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8 essential steps for effective project cost estimation and budgeting

Fieldwire

Estimating project costs correctly and managing the budget accordingly are just as vital. All subcontractors make project cost estimation and budgeting errors. Follow these eight essential steps to estimate project costs and budget funds effectively to prevent grave miscalculations. Quality must take priority over price.

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Maximising ROI with construction project execution software

Lets Build

Proper budgeting Budgeting requires the most attention to ensure on-budget projects. Poor budgets can lead to delays or even incomplete projects. This allows you to work within the budget. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc.

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Maximising ROI with construction project execution software

Lets Build

Proper budgeting Budgeting requires the most attention to ensure on-budget projects. Poor budgets can lead to delays or even incomplete projects. This allows you to work within the budget. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc.

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What’s the difference between RFIs, Submittals and Specifications?

Fieldwire

The construction RFI is a formal written process in which parties, such as the contractor and designer, clarify information gaps in construction documents. Specifications, often called specs, in construction documents usually include information about the project’s materials, the timeline, methods and requirements.

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How to easily create a construction closeout report using Fieldwire

Fieldwire

A closeout report is a document created at the end of a construction project to summarize important trends of said project. It may include final inspections and punch lists , changes to scope, budget and timeline, and even milestones or lessons learned. In sum, the closeout document is the legacy of a construction project.

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What is a submittal in construction? A comprehensive guide

Lets Build

Many types of documents during construction make up submittals. In most cases, project managers usually attach these documents or submissions to the project manual for easy accessibility and to provide information to all stakeholders. This can also lead to disconnected operations due to the lack of central document control.

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What is a submittal in construction? A comprehensive guide

Lets Build

Many types of documents during construction make up submittals. In most cases, project managers usually attach these documents or submissions to the project manual for easy accessibility and to provide information to all stakeholders. This can also lead to disconnected operations due to the lack of central document control.