Fieldwire

MARCH 5, 2024

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.

Budgeting 52

Budgeting Budget Estimating Bidding 52

HardHatChat

MARCH 4, 2019

One of the biggest challenges for commercial construction firms today is the tighter project timelines that have become the norm at every phase of a project – from shorter deadlines for submitting initial bids and budgets, to quicker resolution on addendums and change orders, to compressed schedules for construction and delivery.

Project Management 349

Project Management Commercial Management Construction 349

Construction Business Owner

SEPTEMBER 29, 2021

The Blueprint for Better Expense Management. How your company pays for purchases and manages expenses impacts your employees, your customers, and your key business metrics, including profitability. In this white paper, we’ll share how to modernize your expense management process to: Help employees work more efficiently.

Management 291

Management Virgin Islands Cash Flow Puerto Rico 291

Construction Business Owner

APRIL 6, 2022

Budgets have gone through the roof. And the shelf life for bids and estimates has dropped from weeks to days. Business Management. The construction industry has never seen anything like the past two years — and it’s showed in the cost of construction work. Projects have been halted by material scarcities. Promote to rotator No.

Construction 358

Construction Bidding Materials Budgeting 358

Wolgast Corporation

MARCH 19, 2024

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

Plans Bidding Budgeting Budget 127

Lets Build

APRIL 15, 2020

The term construction project management can be used to describe a vast number of tasks, roles and responsibilities. Additionally, the basics and essentials of budgeting, finance, organisation, scheduling, conflicts, and legal issues are also covered by the project manager. Construction Management 101. The basics.

Project Management 148

Project Management Management Construction Feasibility 148

Job Order Contracting

APRIL 25, 2022

contract term. Unlike traditional JOC or traditional design-bid-build, LEAN JOC is a collaborative process that focuses upon mutually beneficial outcomes for ALL participants and stakeholders. LEAN Job Order Contracting is an indefinite delivery, indefinite quantity program in which the costs of the project are.

Contract 240

Contract Change Orders Bidding Budgeting 240

Lets Build

NOVEMBER 18, 2022

Even the most seasoned project managers face challenges on a daily basis. However, that doesn’t mean there’s no solution for each construction project management challenge. However, that doesn’t mean there’s no solution for each construction project management challenge. Construction management software.

Project Management 148

Project Management Management Construction Risk 148

Job Order Contracting

OCTOBER 25, 2021

8 Keys to Successful Construction Delivery – -Or Everything a Public Sector Facilities Management Professional Should Know. Repair, renovation, sustainability, and new build projects can be consistently delivered on-time, on-budget, with high quality, and to the satisfaction of all participants and stakeholders. Four BT, LLC.

Management 209

Management Procurement Construction Contract 209

Levelset

MARCH 11, 2022

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

Bidding Cash Flow Contractors Procurement 98

Job Order Contracting

JUNE 19, 2020

A Guide to Construction Services Procurement would be incomplete without a discussion of collaborative LEAN construction planning and management methodology. The primary mistake that organizations make in procuring construction services in support of their facilities management needs is that they do not manage their providers.

Procurement 150

Procurement Management Construction Renovating 150

Wolgast Corporation

DECEMBER 6, 2023

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.

Commercial 126

Commercial Drawings Bidding Budgeting 126

Job Order Contracting

JANUARY 12, 2018

Beware of JOC Cooperatives that Require Low Bid Acceptance… seek our BEST VALUE JOB ORDER CONTRACTING SOLUTIONS. The post Beware of JOC Cooperatives that Require Low Bid Acceptance appeared first on 4BT. In today’s world, it’s more important than ever to research the facts. Learn more? .

Bidding 100

Bidding Contract Procurement Renovating 100

Job Order Contracting

DECEMBER 10, 2022

OpenBUILD(TM) is The ONLY Construction Integrated Project Delivery Solution with Locally Researched Cost Visibility with Program Management, Contract Management, Proposal/Bid/Estimate Management, Workorder Management , Project Management, Document Management, Team Management, Issues/Task Management, Workflow Management, and BIM integration.

Procurement 221

Procurement Construction BIM Change Orders 221

Job Order Contracting

SEPTEMBER 10, 2018

Empowering Owners with On-Demand Quality, On-Time, On-Budget Facilities Repair, Renovation, & Construction is what we do each and every day. 4BT provides solutions to manage facilities repair, renovation, and construction throughout the project life-cycle, from concept through warranty and beyond. info@4bt.us.

Renovating 100

Renovating Budgeting Budget Life Cycle 100

Autodesk Construction Cloud

OCTOBER 21, 2022

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

Bidding Construction Contractors Contract 52

Job Order Contracting

OCTOBER 24, 2017

Consistent Delivery of On-time, On-Budget, Quality Renovation, Repair, and Construction is available to any competent real property owner that demonstrates leadership. The AECOO sector is not wasteful due to its inherent complexity, it’s due to lack of proper management. Best Value Procurement Competitively Bid.

Budgeting 100

Budgeting Budget Renovating Overhead 100

Job Order Contracting

OCTOBER 23, 2021

Leverage robust lean processes, locally researched detailed line item construction cost data, support services, and enabling technology to consistently delivery quality repair, renovation, sustainability, and new build projects on-time and on-budget at the lowest possible cost and with full financial visibility and transparency.

Procurement 215

Procurement Innovation Products Plans 215

Construction Marketing

JANUARY 24, 2024

Project Managers Responsible for overseeing the planning, execution, and completion of construction projects. Coordinate and communicate with various stakeholders, ensuring projects are completed on time and within budget. Collaborate with clients, construction managers, and other professionals to bring architectural visions to life.

Construction 312

Construction Project Management Electrical Safety 312

Job Order Contracting

MAY 6, 2022

All the tools and services required to ensure that over 90% of projects are delivered in a quality manner, on time and on budget, however, major barriers have prevented their adoption. The traditional practice of design, bid, build has proven antagonistic, costly, and unsustainable. The “system” is broken.

Construction 203

Construction Bidding Renovating Budgeting 203

Lets Build

AUGUST 4, 2023

To that end, project managers need to invest in the right construction project execution software to oversee the entire phase, track progress, and coordinate teams. Real-time communication Communication between teams and workers is essential, and the software allows project managers to centralise all project communications.

Software 78

Software Software Construction Budgeting 78

Lets Build

AUGUST 4, 2023

To that end, project managers need to invest in the right construction project execution software to oversee the entire phase, track progress, and coordinate teams. Real-time communication Communication between teams and workers is essential, and the software allows project managers to centralise all project communications.

Software 78

Software Software Construction Budgeting 78

HardHatChat

FEBRUARY 14, 2024

However, it has been worth the effort to develop a thorough vetting process and understanding of what works best for our clients and the type of projects we manage. This has allowed us to perform at a high level, ensuring quality finished products, a maintained schedule, and being mindful of the budget. They are a fantastic resource.

Commercial 295

Commercial Construction Schedule US 295

Job Order Contracting

OCTOBER 9, 2018

Owners, contractors, engineers, and designers have the opportunity to c onsistently deliver quality repair, renovation, and new construction projects on-demand, on-time, on-budget to the satisfaction of all participants and stakeholders. The post Construction Delivery Change Management appeared first on 4BT.

Management 100

Management Construction Documentation Organization 100

Job Order Contracting

AUGUST 17, 2023

Consistently delivering quality projects on time and on budget simply requires leadership, accountability, and commitment. Validate Contractor and Subcontractor Quotes Obtaining comparative bids on all subcontracted work will not provide sufficient cost visibility. Controlling Construction Costs is not rocket science 1.

Travel 177

Travel Construction CSI Subcontracting 177

Job Order Contracting

JULY 22, 2020

Adaptive Lean Construction Planning, Procurement, and Project Delivery tools and services are readily available to assure the consistent delivery of quality repair, renovation, maintenance, and new construction projects on-time and on-budget. Rampant waste and high levels of dissatisfaction of all participants and stakeholders are the norm.

Procurement 147

Procurement Plans Construction Bidding 147

Viewpoint Construction Technology

AUGUST 29, 2018

For a contractor with a capital and operating budget of $10 million or more for heavy equipment, even a 1 percent savings on equipment costs could add hundreds of thousands of dollars directly to the bottom line. So, how can contractors achieve optimal equipment management?

Equipment 139

Equipment Management Profitability Contractors 139

HardHatChat

MARCH 26, 2024

Over the past 20+ years, with 2500 completed commercial construction projects, we have learned that it takes more than a great price to win a bid. Look for contractors who use advanced project management tools and techniques to streamline processes and optimize project outcomes.

Commercial 177

Commercial Contractors Construction Project Management 177

Autodesk Construction Cloud

JUNE 8, 2023

Many things can happen during this period, and project teams often face complications like design creep and price increases, which negatively impact budgets and schedules. This, in turn, leads to improved accuracy in project estimates , proactive risk management, and more effective resource allocation.

Profitability 98

Profitability Bidding Estimating Risk 98

Job Order Contracting

OCTOBER 25, 2021

Waste is rampant to the extent that 80% or more of all projects are late, over-budget, and/or poorly completed to the dissatisfaction of participants and stakeholders. Supporting robust processes, tools, and training are readily available to assure on-time, on-budget, and quality outcomes 90%+ of the time. Leverage technology.

Renovating 212

Renovating Procurement Budgeting Budget 212

Cassell Construction Estimating

MARCH 14, 2016

Our primary mission this trip was to provide training and support for closing their first bid in Timberline, rather than in Excel as they have for many years. In my opinion, effectively closing a bid in Timberline utilizes two custom WBS : Bid Status with 3 values: 1-Open. Entered the 3 Bid Status values. Submit the Bid.

Sage 100

Sage Bidding Estimating Consulting 100

Job Order Contracting

OCTOBER 12, 2020

Cost and quality management systems in facilities management with respect to the numerous repair, renovation, maintenance, and new construction projects faced by real property owners must be dynamic, proactive and able to support on-demand decision-making processes. The post Dynamic Construction Cost Control appeared first on 4BT.

Construction 149

Construction Procurement Bidding Renovating 149

Job Order Contracting

FEBRUARY 3, 2022

All prequalified contractors invited to bid should submit sealed bids based on one or more adjustment factors / coefficients to the unit prices listed in the approved JOC unit price book (UPB). Develop a formalized reporting process (project status, timeline, budgets, issues, etc.)

Contract 205

Contract Bidding Organization Consulting 205

Job Order Contracting

AUGUST 22, 2017

LEAN Construction & LEAN Facilities Management Management Myths. FALSE: Traditional methods such as design-bid-build and even design-build, are wasteful and cost more in the long run than Integrated Project Delivery (for new construction) and Job Order Contracting (JOC) for renovation, repair, and minor new construction.

Management 100

Management Life Cycle Construction Consulting 100

Wolgast Corporation

FEBRUARY 1, 2024

Therefore, the bidding and selection process is much shorter in duration. If you qualify as a busy business owner, you’d likely benefit from the Design-Builder finding qualified subcontractors, managing the construction schedule and your budget, and starting construction quicker.

Construction 62

Construction Bidding Design Schedule 62

Job Order Contracting

JUNE 26, 2017

Facilities Operations & Maintenance Management considerations span several areas. Budgeting/Capital Planning. Facilities Operations & Maintenance Management. A comprehensive written facilities management operations and maintenance manual and/or execution guide is a fundamental requirement.

Management 100

Management Life Cycle Education Organization 100

Job Order Contracting

NOVEMBER 8, 2022

Great teams of people working collaboratively toward mutually beneficial goals while sharing current actionable information on an early and ongoing basis is the ONLY path to the consistent delivery of quality repair, renovation, maintenance, and new build projects on time and on budget. . Traditional design-bid-build or lowest bid. #2.

Industrial 130

Industrial Renovating Procurement Bidding 130