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Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Controlling construction costs is not rocket science, nor does it involve time travel. Any real property owner can control construction costs for facilities repair, renovation, maintenance, and new build projects. Consistently delivering quality projects on time and on budget simply requires leadership, accountability, and commitment.

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The Five Basics of Fundamentally Sound Construction Operations

Cassell Construction Estimating

The Five Basics of Fundamentally Sound Construction Operations 1. Obtain signed Subcontract quotes for the ENTIRE scope of sub tasks 2. Conversion to Accounting (Successful Projects only) a. Accurate Estimating a. Build the entire job, step by step in your head b. Take a consistent, organized approach (computer OR manual) c.

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#134:  30-Day Accountings for Subcontractor/Supplier Mechanic’s Liens

NH Construction Law

” The notices triggering this accounting requirement can be given to the owner before the first labor or materials get furnished ( RSA 447:5 and RSA 447:7 ) or after ( RSA 447:6 ) – but in either event, written monthly updates of the amount owed are required. Standard Construction Co. , McGranahan v. 46, 47 (1957).

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Henry Construction supply chain hit for over £43m

Construction Enquirer

Hundreds of suppliers and subcontractors have been left £43m out of pocket by the collapse of Henry Construction Projects. When FRP was appointed £400m turnover Henry had 60 live sites with just 54 staff and a further 41 subcontracted quantity surveyors on the books. Henry also held performance bonds with a dozen surety providers.

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Cladding firm wins £1.7m payment battle with ISG

Construction Enquirer

Cladding contractor FK Construction has won a high court ruling enforcing an adjudication requiring ISG pay it £1.69m. cladding subcontract arose when FK issued a £1.69m application for payment which was greeted with a payless notice and then not paid. The payment dispute over the £3.4m

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Choose With Care: Tennessee Federal Court’s Prompt Payment Conclusions Turn on Choice of Law Clause

Constructlaw

Relyant subcontracted with Federal Engineers and Constructors, Inc. (FE&C). Relyant later terminated its subcontract with FE&C. Under FE&C’s theory, it was entitled to recover interest under a subcontract provision that generally incorporated all “terms and conditions … required by law.”

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Sage Intacct Construction Brings Financial Management to the Cloud

Construction Junkie

This article is part of Construction Junkie’s coverage of Groundbreak 2020 , Procore’s annual technology conference. There’s no doubt that one of the most important aspects of managing a construction project is being able to quickly and easily analyze your financials. Sage will be in attendance in the virtual exhibitor hall.

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