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Change Orders in Construction – 101 Guide

Lets Build

Change orders are common to construction projects. Whatever is the case, it is important to know how you can more effectively handle a change order as it can change your project both time and money. What is a change order in construction? What causes a change order.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Identify the Contract.

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What Causes Construction Project Delays?

Viewpoint Construction Technology

Unfortunately, many contractors are still relying on non-integrated, on-premise software solutions, which often means data reporting is delayed between the field and office, and those tasked with analyzing project productivity are often working from information that is days, weeks, even months old. Subcontractor Schedules and Compliance.

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Credible Construction Estimate Core Elements

Job Order Contracting

Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective. The reliance on outdated information (more the three month old) can introduce significant error. Primary data sources should be used whenever possible.

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Better Manage Construction Costs Schedules and Quality

Job Order Contracting

The errors and poor processes result in change orders, project delays, and legal disputes. The fundamental reason for poor outcomes is the failure to implement and properly manage robust and integrated LEAN planning, procurement, and project delivery processes.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Connecting within the Construction Company » Free Webinar: Managing Information Overload. Managing this information overload can be difficult. With so many sources of information, it’s never been more important to take charge and develop a business information plan.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time. The first step is to track every part of the project to streamline reviewing legal terms and change orders, for example. Delayed change order resolution.