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5 Ways Contractors Can Improve Profitability

Construction Business Owner

5 Ways Contractors Can Improve Profitability. By following project accounting best practices as they manage budgets and billing, they can help ensure the profitability of each project. How to determine your true costs so you can master the budgeting process. accounting software. How to reduce the risk of every project.

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Don’t Let Rework Devastate Your Deadlines

Construction Business Owner

Of course, some measure of rework in construction is expected — despite your best efforts — and is built into project budgets and timelines. Open lines of communication to contractors, subcontractors, suppliers and other stakeholders. . Construction rework can have devastating effects on your deadlines and profits. Jake Freivald.

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How Improved Change Order Communication Can Reduce Risk for all Stakeholders

Construction Business Owner

And with larger projects being completed with new delivery methods like design-build and integrated project delivery (IPD), updates to your process and technology stack tools are required to stay on time and on budget. Greg Seldon. Director of Sales. Please complete the form below to register for this upcoming webinar.

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Federal Facilities – Implementation of Energy Savings Projects and Performance-Based Contracting for Energy Savings

Building Information Management

Learn more: Software , JOC White Paper , A Comparison of Cost Estimation Software Tools. Agencies shall prioritize ECMs with the greatest return on investment, leveraging both direct appropriations and performance contracting, consistent with guidance by the Office of Management and Budget (OMB). (b) The White House.