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Commercial Construction Project Planning: 3 Warning Signs Your Budget Might Go Bust

HardHatChat

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services.

Budgeting 337
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8 essential steps for effective project cost estimation and budgeting

Fieldwire

To say that winning bids is the key to success in construction is a half-truth. Estimating project costs correctly and managing the budget accordingly are just as vital. Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable.

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How Preconstruction Planning for K-12 Schools Saves Time and Money

Wolgast Corporation

When K-12 School Leaders do reach a point where their District’s need for improvements is beyond what their operating budget can cover, they need to organize a team of professionals to set them up for building success. The AE/CM team then assists the District to identify the full scope, budget, and financial resources for their needs.

Plans 127
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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. Owners will say that focusing on the lowest bid possible ensures they get a good price. Who’s responsible for low-bid procurement?

Bidding 98
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Three Easy Steps to Building a Commercial Building

Wolgast Corporation

Three-Phases to Design-Build Construction: Preliminary Design and Estimating Detailed Construction Drawings and Bidding Construction Step One/Phase I – Preliminary Design and Estimating In this First Step or Phase our Architect develops plans based on a needs analysis meeting with the building owner and representatives for a nominal fee.

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Effective Marketing For Diverse Construction Job Categories

Construction Marketing

Coordinate and communicate with various stakeholders, ensuring projects are completed on time and within budget. Engineers (Civil, Structural, Mechanical, Electrical) Civil engineers focus on the design and maintenance of infrastructure. Structural engineers design and analyze structures for stability and safety.

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Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

Construction bids are critical to winning more work, so it pays to have a solid understanding of what they entail and what you can do to improve your bidding performance. . In this comprehensive guide, we’ll cover everything you need to know about construction bids. What is the Construction Bidding Process?

Bidding 52