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How to survive and overcome inflation and rising construction costs

Lets Build

Arcadis recently released a report about international construction inflation and costs with some interesting findings: Construction companies in both developed and emerging economies are experiencing price increases of over 5%. So what can we do to survive when construction costs are higher than ever?

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Five Ways to Accelerate Construction

GCP Applied Technologies

Effective strategies to stay on schedule in the COVID era & beyond. Effective strategies to stay on schedule in the COVID era & beyond. In 2020 construction project delays have been magnified due to the pandemic. Additional permits may add costs and delays to your project. . Wed, 12/09/2020 - 17:29.

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Five Ways to Accelerate Construction

GCP Applied Technologies

Effective strategies to stay on schedule in the COVID era & beyond. Effective strategies to stay on schedule in the COVID era & beyond. In 2020 construction project delays have been magnified due to the pandemic. Additional permits may add costs and delays to your project. . Wed, 12/09/2020 - 17:29.

Permits 78
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3 construction industry trends in 2023

Lets Build

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed But we also have the opportunity to make the most of these trends, strengthen our profitability, improve our workforce , and take back our profit margins with the right strategies.

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Digital Builder Ep 64: Can We Really Eliminate RFIs in Construction?

Autodesk Construction Cloud

Although designed to provide clarity and prevent mistakes, RFIs often lead to delays, downtimes, and extra costs. Sid Haksar, Autodesk's Senior Director and Head of Strategy and Industry Partnerships, believes there are viable steps the construction industry can take to put an end to RFIs. RFIs: A necessary evil?

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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. But low bidding is a zero-sum game : When owners push bid prices down, cost savings often come at the expense of performance. Related: How an Earned Value Report helps control costs and avoid delays. And guess what?

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Accurately Calculate Home Renovation Costs

Chianelli Estimating

Accurately projecting how much it is to renovate or remodel a home is key to completing projects on time and on budget. There are many variables when accounting for home renovation and remodeling costs. For instance, labor is a variable cost that can often comprise 20%-40% of construction budgets. Renovating Old vs New Homes.