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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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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

When you stay on top of project planning and design from the beginning (i.e., Integrate design with downstream processes A typical $100 million project takes around 30 months in design and preconstruction. One way to avoid these challenges is to implement integrated design.

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Top ten software for estimating and bidding

Construction Cost Estimating

Sage facilitates you to produce bids rapidly, precisely and positively with takeoff and cost databases. As soon as the project is procured, estimate details flow automatically into Sage business management software, removing unnecessary tasks and data entry errors. Besides, customized reports can also be generated.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

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Data Analytics Trends in Construction

Viewpoint Construction Technology

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Bidding Smarter and Winning More Work.

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Residential and Commercial Construction: 7 Crucial Differences

Levelset

For example, commercial projects may need to secure funding, create a design, solicit bids, and hire contractors — all before starting construction, which takes longer simply because of the scope of the actual project. . Payment and cash flow. Timeline and scope. Location and construction site.

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Queensland’s Project Trust Account: Why digitalisation could ease its impact on builders

Autodesk Construction Cloud

In a bid to mitigate the very real risks with how funds are managed on a construction project, the Queensland government has introduced new rules for building and construction businesses.