Lets Build

FEBRUARY 3, 2023

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins. Now your project’s schedule and target cost are at risk.

Construction 148

Construction Materials Risk Management 148

Viewpoint Construction Technology

JULY 19, 2017

Using estimating software simplifies bids, estimates, and financial project planning and makes the process somewhat foolproof. Using estimating software simplifies bids, estimates, and financial project planning and makes the process somewhat foolproof. Rushing from project to project is inefficient, and risks cutting corners.

Viewpoint 239

Viewpoint Construction Schedule Estimating 239

Autodesk Construction Cloud

DECEMBER 31, 2021

And with good reason: the right insights can improve everything from project cost and timeline accuracy to reducing the risk of lawsuits and disputes, and even winning more business. Or implementing new safety training to mitigate worker injury risk You can then use that knowledge to anticipate and better manage risk for future jobs.

Risk 52

Risk Management Construction Autodesk 52

HardHatChat

JULY 11, 2013

The summer always brings more commercial construction activity, more bids, and, as a result, higher pricing. Many general contractors decide to lower their risk and start commercial construction projects in the warmer months, paying a premium for nice weather, but assuring timely delivery. Buy domestic when you can.

Commercial 276

Commercial Construction Bidding Chicago 276

Viewpoint Construction Technology

OCTOBER 23, 2018

Reducing Risk and Increasing Safety. But going a step further and analyzing data that can help you identify high-risk tasks and dangerous conditions can help prevent future incidents and reduce risk for your business. Bidding Smarter and Winning More Work. All contractors should track data related to safety issues.

Construction 241

Construction Software Software Cash Flow 241

Viewpoint Construction Technology

APRIL 23, 2019

This helps contractors complete their construction deliverables on time and within budget. Budget Inaccuracies. Using estimating software simplifies bids, estimates, and financial project planning and makes the process somewhat foolproof. Rushing from project to project is inefficient, and risks cutting corners.

Construction 237

Construction Software Software Estimating 237

Job Order Contracting

APRIL 15, 2018

Change orders easily increased project costs by 50% or more, and claims and litigation were the norm, versus the exception. Not Time and Materials, not cost-plus-fee, not Construction Manager @ Risk…. • Incentive to perform efficiently. Focus limited staff and budgets on mission critical and priority needs.

Contract 100

Contract Change Orders Procurement Estimating 100

Pro Builder

APRIL 19, 2021

For practices like estimates, time tracking, project management, change order management, accounting, and other key processes, mechanical contractor software has helped complete jobs more efficiently and effectively. Using an intelligent solution allows project managers to base their bids on past project data and actual expenses.

Software 52

Software Software Contractors Change Orders 52

Levelset

MARCH 16, 2022

Every project involves planning, designing, bidding, hiring, and more — and these are all parts of stages. The performance and monitoring stage is a phase in which the project’s progress, timeline, and budget are constantly assessed in order to keep the job on track. What is the performance and monitoring phase?

Lien 52

Lien Construction Budgeting Budget 52

Construction Dive

JANUARY 8, 2015

These estimated get refined as the project develops and ultimately, contractors and subcontractors will prepare detailed take-offs and estimates to prepare a bid or establish a budget. Frequently, particularly for small projects and for change orders, the indirect costs are included as part of overhead.

Estimating 48

Estimating Risk Overhead Contractors 48

HardHatChat

JANUARY 18, 2011

Don’t always take the lowest bid. I know this is a tough one to follow as we all need to keep commercial construction budgets in check, but we saw too many companies go with pick-up truck contractors in 2010 only to be burned later. While bidding on the commercial construction remodel of a 500+ sq. Take a leap of faith.

Commercial 263

Commercial Bidding Negotiation Construction 263

Job Order Contracting

OCTOBER 22, 2019

It is not design-bid-build, design-build, CM@R, LastPlanner(TM), black belt, kaizen, et al. LEAN, BEST VALUE construction, planning, procurement, and project delivery is embodied with collaborative processes and frameworks such as integrated project delivery, IPD, and LEAN job order contacting (i.e. the OpenJOC(TM) Solution).

Procurement 100

Procurement Plans Construction Life Cycle 100

Autodesk Construction Cloud

JANUARY 23, 2024

The second enhancement adds an additional trigger for Contract approval workflow if the committed SOV value exceeds the Revised Budget. Autodesk Takeoff Takeoff | Unit Costs – Autodesk Takeoff users can apply a unit cost to both their 2D and 3D takeoff types, which can help to establish rough budgets and estimates.

Products 105

Products Autodesk BIM Accounting 105

Autodesk Construction Cloud

FEBRUARY 3, 2023

They ensure everyone is on the same page from the get-go, on topics as diverse as how change orders how the chain of communication will be handled on site. In fact, surveys show that construction projects routinely come in over budget. Budget and payments Next, review your project budget. And timelines?

Change Orders 52

Change Orders Documentation Schedule Budgeting 52

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

Autodesk Construction Cloud

FEBRUARY 1, 2022

By choosing the right one for your project, overall risk can be reduced, and budget and schedule can be better managed. There is no optimal project delivery method, but choosing the right method for your project helps reduce risk, improve your schedule, and keep your budget on track.

Risk 52

Risk Schedule Design Budgeting 52

Building Information Management

APRIL 6, 2016

Owner focus upon a BEST VALUE approach to facility management is required in order to maximize productivity and minimize waster. BEST VALUE construction project delivery methods include Integrated Project Delivery – IPD, and Job Order Contracting, JOC. Shared risk/reward. Shared Risk/Reward. Fewer Change Orders.

Renovating 40

Renovating Change Orders Procurement Construction 40

cnstrctr

FEBRUARY 18, 2019

The contractor submits a bid for the project based on the drawings and specifications. Any scope that changes outside of the “contract documents” the contractor submits a quotation for a change order. Under a construction management things change slightly. Leave Room In The Budget For Unknowns.

Management 60

Management Construction Industrial Contract 60

Viewpoint Construction Technology

APRIL 4, 2017

Detailed take-offs and bids, referencing historical data and experience, calculating the scope of a project and more in an efficient and consistent manner lessens the risk of incurring a loss on the job. By setting up procedures and expectations, you can keep tabs on process, timelines, and budget.

Software 130

Software Software Construction Project Management 130

Job Order Contracting

JULY 10, 2017

LEAN Construction for Facilities Renovation, Repair, Minor New Construction can delivery 90%+ of construction projects on-time, on-budget, and to the satisfaction of all parties involved. Few change orders. Risk reduction. LEAN Construction for Facilities Renovation, Repair, Minor New Construction. Financial transparency.

Renovating 100

Renovating Construction Procurement Change Orders 100

Construction Marketing

DECEMBER 19, 2019

Often, this makes it hard to find a solution—you have to handle a complicated blend of equipment, inventory, subcontractors, bids, and project management, just to name a few. Procore gives you the power to manage accurate project budgets with reliable data drawn from the field. SAP S/4HANA.

Software 200

Software Software Construction ProCore 200

Job Order Contracting

AUGUST 19, 2016

The way to deliver 96%+ of renovation, repair, and maintenance projects on-time, on-budget, and at the appropriate level of quality is to enable collaboration with contractors and other expert service providers. – 2016, Arizona State University – Job Order Contracting Performance Survey-2015. Lower total cost.

Renovating 100

Renovating Life Cycle Contract Estimating 100

NH Construction Law

APRIL 29, 2021

Another approach is to negotiate with subcontractors or suppliers to lock in prices for an extended period of time, thereby kicking the price increase risk downstream – but in the present volatile market, subs and suppliers are increasingly reluctant to hold their prices for long, typically not more than 60 or 90 days.

Deals 40

Deals Contract Negotiation Materials 40

Building Information Management

MARCH 28, 2016

When alternative ‘best value’ construction methods such as job order contracting, JOC, are capable of delivery 90% +/- of project on-time and on-budget, to the satisfaction of ALL parties involve, why are they not used in the majority of cases? “hidden costs” such as change orders.

Change Orders 40

Change Orders Construction Bidding Renovating 40

Job Order Contracting

OCTOBER 19, 2017

OpenJOC Job Order Contracting Framework embeds LEAN best management practices and Key Performance Indicators (KPIs) for cost, performance, and time, with an overall focus upon best value outcomes. Deliver construction projects on-time, on-budget, and to the satisfaction of owners. This is accomplished through the integration of.

Contract 100

Contract Life Cycle Renovating Management 100

Building Information Management

APRIL 20, 2016

Job Order Contracting – JOC – delivers greater numbers of quality projects, on-time and on-budget projects, as well as higher overall satisfaction levels than “traditional” construction delivery methods such as design bid build, design build, CM@R, etc.

Contract 40

Contract Bidding Change Orders Procurement 40

Building Information Management

APRIL 20, 2016

Job Order Contracting – JOC – delivers greater numbers of quality projects, on-time and on-budget projects, as well as higher overall satisfaction levels than “traditional” construction delivery methods such as design bid build, design build, CM@R, etc.

Contract 40

Contract Bidding Change Orders Procurement 40

Building Information Management

MARCH 27, 2015

JOC provides multiple benefits vs. traditional design-bid-build and/or low bid, MACC, MATOC and other typically less efficient construction methods. Job Order Contracting / Integrated Project Delivery. Significantly reduced number of change orders. Shared risk-reward. JOC can deliver: 1.

Renovating 40

Renovating Contract Sustainability Change Orders 40

Building Information Management

JUNE 2, 2016

The solution to delivery renovation, repair, and new construction project on-time, on-budget, and to the satisfaction of all participants is remarkably simple. Share risk and reward. Real property owners are ultimately responsible the construction sector’s low productivity. Best value procurement versus lowest bidder.

Contractors 40

Contractors Procurement Change Orders Budgeting 40

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. Iron out the scope.

Budgeting 52

Budgeting Budget Construction Estimating 52

BD+C

AUGUST 14, 2023

Fast-tracking construction projects offers both risk and reward dbarista Mon, 08/14/2023 - 13:50 0 Contractors Understanding both the rewards and risk of fast-tracking a project can help owners, architects, engineers, and contractors maximize the benefits of this strategy and can bring great reward on all fronts when managed properly.

Risk 92

Risk Construction Schedule Contractors 92

Building Information Management

DECEMBER 23, 2015

Far too often, Owners engage in JOC to simply “bypass procurement” versus establishing a JOB ORDER CONTRACT to realize JOC’s significant potential benefits. Advertisement for Bids. Change Order. Request for Job Order Schedules of Values. Agreement Application for Payment. Certification.

Contract 40

Contract Certification Documentation Bidding 40

Job Order Contracting

JANUARY 4, 2017

The lack of formality over processes and procedures, the extensive use of outside consultants for project management, and relatively no internal program reporting, all contribute to creating the high risk environment. . This is because the traditional procurement method is replaced with bids based on a pre-priced catalog.

Contract 100

Contract Project Management Consulting Long Beach 100

Autodesk Construction Cloud

SEPTEMBER 19, 2022

When it comes to large construction projects, the last thing a contractor wants to deal with is a costly mistake that will cause them to absorb the repair costs into their budgets. 5: Perform Project Risk Assessment. Construction mistakes can be costly, dangerous and impact future project bids.

Management 105

Management Construction Documentation Schedule 105

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. Shared Risk-Reward. Reduced or Eliminated Change Orders. Collaboration.

Contract 40

Contract Renovating Bidding Construction 40

Autodesk Construction Cloud

DECEMBER 20, 2021

While a rewarding career, a PM is on the scene to juggle change orders, large teams of workers and unexpected issues–all while ensuring all work meets expected quality, budget and schedule. Some of the significant differences involve keeping track of timelines and budgets. Foresight into Risk Management.

Project Management 52

Project Management Management Construction Risk 52

Building Information Management

FEBRUARY 10, 2016

The most widely used are Integrated Project Delivery – IPD, and Job Order Contracting – JOC. While both IPD and JOC provide established and clear benefits versus design-bid-build – DBB, design-build – DB, and other construction delivery methods, their consistent usage and application has been relatively limited.

Management 40

Management Contract Life Cycle Architecture 40