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Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 178
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2023 Collaborative Job Order Contracting

Job Order Contracting

Owners must provide leadership and accountability and not excessively rely upon “JOC consultants” #2. Paying a “percentage of construction volume” for “JOC services” is costly and not in concert with the fiduciary responsibility of public sector owners. #3.

Contract 220
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Streamlining Construction Workflows: Hodari Africa  Excels with Autodesk Build

Autodesk Construction Cloud

Hodari Africa , a leading project management firm, recognised the limitations of traditional document-sharing platforms and sought a more robust solution to enhance their construction workflows. I had used Autodesk Construction Cloud’s BIM 360 solution in a previous role and found it extremely simple to use,” says Deric.

Autodesk 124
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Construction project management 101 – Checklist

Lets Build

The term construction project management can be used to describe a vast number of tasks, roles and responsibilities. Read more: How to reduce construction delays by more than 20%. Construction Management 101. For the definition of construction project management, it’s basically PMI’s definition in the construction context.

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What is a submittal in construction? A comprehensive guide

Lets Build

Construction projects involve multiple experts, like architects, consultants, electricians, and compliance professionals, working together to ensure successful outcomes. To that end, project managers and contractors must issue construction submittals to these experts for approval, review, or guidance.

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What is a submittal in construction? A comprehensive guide

Lets Build

Construction projects involve multiple experts, like architects, consultants, electricians, and compliance professionals, working together to ensure successful outcomes. To that end, project managers and contractors must issue construction submittals to these experts for approval, review, or guidance.