelligence to Gain a Competitive Edge

Viewpoint Construction Technology

Whether you’re an owner, executive, project manager, or job supervisor, it’s important to know what’s happening in your business and how you stand next to the competition. In Viewpoint’s latest business intelligence white paper , we outline three key areas where insights and analytics can help contractors gain a competitive edge.

article thumbnail

LinkedIn/Facebook/Twitter Best Practices for Construction Markets Webcast

Construction Marketing

A webcast entitled LinkedIn/Facebook/Twitter Best Practices for Construction Markets is scheduled for Tuesday, February 15, 2011 at 12 pm CST. Construction Marketing Association (CMA) Social Media Manager Brian Reuhl and CMA Chairman Neil M. The Powerpoint presentation deck and white paper (.pdf)

article thumbnail

Project Foundation Pt. 1: Building the Master Schedule

Stok

That foundation is a detailed schedule and budget, created and owned by the Project Manager, with input from consultants and contractors, and approved by the Client. To start, here are key considerations to take when creating the Master Schedule, prioritized by stok’s Project Managers : 1.

article thumbnail

Things to Consider When Starting a Construction Project

PN - Project Management

White elephant construction projects Those embarking on a new construction project must do thorough planning before starting the project. Instead, focus on setting a realistic budget with the help of your finance team or project manager. Will your construction project be completed on schedule?