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

HardHatChat

While we do our best to provide budget estimates that are as accurate as possible, there are inevitably times when projects bids come in higher than the client expected, or that unanticipated costs push the job over-budget. Competitively Bidding the Project.

Budgeting 337
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Job Order Contracting - Untitled Article

Job Order Contracting

Construction Change Order Best Management Practices. Definition of a construction change order: A construction change order is work that is added to or deleted from the originally agreed upon and contracted scope of work which alters the original contract amount and/or completion date. Change Order Impacts.

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Preconstruction Meeting: A Quick Guide to Success   

Autodesk Construction Cloud

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. They also try to identify special considerations and forestall potential areas of complication that can lead to change orders.

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Commercial Construction Building Material Costs: Buy Now or Later?

HardHatChat

The spot is about the costs of commercial construction and how buying building materials in bulk can help GCs save money and bring down a construction project bid so they win the contract. If only the client had negotiated with the commercial contractor and was brought in during the design phase he could have saved himself time and money.

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Improving Renovation, Repair, and Maintenance Project Delivery

Job Order Contracting

Robust collaborative construction delivery methods provide a proven path for Owners to significantly improve construction productivity and levels of satisfaction among a participants and building users. – 2016, Arizona State University – Job Order Contracting Performance Survey-2015. Higher quality work product.

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#100:  Dealing With Rising Costs

NH Construction Law

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.

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Best Practices for Developing a Contractor’s Request for Compensation

Best Practices Construction Law

My mentor and good friend, Cordell Parvin , has over the years shared with me some great best practices for contractors—whether talking about bid protests, accidents on the jobsite, or filing a claim. Review change orders and correspondence. You need to confirm that the changes procedure in the contract was followed.