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Residential projects: 5 mistakes project managers don’t know they are making

Lets Build

Many project managers in repetitive residential projects tell us that they have to spend up to 50% of their time each week on planning. In an effort to help you avoid ending up in the same situation, here is a list of 5 common mistakes project managers don’t know they are making: . They use the wrong tools.

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Construction spending is projected to increase by more than 11% through 2022

BD+C

The office, education, amusement and recreation, manufacturing, and transportation sectors are expected to be the impetus behind a projected 3% increase in spending on engineering and construction in the United States, according to the recently released 2019 FMI Overview , which features the management consulting and investment banking firm’s predictions, (..)

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Gove leans on big investors behind Grenfell cladding firms

Construction Enquirer

He has urged them to use their “position of influence” to help gain a commitment to fund the post Grenfell residential block building safety programme. Major shareholders Blackrock, Vanguard and Fidelity Management, as well as central bank of Norway, have received letters.

Legal 96
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Housing slump sees construction output fall

Construction Enquirer

The bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index recorded 48.9 The index was dragged down by a steep decline in residential work. Construction buyers reported a drop in overall output in June for the first time in five months. in June, down from 51.6 in May and below the neutral 50.0

Housing 103
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Adding Efficient Construction Management and LEED Certification to Lower Operating Costs

Constructonomics

Noelle Hirsch is a regular contributing researcher and writer for the online construction management site, [link]. In today’s post, she delves into the timely topic of integrating efficient construction management and LEED certifications into building practices to lower operating costs and reduce energy use.

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Housing’s Great Rethink: Workforce Development Takes Center Stage

Pro Builder

“Pay is important, but two-thirds of the reasons people actually left jobs in 2021 were due to issues related to their engagement and their overall well-being ,” Jim Harter, chief scientist of workplace management and well-being at Gallup, told Fast Company last March. How Should Construction Hiring Managers Connect With the Next Generation?

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Retention can be withheld on residential or commercial projects and on both public and private projects. When the $90,000 is paid, it is posted with a debit to the bank or cash account and a credit to accounts receivable, clearing the account for that project. Debit Credit Bank or cash $90,000 Retention receivable $90,000.