Levelset

JUNE 6, 2022

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. View profile.

Accounting 98

Accounting ABC Banking Liability 98

Construction Enquirer

JUNE 22, 2023

Hire giant Speedy saw profits slump in its latest accounts after £20m of kit was discovered “missing” earlier this year. The hire giant launched a probe in February after a count-up of its kit revealed a £20.4m stock deficit in smaller site items like scaffolding towers, fencing and non-mechanical plant. while pre-tax profit fell to £1.8m

Accounting 90

Accounting Profitability Environment Management 90

Job Order Contracting

NOVEMBER 4, 2022

This document outlines A Solid Construction Project Delivery Framework to better address the complex problems of planning, procurement, and new builds. While the rampant economic and environmental waste is unsustainable, it continues unabated with virtually zero accountability or oversight. Owner leadership, commitment, and competency.

Procurement 218

Procurement Plans Accidents Construction 218

Job Order Contracting

MAY 6, 2022

Consistent delivery of quality repair, renovation, maintenance, and new build projects on time and on budget is possible using an integrated planning, procurement, and project delivery solution. The post Integrated Construction Planning, Procurement, and Project Delivery Solution appeared first on 4BT. Construction, 12(4), 05020014.

Procurement 219

Procurement Plans Construction Life Cycle 219

Viewpoint Construction Technology

MAY 2, 2018

It’s no secret, though, that many contractors rely on spreadsheets for workflows like accounting, project management, scheduling and estimating. Sachse Construction struggled with this situation, using spreadsheets as a go-between for the software used by its accounting department and the software used by operations.

Accounting 169

Accounting Viewpoint Software Software 169

Construction Law

JANUARY 25, 2024

A Transformation Action Plan for reforming Scottish construction procurement, improving quality and moving towards net zero and fair work has been produced by industry-government collaborative body the Construction Leadership Forum (CLF). See the panel to the right.

Procurement 52

Procurement Plans Accounting News 52

Stok

APRIL 17, 2023

This blog post was co-authored by Stok’s Director of Carbon Services Colette Crouse and students in her Masters of the Environment Carbon Accounting & Management course at the University of Colorado, Boulder: Rebecca Billingsley, Andrea Green, and Kenny Prior (see bios below).

Accounting 98

Accounting Colorado Environment Green 98

Lets Build

JUNE 30, 2023

Keeping this interdependency in mind is key for effective planning. It’s time to consider a new approach: Interactive planning. Free eBook: Quick guide to Lean practices for construction professionals What are interactive planning sessions? More to read: 3 benefits of location-based planning in construction 2.

Plans 78

Plans Schedule Project Management Management 78

Lets Build

JUNE 30, 2023

Keeping this interdependency in mind is key for effective planning. It’s time to consider a new approach: Interactive planning. Free eBook: Quick guide to Lean practices for construction professionals What are interactive planning sessions? More to read: 3 benefits of location-based planning in construction 2.

Plans 78

Plans Schedule Project Management Management 78

Construction Law

MARCH 1, 2024

The Scottish Government has gone to consultation on three proposals to improve the resilience and flexibility of the planning system. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.

Consulting 40

Consulting Plans Accounting News 40

Construction Law

NOVEMBER 24, 2023

Chancellor of the Exchequer Jeremy Hunt has announced a Connections Action Plan in his Autumn Statement to tackle barriers in the system of infrastructure planning that are leading to long delays in connecting new generating capacity to the national grid. See the panel to the right.

Infrastructure 52

Infrastructure Plans Accounting News 52

Construction Enquirer

JUNE 6, 2023

The current planning system will fail to deliver the Government’s ambitions to build infrastructure to meet net zero goals and housing needs. That is the conclusion of a damning report by the Institute for Public Policy Research, which is calling for a complete reset of planning. ”

Plans 113

Plans Housing Transportation Infrastructure 113

Construction Law

JANUARY 19, 2024

Construction price inflation and planning bureaucracy are blamed in a Public Accounts Committee report for failure to improve the UK’s flood resilience. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.

Plans 52

Plans Accounting News Site 52

Construction Law

JANUARY 11, 2024

The Civil Engineering Contractors Association (CECA) has called on government to introduce an 18 month ‘fix’ on infrastructure investment plans covering the periods before and after elections, to be agreed by all major parties. See the panel to the right.

Plans 52

Plans Accounting News Infrastructure 52

Job Order Contracting

JANUARY 15, 2024

Strategic planning, leverage of existing robust lifecycle facilities management processes, and owner responsibility and stewardship of public trust are mandatory and should be enforceable legislative requirements. It’s time for a new approach: agile facilities planning. A focus upon PEOPLE is paramount.

Management 193

Management Accounting Organization Sustainability 193

Construction Law

DECEMBER 1, 2023

The Building Safety Regulator’s (BSR) first strategic plan - a requirement of the Building Safety Act 2022 - has been published, claiming that its impact on high rise building design can already be seen. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

Safety 52

Safety Regulation Plans Accounting 52

HardHatChat

AUGUST 28, 2018

In a best-case scenario, a general contractor budgets a job based on thorough architectural and engineered drawings that encompass not only the client’s design intent, but also careful planning for everything from mechanical systems to cosmetic finishes. Competitively Bidding the Project.

Budgeting 337

Budgeting Budget Commercial Plans 337

Construction Law

MARCH 1, 2024

The High Court has quashed Levelling Up, Housing and Communities Minister Michael Gove’s refusal of Marks & Spencer’s plans to redevelop its flagship Oxford Street store. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.

Plans 40

Plans Accounting News Site 40

Construction Enquirer

JUNE 20, 2023

The Government’s ambitious green power building goals are at risk of not being delivered because of a lack of an overarching and costed delivery plan. In a critical report published today, the PAC calls on Government to pull together numerous decarbonisation plans into coherent strategy.

Plans 77

Plans Green Accounting Security 77

Viewpoint Construction Technology

JULY 24, 2018

HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Viewpoint understands the challenges you face as an accounting, HR or other back-office professional. Don’t miss out!

Accounting 157

Accounting Finance Viewpoint IRS 157

Construction Law

DECEMBER 18, 2023

Controversial new planning rules have been promised for release this week which are expected to mean that local authorities will not have to set aside greenbelt land to meet future housing needs. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

Plans 40

Plans Accounting News Site 40

Contractor Bookkeeping

NOVEMBER 22, 2019

Hiring an accountant is widely considered best practice for small business owners. On the contrary, it's recommended that business owners work closely with their accountants throughout the year to better understand their financial position and make smart plans for future growth.

Accounting 64

Accounting Construction Plans Products 64

Carol Hagen

MAY 2, 2012

Is this Your Construction Accounting Software Selection Process? Choosing a Construction Accounting Software Solution can be a daunting task. It’s the vision of where you are going, recognizing that today’s construction accounting software impacts more than the finance department.

Accounting 164

Accounting Software Software Viewpoint 164

Construction Business Owner

MAY 16, 2023

has committed to reducing greenhouse gas pollution by 50% to 52% from 2005 levels, and with electric utility production accounting for 25% of those emissions, utilities are under pressure to turn to cleaner sources of energy. Electrifying fleets is just another step in their overall plan to reduce the carbon footprint of their operations.

Electrical 209

Electrical Green Accounting Plans 209

Lets Build

AUGUST 24, 2020

This is where the importance of delivering on your 3-6 week planning without any problems becomes visible. With the help of an up-to-date lookahead schedule, a Project manager can plan the tasks and objectives of the project for the next three to six weeks. 3-6 week planning: The key pain points.

Plans 145

Plans Project Management Schedule Management 145

Job Order Contracting

AUGUST 22, 2023

Characteristics of Best Value JOB ORDER CONTRACTING… Real proper owner capability, leadership, commitment, and accountability Integrated internal and external planning, procurement, and project delivery teams within a standardized programmatic process Clear set of objectives and workflows for the all aspects of the programmatic process – (..)

Contract 200

Contract Procurement Agreement Accounting 200

Job Order Contracting

MARCH 28, 2024

How Organizational integration and alignment of cultural, professional, management, and commercial interests is also required, both internally and with construction services providers. References: AIA (2007).

Procurement 189

Procurement Construction DC AIA 189

Construction Law

FEBRUARY 9, 2024

To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account. See the panel to the right.

Accounting 52

Accounting News Plans Site 52

Pro Builder

JUNE 28, 2022

Government Regulations Account For Over 40% Of Multifamily Development Costs. According to NAHB Eye on Housing, changes to building codes have imposed the greatest costs onto builders nationwide, while fees incurred when site work begins account for the second largest share of construction costs. Planning + Development.

Regulation 52

Regulation Accounting NAHB Housing 52

Job Order Contracting

NOVEMBER 7, 2023

FM – 2023 and Beyond 1) Owner Leadership, Commitment, & Accountability 2) Integrated Planning, Procurement, and Project Teams, Processes, and Workflows 3) Standards and Guidance – Shared Objective, Granular, Local Market Construction Task & Cost Data, Expanded Masterformat, Expanded UNIFORMAT 4) Frameworks and Contracts Focused (..)

Procurement 169

Procurement Renovating Education Accounting 169

Construction Enquirer

JULY 9, 2023

The Department for Transport still does not know what it is trying to achieve with the HS2 station at Euston despite spending over eight years planning and designing it. The government announced in March that work on the station will be paused for two years in a bid to cut costs.

Plans 81

Plans Compensation Bidding Budgeting 81

Job Order Contracting

SEPTEMBER 20, 2023

Public sector facilities management is particularly wasteful due to the pervasive lack of capable, committed, and accountable leadership. Most public sector organizations lack a holistic view and/or understanding of integrated planning, procurement, and project delivery. 4 Mandatory initial and ongoing training for all participants. #5

Sustainability 192

Sustainability Management Renovating Procurement 192

Job Order Contracting

MARCH 26, 2024

Concurrent planning, design, construction, and operation throughout the lifecycle of a built structure across disparate multidiscipline teams operating in a transparent and collaborative manner, in concert with real property owner leadership, commitment, and accountability are core requirements.

Sustainability 200

Sustainability Management Renovating Environment 200

Job Order Contracting

AUGUST 22, 2023

Collaborative planning, procurement, and project teams that are integrated on an early and ongoing basis via a robust project delivery method. #2. Real property owner commitment, capabilty, and accountability. #3 3 Initial and ongoing training for all participants. #4 4 Quantitative metrics. #5

Procurement 192

Procurement Change Orders Accounting Risk 192

Job Order Contracting

SEPTEMBER 7, 2022

Procurement must be part of a collaborative and integrated team that involves owner planning and project delivery staff members. However, most procurement teams view JOC simply as a way to speed projects through the planning, procurement, and project delivery cycle. Also, trust and true collaboration with design-builders is rare.

Procurement 201

Procurement Products Construction Accounting 201

Lets Build

MAY 15, 2020

Three-week lookahead schedules (also known as 3-6 week planning) are an integral part of every construction project regardless of their type or size. The main purpose of lookahead planning is to help teams prepare the project’s goals and activities for the next three to six weeks. 3 questions all project managers should ask themselves.

Plans 127

Plans Project Management Management Accounting 127

Contractor Bookkeeping

MAY 31, 2019

Proper construction accounting is all about the details. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero, must be assigned to the proper accounts: Income. The answers you need to operate and grow your company are in reports. Job Deposits.

Accounting 59

Accounting Profitability Overhead Banking 59