Viewpoint Construction Technology

MAY 14, 2019

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. Staying proactive during projects by recognizing pitfalls and taking appropriate steps to avoid them limits accidents, ensures budgets and timelines remain on schedule and creates a more positive work environment.

Contractors 296

Contractors Software Software Accidents 296

Autodesk Construction Cloud

NOVEMBER 6, 2023

Billy streamlines the collection and verification of compliance documents, such as Certificates of Insurance, business licenses, and certified payroll. DataSeer allows construction professionals to identify, extract, and convert unstructured drawings and documents into standardized output formats, including CSV and CAD files automatically.

Autodesk 118

Autodesk BIM Visualization Construction 118

Autodesk Construction Cloud

JULY 12, 2022

Preconstruction planning gives all stakeholders the opportunity to get on the same page to discuss the crucial project details—including objectives, design, schedule, budget, etc. Maximizes Profit. This results in higher profitability—something that’s critical in a low-margin industry like construction. .

Plans 52

Plans Documentation Schedule Risk 52

Job Order Contracting

MARCH 27, 2019

Prioritize and Budget Requirements Every real property owner is face with aligning organizational requirements with facilities repair, renovation, and construction needs as well as available current and projected multi-year resources. Repair, Renovation, & Construction Project Cost Management.

Renovating 100

Renovating Estimating Construction Budgeting 100

Construction Marketing Ideas

OCTOBER 4, 2012

This posting from Paul Lesieur in the Remdodelcrazy.com blog is worth repeating:’ Why are the bids so different? We like the contractor with the highest bid best because he had detailed all the fixtures we wanted and his estimate was very detailed in general. Why are the bids so different?

Documentation 63

Documentation Bidding Estimating Contractors 63

Viewpoint Construction Technology

OCTOBER 23, 2018

Better understanding your project data can help significantly boost productivity and profitability on current projects, as well as better plan future ones. Bidding Smarter and Winning More Work. Several construction data trends have emerged recently. Diving Deeper into Construction Data.

Construction 241

Construction Software Software Cash Flow 241

HardHatChat

MARCH 17, 2015

Interestingly enough, we have found owners for many of the commercial construction projects out-to-bid are looking to work with design-build construction firms. A design-build firm will likely work with a trusted set of subcontractors that they know will deliver a successful commercial construction project on time and budget.

Design 120

Design Commercial Budgeting Budget 120

Autodesk Construction Cloud

JUNE 23, 2022

Their success is a critical element of how a company continues operating at a profit for another day. . Once this was established, competition rose and master builders started taking bids and negotiating rates with the building owners. . The History of Surveying . What has changed is the minds of many estimators themselves.

Estimating 105

Estimating Modeling Documentation Risk 105

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” Know the Contract and Budget. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. Home » Blogs.

Change Orders 120

Change Orders Construction Profitability Software 120

CK Power

APRIL 3, 2020

MEP engineering firms put great care into fine-tuning master specs to accurately communicate the specific needs of each of their projects, far before sending them out to bid. Tarnished reputation (and reduced bid opportunities) if the owner is not satisfied with the initial and long-term quality of the job.

Bidding 52

Bidding Documentation Miami US 52

Autodesk Construction Cloud

JULY 8, 2021

Construction firms can use cost codes to document, categorize, and analyze costs efficiently. These codes are typically represented by numeric or alphanumeric values and often form part of an overall budget code and a key piece of a work breakdown structure (WBS). . This is where construction cost codes come into play. Cost Control .

Construction 52

Construction Profitability Budgeting Budget 52

Pro Builder

APRIL 19, 2021

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. Using an intelligent solution allows project managers to base their bids on past project data and actual expenses. 4) Budgeting & Finances.

Software 52

Software Software Contractors Change Orders 52

cnstrctr

JANUARY 4, 2020

A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. The contract would be solely based on those documents and the scope of work.

Contract 88

Contract Construction Finance Documentation 88

Autodesk Construction Cloud

DECEMBER 3, 2021

How Proper Planning Can Help Keep Your Project on Budget. In fact, according to a study from KPMG, just 31% of all projects came within 10% of the budget in the past 3 years. Oftentimes, overruns hint at deeper issues in project management and from schedules and budgets being set improperly from the very beginning of the project.

Budgeting 52

Budgeting Budget Construction Software 52

Construction Cost Estimating

JUNE 21, 2010

A competitive bidding process, the most prevalent procurement method, used to control construction costs for owners. Poor management of the process may lead to the delay of project or a project over budget or both. In traditional design-bid-build, price is considered to be the primary factor for determining who will win the project.

Bidding 40

Bidding Estimating Construction Documentation 40

Job Order Contracting

AUGUST 15, 2017

Detailed line items are also used to create and validate construction budgets. Contractors – Detailed unit price line estimates derived from unit price books are used to bid jobs, or supplement bids, and are also used by general contractors and construction managers to validate bids from sub contractors.

Contract 100

Contract Estimating Bidding CSI 100

Job Order Contracting

FEBRUARY 17, 2017

Contractor bid extremely low JOC co-efficients (0.50 This “padding” of proposals was done to offset the low adjustment factors bid by the JOC contractors. This allowed the two documents to match; however, the scope of work would not accurately reflect the work performed. This was an understood practice within the JOC program.

Contract 100

Contract Long Beach Project Management Bidding 100

ProcurementExpress.com

FEBRUARY 11, 2019

How ProcurementExpress.com Helps Construction Teams Manage Purchases Across Different Budgets–click here to access the full list. There are several things teams need to keep track of at once, from milestones to budgets, ordering, and contracts. Document management. Click Here. Multiple Projects at Once. Estimation tool.

Procurement 63

Procurement Plans Construction Budgeting 63

ProcurementExpress.com

FEBRUARY 11, 2019

[content_upgrade cu_id=”4140″]How ProcurementExpress.com Helps Construction Teams Manage Purchases Across Different Budgets–click here to access the full list.[content_upgrade_button]Click There are several things teams need to keep track of at once, from milestones to budgets, ordering, and contracts.

Procurement 52

Procurement Plans Construction Budgeting 52

Viewpoint Construction Technology

JANUARY 17, 2019

Now in its seventh year, the annual Construction Technology Report compiled by JBKnowledge is one of the most impressive surveys in the industry, providing the latest trends on everything from construction software, IT budgets and workflows, mobile apps, emerging technologies and more. noted budgets were an issue. in 2017 to 43.2%

Contractors 130

Contractors Industrial Mobility Software 130

Job Order Contracting

JANUARY 4, 2017

Contractor’s percentage has declined 31% since program inception, significantly decreasing the likelihood contractors are able to make a profit. This is because non-catalog items are priced at 110% versus catalog items priced using the JOC contractors’ lower bid percentages (50% – 71%). Projects costing $4.4

Contract 100

Contract Project Management Consulting Long Beach 100

Autodesk Construction Cloud

NOVEMBER 17, 2021

Your construction budget is one of the most important things to get right in any project. Poor budgeting leads to inaccurate estimates and error-prone forecasts, which can result in unfavorable project outcomes. The lack of proper budgeting practices can also lead to communication breakdowns and misalignment.

Budgeting 52

Budgeting Budget Construction Estimating 52

Autodesk Construction Cloud

FEBRUARY 1, 2022

While a project’s ultimate goal is a successful completion, the steps it takes to get there are critical to profits and project’s life cycle. By choosing the right one for your project, overall risk can be reduced, and budget and schedule can be better managed. No one model is perfect; all have benefits and drawbacks.

Risk 52

Risk Schedule Design Budgeting 52

Construction Business Owner

JANUARY 5, 2012

Close the Budget vs. Actual Gap. It’s often easy to bid on a job, start work, and miscalculate how far along in the project you are versus the amount of money you’ve spent. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project. document management. foundation.

Construction 120

Construction Software Software Accounting 120

Construction Cost Estimating

APRIL 30, 2014

There are various factors that must be considered while compiling bid for a construction project. Missing details or underestimating costs of a job can lead to losing a bid entirely. Construction Estimating Software should be able to develop and monitor outgoing bids efficiently and precisely.

Estimating 45

Estimating Software Software Bid4Build 45

Building Information Management

NOVEMBER 6, 2013

Maximizing construction budgets. Reliant on a Unit Price Book (UPB) and competitively-bid coefficient to establish pricing structure. flexibility and ability to match scope to budget. Competitively-bid coefficient is applied to the UPB and establishes pricing at the outset of the contract. •Overall higher quality.

Contract 40

Contract Bidding United States Estimating 40

Building Information Management

AUGUST 6, 2013

Design-Build has a spectrum, ranging from almost as dysfunctional as Design-Bid-Build all the way to almost as collaborative as Integrated Project Delivery. On the left of this spectrum, you have those Design-Build projects that use bridging documents, lowest bidder selection, and a team that doesn’t work well together.

Design 69

Design Documentation Contract Estimating 69

Autodesk Construction Cloud

JUNE 7, 2023

When projects go over budget, they result in frustration, delays, missed timelines, terminated relationships, and loss of reputation for companies. According to the above source, “35% of project failures were related to budget problems in 2021” and “only 43% of organizations completed most of their projects within budget during 2020.”

Estimating 98

Estimating Construction Budgeting Budget 98

Job Order Contracting

AUGUST 21, 2018

Benefits of an OpenJOC Job Order Contract implementation include an expedited procurement process, and consistent completion of quality projects on-demand, on-time, and on-budget per owners/contractor expectations. Unit Price Books developed without overhead & profit. Lower bid prices. The Origins of IDIQ and JOC.

Contract 100

Contract Renovating Sustainability United States 100

Building Information Management

NOVEMBER 5, 2015

Line item estimates are also used to create and validate construction budgets. Contractors – Detailed unit price line estimates are used to bid jobs and also done by general contractors and construction managers to validate bids from sub contractors. Documenting and present the estimate. Estimate preparation.

Estimating 40

Estimating Construction CSI Bidding 40

Construction Business Owner

NOVEMBER 17, 2011

With the number of companies bidding on each job increasing and the margins getting smaller, it is imperative that you know the true health of you fleet. Notice that the horizontal axis represents your operating cost budget, and the vertical axis your capital (i.e., cost of owning) budget. document management. foundation.

Construction 136

Construction Software Software Equipment 136

Autodesk Construction Cloud

JANUARY 6, 2022

When collaboration is strong, team members pool their resources and knowledge and prioritize meeting shared goals dictated by the timeline and budget of the entire process rather than their own goals. Projects that stay on budget. Higher profits. This, of course, is the ideal way to conduct projects. On-time project delivery.

Construction 52

Construction Estimating Design Budgeting 52

Building Information Management

APRIL 10, 2015

is equally responsive to the needs of the owner and contractor to get the work done on-time and on-budget, 2.) What’s Wrong with Design Bid Build? Traditional design-bid-build,DBB, is costly, antagonistic, and simply inefficient. JOC provides higher levels of owner and contractor satisfaction as JOC, 1.) JOC Fundamentals.

Contract 40

Contract Renovating Bidding Construction 40

The Korte Company

AUGUST 12, 2020

The Martha Manning Company in Collinsville, Illinois wanted to build a 100,000-square-foot dress factory—with a budget of $10 per square foot. . It was a “seemingly impossible” budget; closer to $15 or $18 a square foot would have been more realistic. Contractors were selected on their “low bid.” .

Design 52

Design St. Louis Illinois Architecture 52

Autodesk Construction Cloud

SEPTEMBER 9, 2021

Ivana shares how Mace saved 50% of their time spent on coordination and reporting by using BIM 360 Document Management and Model Coordination. How you approach the preconstruction phase—which involves ironing out your plans, designs, and documentation—can make or break the ease in which you move through a project.

Autodesk 52

Autodesk Construction BIM Modeling 52

Wolgast Corporation

JUNE 6, 2024

This is because Design-Build perks include earlier budget information, faster completion, a single-source to contact for all project needs, and the ability to judge which subcontractors offer the best value for their project. While the budget is not exact, it’s in the ballpark.

Design 62

Design Bidding Construction Budgeting 62

Construction Cost Estimating

JULY 3, 2010

Now the question is what Construction Estimation is Simply we can say Construction Estimation is just like a “budget”. And we all aware of the fact that budget is very important for every step of our life. At first, we make a budget and then according to this we maintain our account.

Estimating 40

Estimating Construction Budgeting Budget 40