Construction Business Owner

APRIL 26, 2012

Know the Contract and Budget. Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Also make sure your project managers understand the contract language fully. Remember that your leverage is strongest before the project is finished.

Change Orders 120

Change Orders Construction Profitability Software 120

Autodesk Construction Cloud

JANUARY 19, 2022

Cash flow can make or break any business, especially in the construction industry. To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Properly manage change orders.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

Construction Business Owner

JANUARY 5, 2012

I started thinking about how business owners can better manage their companies, and so I created my own short list of New Year’s resolutions for better construction management. Close the Budget vs. Actual Gap. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project.

Construction 120

Construction Software Software Accounting 120

Rory Woolsey

FEBRUARY 28, 2012

Knowing where the key project metrics such as time , costs, resources , and cash flow are relative to a datum (the project plan). Good project managers will always know where these project metrics are because they are indicative of the immediate health of the project. Good planning matters!!

Estimating 40

Estimating Cash Flow Budgeting Budget 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. construction management.

Construction 137

Construction Software Software Equipment 137

ProcurementExpress.com

NOVEMBER 30, 2016

For many project-based CFO’s, having the ability to estimate what a project will cost is a necessary skill to have, but a difficult one to master. While some projects are prepared or settled in advance others can be harder to calculate. The project is almost completed and just figured that out. Improper planning.

Risk 52

Risk Construction Plans Structural Engineering 52

Autodesk Construction Cloud

DECEMBER 12, 2021

How do you measure project success? Is it over or under budget? As owners and project executives usually are looking at high-level metrics, it’s easy for teams to get driven purely by the money. Construction teams need to track more than financials to determine a project’s success. And by how much? Key Takeaways.

Profitability 52

Profitability Products CFMA Construction 52

Autodesk Construction Cloud

JANUARY 6, 2022

Everyone can access the main plans and goals of a project at any time, without having to rely on gatekeepers or slog to faraway offices in order to get the information they need. This, of course, is the ideal way to conduct projects. On-time project delivery. Projects that stay on budget. Higher profits.

Construction 52

Construction Estimating Design Budgeting 52

ProcurementExpress.com

NOVEMBER 30, 2016

For many project-based CFO’s, having the ability to estimate what a project will cost is a necessary skill to have, but a difficult one to master. While some projects are prepared or settled in advance others can be harder to calculate. The project is almost completed and just figured that out. Improper planning.

Risk 40

Risk Construction Plans Structural Engineering 40

Autodesk Construction Cloud

NOVEMBER 8, 2022

It also includes managing the relationships between various parties within the supply chain—including manufacturers, suppliers, contractors, owners, and more. . Successful supply chain management moves construction materials quickly and cost-effectively. Strategies to Improve Construction Supply Chain Management .

Management 98

Management Construction BIM Materials 98

Autodesk Construction Cloud

DECEMBER 2, 2021

Your ultimate guide to construction cost management, and how to improve it. Tracking costs and monitoring risk while keeping a job on budget can be one of the biggest hurdles to any building project. Tracking costs and monitoring risk while maintaining a budget is one of the most significant hurdles on a building project.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

SEPTEMBER 1, 2022

The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. Traditionally, owners receive completed designs before taking in construction bids. Because there’s no competitive bidding phase, the final costs may be higher for the owner.

Contract 98

Contract Maine Construction Agreement 98

Autodesk Construction Cloud

JUNE 10, 2022

Since there are so many teams involved in this stage, the problem is rampant in many projects. Whether it’s bidding, estimation, or qualifying subcontractors, there are a few too many cooks in the kitchen. This will reduce risk and improve efficiencies during project planning and execution. Submittals.

Construction 52

Construction Management BIM Project Management 52

Autodesk Construction Cloud

FEBRUARY 1, 2022

Quality in construction means that projects are finished within the guidelines established by the Scope of Work. Finishing the project on time, meeting the requirements of the agreement and staying within the budget are all essential aspects of quality management. How to Improve Quality in Construction. Standardize .

Management 97

Management Construction Risk Documentation 97

ProcurementExpress.com

APRIL 15, 2019

The benefit, as stated in the report is that players can match supply to demand and even enhance competitive bidding. If teams can purchase partially constructed components in advance, they could complete projects in less time. Another area that’s gaining more traction is prefabrication. 3D Printing and Procurement. Wrapping Up.

Procurement 52

Procurement Construction BIM Modeling 52

ProcurementExpress.com

APRIL 15, 2019

The benefit, as stated in the report is that players can match supply to demand and even enhance competitive bidding. If teams can purchase partially constructed components in advance, they could complete projects in less time. Another area that’s gaining more traction is prefabrication. 3D Printing and Procurement. Wrapping Up.

Procurement 40

Procurement Construction BIM Modeling 40

Autodesk Construction Cloud

JANUARY 11, 2024

According to Deloitte , AI and advanced data analytics technology could bring cost savings of 10% to 15% for construction projects. AI applications may include advanced project management tools, predictive analytics for risk assessment, and optimization of construction processes. billion by 2032. We live in interesting times."

Construction 137

Construction Industrial Modeling Autodesk 137