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8 essential steps for effective project cost estimation and budgeting

Fieldwire

To say that winning bids is the key to success in construction is a half-truth. Estimating project costs correctly and managing the budget accordingly are just as vital. Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable.

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Construction Payment Speed: Winners and Losers

Levelset

While any construction business can succeed in getting paid by exercising its payment rights , the current reality is that some roles and project types are succeeding or struggling more than others. Read on to find out who’s winning and losing in the construction payment game — and what you can do about it.

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Everything You Need to Know about Construction Bonds

Pro Builder

There are many rules and regulations governing how things work, and they differ dramatically based on the state or locality you are trying to build in. Because of how complex this industry is, there are a lot of risks associated with construction projects. They are usually a government agency. Surety Bonds. Auctioneers.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. So when I discovered Cross Country running in high school, it felt good to be able to compete and to actually win. STRATEGY |. ACCOUNTING |.

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Proposal Win Themes: Stop Relying On Them

Help Everybody Everyday

Yes, today I’m going to try and convince you that relying on proposal win themes is a fool’s game. Or at the very least, you’ll walk away with a new perspective on proposal win themes and strategy. What Are Proposal Win Themes? There is some debate about how many win themes to include in your proposal.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Some project managers tend to think of safety in the workplace as one of those things that we do “when we get a chance.” STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. “How good do you want to be?” Document Management. I was surprised at how few hands were raised. STRATEGY |.

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