Viewpoint Construction Technology

APRIL 24, 2019

The construction industry collects mounds of data. As business technologies grow across all industries and younger, more data-informed professionals enter the construction workspace, contractors are diving deeper into their data by deploying business intelligence solutions in construction that fuel real-time analytics.

Construction 184

Construction Software Software Contractors 184

Pro Builder

NOVEMBER 30, 2020

Yesterday an old friend called to interview me for an article he’s writing about the impact of technology on the home building industry. They thought scheduling was “pretty good.” . Good as gold,” is how he described the schedule, adding, “If they say the house is ready, you can take it to the bank. Technology wasn’t a factor.

Schedule 91

Schedule Products Software Software 91

Construction Junkie

FEBRUARY 10, 2021

No matter the industry, robots are highly efficient at performing repetitive tasks. We’ve seen that firsthand in the construction industry in recent years with the emergence of bricklaying , rebar-tying , and overhead drilling robots. courtesy of Canvas.

San Francisco 100

San Francisco Union Site Overhead 100

Pro Builder

JULY 30, 2021

Pondering the inability of most in the industry to adopt such best practices, a quote from the venerable late Dr. W. The result is tremendous variation in how homes are built, scheduled, and managed. 4, above—schedule and variation. Have a fully reliable construction schedule. Similarly, variance levels have doubled.

Schedule 119

Schedule Bidding Plans Management 119

Job Order Contracting

MARCH 27, 2019

A properly developed UPB is written in plain English and organized using the industry standard CSI Masterformat data architecture. For example, comparing owner project estimates with contractor estimates, comparing planned scope, cost, schedule, resources, performance, and values against initial plans are all commonplace activities.

Renovating 100

Renovating Estimating Construction Budgeting 100

Autodesk Construction Cloud

JUNE 21, 2021

The other half is aligning a clear information management (IM) strategy to industry standards to drive value from day one. Industry standards and specifications play a crucial role in helping to articulate information and data requirements across the asset lifecycle. While getting ownership of your data is only half of the equation.

Environment 52

Environment Schedule Management Commissioning 52

Pro Builder

JANUARY 28, 2022

I wonder how often the Pittsburgh decision-makers were overhead proclaiming “The numbers don’t lie! Schedule/Cycle Time: At What Point Do You Start Measuring? But, especially in these days of inflated schedules, the measurement is fraught with complications. As an industry, we measure absolutely none of these aspects well.

Permits 98

Permits Overhead Foundation Budgeting 98

Carol Hagen

SEPTEMBER 1, 2010

To be clear, Corecon is something that my firm markets to the construction industry and I believe that they’ve hit the nail on the head. Corecon is a web-based estimating, project management and scheduling system that has managed to roll-out mobile apps at no cost to the Corecon client. Schedules. Apple – iPad.

Project Management 196

Project Management Mobility CoreCon Management 196

Autodesk Construction Cloud

AUGUST 12, 2021

No stranger to disruption, the construction industry is experiencing higher levels of digitization than ever before. Because the building process is so uniquely complex, accounting practices must be adapted to the construction industry. Industry-Specific Costs and Expenses. Everything Is Moving All the Time. Subcontracts.

Accounting 52

Accounting Software Software FASB 52

Job Order Contracting

JUNE 12, 2017

In general terms are an actionable construction cost estimate should reflect approximate costs developed for a complete schedule of detailed construction line item tasks/activities after consideration of all physical and functional requirements and possible cost variations. . Example: Corporate Tax, Fringe Benefit Tax.

Estimating 100

Estimating Construction Schedule Forecasting 100

Job Order Contracting

SEPTEMBER 29, 2017

The proposal shall also contain a schedule for the completion of a specific project scope of work as requested by the organization. The proposal may also contain approved drawings, work schedule, permits, or other documentation as the organization may require for a specific job order. The prices shall not include overhead and profit.

Organization 100

Organization Contract Liability Contractors 100

Chianelli Estimating

AUGUST 6, 2020

Construction is resuming but the effects of COVID-19 has drastically altered the industry’s mode of operations forever. COVID-19 isn’t the same type of work-related hazard the industry is accustomed to. longer completion times affecting sequencing and finish dates, additional scheduling & sequencing. cost overruns.

Estimating 60

Estimating Residential Insurance Commercial 60

Autodesk Construction Cloud

FEBRUARY 7, 2022

To generate profits in an industry known for razor-thin margins, firms need to maintain control over cost and schedule at every phase of construction. Budgeting and schedule management software. The most effective way to ensure profitability is to create a carefully planned budget and schedule. Estimating software.

Software 95

Software Software Construction Bidding 95

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. The construction industry adopted the concept as a way to place a value on projects before they were officially paid for. Meaning, they’ve likely paid for most of the materials, labor, and overhead a while back.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Job Order Contracting

FEBRUARY 20, 2018

coefficient (reference table of allowable overhead). ORGANIZATION NAME Technical Staff / Facilities Management Department Representative(s) and authorized ORGANIZATION NAME Procurement Authority review the Contractor’s Proposal. The UPB costs should NOT include contractor overhead and profit. Scheduling. authorization.

Contract 100

Contract Organization Change Orders Overhead 100

Job Order Contracting

JULY 29, 2021

Bid shopping can occur and actual overhead and profit amounts are unknown. Agency CM can provide industry experience and estimating, scheduling, and project management expertise for the owner’s benefit. B id shopping can occur and actual overhead and profit amounts are unknown. Advantages. Disadvantages.

Design 130

Design Bidding Engineering Construction 130

Autodesk Construction Cloud

AUGUST 15, 2023

But these things are only possible with the remarkable people working in the industry. The Autodesk Construction Champions is an exciting annual and global awards program recognizing 25 construction thought leaders making waves in the industry by driving innovation and change.

Autodesk 52

Autodesk Construction Innovation BIM 52

Construction Cost Estimating

APRIL 5, 2015

With this book the electrical contractors will be able to provide the total cost for materials, labor , overhead and profit precisely. This edition is aimed at revealing recent labor–hour productivities and practices for procuring material prices compliant with legitimate industry standards and most excellent practices.

Estimating 40

Estimating Electrical Contractors Bidding 40

Autodesk Construction Cloud

DECEMBER 31, 2021

Autodesk experts share a look at the state of the construction industry, including a few insights you may not expect. There’s no question that data plays a more important role than ever in the construction industry. Data Holds the Key to Long-Term Industry Resiliency. Under this framework, you start with a data point.

Risk 52

Risk Management Construction Autodesk 52

Pro Builder

JULY 26, 2021

I wrote columns about the coming trade labor shortage more than 10 years ago and was pretty hard on the industry for not engaging in meaningful ways to solve it. We can’t simply sit back and let others in the industry work to solve the problem on our behalf. The home building industry has been pretty good to you, hasn’t it?

Overhead 105

Overhead Profitability Housing Materials 105

Autodesk Construction Cloud

JANUARY 31, 2022

We asked recognized leaders, technologists, and industry strategists from across the globe to share their top trends and predictions for future-proofing a construction business in 2022 and beyond. Sumit Oberoi, Industry Strategy Manager for APAC at Autodesk. APAC construction industry transforming at a rapid pace.

Construction 97

Construction Autodesk BIM Modeling 97

Safety Services Company

MAY 3, 2021

Each of these topics is highly relevant to the construction industry. The rest of the topics on this list are also important to include on your regular safety meeting schedule. They are highly relevant to the construction industry. But how do you know what to cover in these trainings? Let’s take a closer look.

Safety 62

Safety Injury Construction OSHA 62

Construction Cost Estimating

MAY 17, 2018

This type of document also involve overhead costs, what to claim and your rights. Creating Construction Schedule: The construction schedule belongs to a significant piece of the document. Costs in the Construction Industry: This document includes the break-ups of all items being incorporated in the construction project.

Documentation 40

Documentation Construction Drawings Contract 40

Rory Woolsey

MAY 31, 2012

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” Beyond this, the installing contractor’s overhead(s) and profit will need to be added. Overhead: Overhead is the markup for the general contractor’s home office overhead.

Estimating 40

Estimating Overhead Profitability Construction 40

ProcurementExpress.com

JANUARY 2, 2019

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. The construction industry adopted the concept as a way to place a value on projects before they were officially paid for. Meaning, they’ve likely paid for most of the materials, labor, and overhead a while back.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Pro Builder

JANUARY 31, 2023

RELATED Downturn Revisited—Why Efficiency Wins Every Time for Your Business Why You Need a Backup Plan for a Housing Market in Flux Even Flow: The Heartbeat of a Production Builder Housing Industry Performance Analysis We recently released the 2021 Home Builders Comparative Financial and Operational Analysis. Manage overhead.

Inventory 98

Inventory Housing Profitability Cash Flow 98

Levelset

SEPTEMBER 22, 2022

In the construction industry, a lot can go wrong with the progress and completion of the structure itself. of all deaths in the construction industry. . Also, make sure that more frequent scheduled and unlimited as-needed breaks can be taken in the shade or air-conditioned spaces. The true cost of health & safety hazards.

Safety 52

Safety Injury Risk Construction 52

ProcurementExpress.com

FEBRUARY 11, 2019

For one, project management is huge—we recommend investing in a project management program specific to the construction industry. The consulting group reported that the industry needs to adopt automation, digital technologies, and embrace new materials if they want to succeed in a changing industry landscape. Click To Tweet.

Procurement 63

Procurement Plans Construction Budgeting 63

Safety Services Company

DECEMBER 4, 2014

Creating new processes that are more efficient, and reducing material costs and overhead are critical parts of the profit equation, but cutting corners and skimping on safety are not. When you contact your states consultation office, they will schedule a visit to tour your workplace.

OSHA 67

OSHA Consulting Inspections Safety 67

ProcurementExpress.com

FEBRUARY 11, 2019

For one, project management is huge—we recommend investing in a project management program specific to the construction industry. The consulting group reported that the industry needs to adopt automation, digital technologies, and embrace new materials if they want to succeed in a changing industry landscape. Project Management.

Procurement 52

Procurement Plans Construction Budgeting 52

Pro Builder

OCTOBER 4, 2021

Each team had been directed to identify only those steps that could stand up to cold, harsh, no-tears reality—the current process as it is, not what the schedule claims or what it might be in a perfect world. Fully vetted, experienced trades who provide top-quality work and consistently meet schedule requirements.

Plans 98

Plans Schedule Claims Management 98

Autodesk Construction Cloud

OCTOBER 19, 2021

Advanced Work Packaging (AWP) is a Construction Industry Institute (CII) best practice that brings a construction-focused approach to planning and collaboration systems for building capital projects. This administration and overhead can add substantially to the implementation efforts. What is advanced work packaging? .

Plans 52

Plans Construction Autodesk Engineering 52

cnstrctr

JANUARY 20, 2019

Your contract may stipulate a turn around time but the industry standard is five working days from date of issue. Your spreadsheet should include trade name, value, description of the work, and any overhead and profit you think will be necessary to cover off your costs and fee. Compiling Your Construction Change Quotations.

Documentation 60

Documentation Construction Contract Consulting 60

Rory Woolsey

JANUARY 16, 2012

I have a good feeling about our construction industry (and our country) in that the next couple of years I am predicting that the dark cloud that has been hanging over us will start to lift in this year and next (Yes!). Woolsey has also held positions with some of the leaders in the construction industry, such as Bechtel and H.J.

Estimating 45

Estimating Construction Overhead Contract 45

Contractor Bookkeeping

AUGUST 16, 2013

Expenses - Overhead required to maintain business operations. Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting. Fixed List Of Your company Schedule of Values. Labor And Industries Quarterly Tax Return Preparation. Job Status.

Work in Progress 59

Work in Progress Accounting Construction Leases 59

Rory Woolsey

APRIL 4, 2012

Bare is exactly that; it is the bare cost of the direct activities less any mark ups for labor burden, taxes, bond, overhead and profit. All direct costs are then adjusted to include home office overhead and profit for the installing contractor. Site overhead costs can be 5% to 15% of the overall project cost.

Estimating 45

Estimating Construction Overhead Software 45

Construction Cost Estimating

APRIL 25, 2019

Sage Estimating also facilitates forecasting the labor, raw material and other overhead costs so that the contractors can arrange & deliver correct bids. Download Candy It is a superb Construction Project Management Software to manage projects efficiently in the construction & engineering industry.

Bidding 40

Bidding Estimating Software Software 40