Stok

JULY 29, 2018

The foundation for any successful project is a detailed schedule and budget. stok’s Project Managers first shared tips for creating an accurate Master Schedule. Now on the financial side, the Project Manager should work closely with the Client on the conceptual budget at project inception.

Budgeting 40

Budgeting Budget Foundation Leases 40

Building Information Management

FEBRUARY 20, 2015

“My favorite part of the class was open discussion by instructor, insights on estimating in general, owner/contractor relationships, lessons learned, estimating principles, etc.”. INTRODUCTION TO RSMEANS ESTIMATING – VIRTUAL. Estimate Format. Organizing an Estimate. Project Managers.

Estimating 40

Estimating Procurement Bidding Construction 40

Autodesk Construction Cloud

APRIL 24, 2023

In fact, according to a report from FMI and Autodesk, 30% of construction professionals indicated that more than half of their project data is “bad” and results in poor decision making more than 50% of the time. Decisions made using “bad data” are estimated to cost the industry $88.69

Profitability 97

Profitability Construction Autodesk Forecasting 97

Construction Business Owner

APRIL 26, 2012

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. The profit you calculate when bidding a job can fluctuate dramatically as work progresses. Make Valid Assumptions.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Cost Estimating

FEBRUARY 15, 2012

Construction Cost Estimating Blog. Latest software for estimating & designing architectural projects. Estimating for architect is required to find out the price of projects before the commencement of bidding process. The owner will get an ideal of overall cost before general contractors even send in bids.

Estimating 45

Estimating Software Software Architecture 45

Construction Cost Estimating

FEBRUARY 23, 2011

Construction Cost Estimating Blog. The Cornerstone of Cost Estimate. The cost estimation is the rapidly growing trend in AEC industry. On the basis of the estimated cost a proper bid will be prepared. A good estimate must start with a complete understanding of scope of work followed by an accurate quantity takeoff.

Estimating 40

Estimating Construction Bidding Budgeting 40

Construction Cost Estimating

FEBRUARY 18, 2012

Construction Cost Estimating Blog. Some exclusive software for construction cost estimating. D4COST is a professional preliminary cost estimating system useful for preliminary, conceptual design development square foot cost estimates as well as cost feasibility, valuation study, or budget. Estimate Master.

Estimating 45

Estimating Software Software CBD Estimating 45

Rory Woolsey

MARCH 20, 2012

Rory Woolseys Construction Estimating Blog. Construction Estimating One Bite at a Time. The Estimating Process; Get it Right! If you are interested in an expanded discussion on the most crucial step in the estimating process then go back and read my blog on "Scope, Scope, Scope!" Tuesday, March 20, 2012.

Estimating 40

Estimating Construction Overhead Structural Engineering 40

Construction Business Owner

JANUARY 5, 2012

Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. Project Team Communication & Effectiveness. document management.

Construction 120

Construction Bidding Software Software 120

Lets Build

NOVEMBER 18, 2022

Even the most seasoned project managers face challenges on a daily basis. Construction projects are prone to more risks than most other industries—each project is unique, and there are endless factors that can impact its outcome. You can’t manage a project well without effective communication.

Project Management 148

Project Management Management Construction Risk 148

Construction Business Owner

NOVEMBER 3, 2011

Being the Best » The New Estimating Tool – Superintendents. Gregg is a consultant with FMI and specializes in the areas of productivity and project management. Estimating departments have added a new tool to their repertoire – superintendent and foremen input. Committing Intentional Project Communications.

Construction 120

Construction Software Software Accounting 120

Job Order Contracting

AUGUST 19, 2016

As a result of 1800+ tests, researchers have concluded that a primary cause in low project performance (time, cost and customer satisfaction) is the traditional owner-vendor relationship in which the owner uses a design, bid and build (DBB) approach. How many contractor estimates have been issued?

Renovating 100

Renovating Life Cycle Contract Estimating 100

Rory Woolsey

FEBRUARY 28, 2012

Rory Woolseys Construction Estimating Blog. Construction Estimating One Bite at a Time. I heard the Critical Path Method (CPM) defined once as a management technique for losing your shirt under perfect control! At the heart of and crucial to controlling costs is an accurate cost estimate which translates into a cost budget.

Estimating 40

Estimating Cash Flow Budgeting Budget 40

Lets Build

JUNE 1, 2017

For instance, if you’re someone who has never been able to go beyond working as a master carpenter, but wish to work as a project manager in the near future, can consider taking up an online certification in construction. This is what employers typically look for while searching for a construction project manager.

Certification 159

Certification Management Construction Education 159

The Korte Company

SEPTEMBER 24, 2020

Jerry carried on his grandfather’s legacy in a big way, leading The Korte Company’s preconstruction department through some of the most important projects in the company’s history. He retired from the company as a senior vice president in 2012 and remains a trusted estimate advisor. I had never bid a job by myself,” Jerry said. “So

Plans 40

Plans Estimating Bidding Illinois 40

Construction Cost Estimating

NOVEMBER 16, 2014

Generally the GC manages the complete project but he/she can also perform with a particular section ranging from the foundation or masonry. On the basis of design suggested by the client, the GC generally works on a bid process. Profit can be gained if the GC is capable of executing the project lower than the bid price.

Management 45

Management Contract Construction Bidding 45

Construction Business Owner

OCTOBER 14, 2011

But I have been surprised at the number of contractors who tell me that they have bid for jobs at break-even or at a loss. ” Every construction project is a gamble – you’re betting that your estimate is accurate, that labor and material prices don’t go through the roof, etc. Committing Intentional Project Communications.

Change Orders 120

Change Orders Construction Software Software 120

The Korte Company

JUNE 16, 2022

The four projects narrated below changed the game for The Korte Company, putting us on the path to becoming one of America’s premier warehouse and distribution center builders. Estimator Jerry Rehkemper was stationed in The Korte Company’s Mt. He furnished the phone number of the Walgreens project manager in charge.

Pennsylvania 52

Pennsylvania California Illinois St. Louis 52

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. This in turn lets the estimators use equipment rates that are spot on when estimating forthcoming work, which helps to get new work, and bring that work in profitably.

Construction 137

Construction Software Software Equipment 137

Autodesk Construction Cloud

APRIL 25, 2023

Rob has adopted a forward-thinking mindset throughout the decades he’s spent in the construction industry, and he truly knows how to set a solid foundation that sets teams up for the coming years. I was the customer for about 12 years, starting in project management and ending as a vice president.

Autodesk 52

Autodesk Indiana Software Software 52

Construction Business Owner

APRIL 12, 2012

And, just last week, the United States Green Building Council published a report that estimates from 2009-2013 the green building industry will support 8 million jobs throughout the economy. Good document management software will be able to keep those certifications on file. Committing Intentional Project Communications.

Construction 120

Construction Certification Green Software 120

Autodesk Construction Cloud

FEBRUARY 1, 2022

Five factors to consider before selecting project delivery methods for your projects include your budget, design, risks, schedule, and owner expertise. . Each type of project delivery method has its own benefits and drawbacks. Factors to Consider Before Selecting a Project Delivery Method. Design-Bid-Build (DBB).

Risk 52

Risk Schedule Design Budgeting 52

Autodesk Construction Cloud

JANUARY 6, 2022

Team members are frequently more interested in meeting short-term individual goals, rather than the project’s long-term end goal. Trust is the foundation of good collaboration. Collaboration between design and estimating is key. Doug Heinrich, Estimating Director at Mortenson, echoed this experience.

Construction 52

Construction Estimating Design Budgeting 52

Construction Business Owner

APRIL 4, 2011

It is up to us, the contractor, to shape the message effectively and communicate to the client what the building will cost, an estimated time line to completion and any inherent issues that need to be addressed as early in the project as possible. Committing Intentional Project Communications. document management.

Construction 120

Construction Software Software Accounting 120

Building Information Management

MAY 29, 2012

The design-bid-build construction delivery method and associated practices such of awarding contracts to the lowest bidder do little more than a fuel to the fires of waste, protracted project timelines, change orders, and legal disputes. 1-Architerture, Engineering, Construction, Owners, Operations.

BIM 55

BIM Life Cycle Contract Change Orders 55

Pro Builder

DECEMBER 12, 2021

Project Manager Workloads: How Much Is Enough? Note: Front-line field superintendents are known by many names, but for this column, I’ll refer to them as project managers or PMs. A project manager with 20 years’ experience should be able to handle more units than one with five years on the job. Scott Sedam.

Project Management 52

Project Management Management Schedule Site 52

ProcurementExpress.com

NOVEMBER 30, 2016

Underbid projects. 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. An inexperienced project team. Improper planning.

Risk 52

Risk Construction Plans Structural Engineering 52

Contractor Bookkeeping

OCTOBER 18, 2013

In today''s fast paced construction environment you need accurate up to date Profit & Loss, Balance Sheet and Job Costing Reports to produce accurate bids, invoices and progress billings for your customers and clients. No Construction Bookkeeping Services System Means Chaos Rules! Visit [link] to learn more.

Contractors 48

Contractors Bankruptcy Cash Flow Accounting 48

ProcurementExpress.com

NOVEMBER 30, 2016

Underbid projects. 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. An inexperienced project team. Improper planning.

Risk 40

Risk Construction Plans Structural Engineering 40

Construction Cost Estimating

OCTOBER 23, 2014

Trimble Accubid Classic is electrical estimating software helps out complete construction workflow. The expertises of this software are Electrical estimating to purchasing. Project management and billing. construction workflow electrical estimating estimating software News'

Estimating 45

Estimating Electrical Bidding Software 45

Autodesk Construction Cloud

SEPTEMBER 29, 2022

“This year, we watched as you increased nearly four times the number of team members… and double the number of collaborators you have on each project. Weekly bid invites in BuildingConnected grew roughly 50% in the last year,” he adds. That’s the foundation of trust.” Small interactions over time.

Autodesk 52

Autodesk Construction BIM Innovation 52

Autodesk Construction Cloud

FEBRUARY 7, 2022

The ideal construction solution will be built on a flexible platform that will align with your firm’s short-term project goals, while offering a strong foundation for achieving long-term business objectives. It’s easy to lose important documents and updates in email, especially when working on large-scale projects. .

Software 95

Software Software Construction Bidding 95

Building Information Management

FEBRUARY 23, 2015

Integrated Project Delivery (IPD), Job Order Contracting (JOC), and similar collaborative construction delivery methods can be seen in the top right quadrant. BIM is seen a method to address low productivity and waste management commonly associated with the AECOO (Architecture, Engineering, Construction, Owner, Operations) sector.

BIM 40

BIM Environment Management Life Cycle 40

Contractor Bookkeeping

SEPTEMBER 20, 2013

Estimates Vs. Actuals report anytime YOU want it! Breakeven - Very difficult to calculate because most projects are one-of-a-kind custom jobs. These reports in combination with the Five Key Performance Indicators are what help the contractor understand which projects to pursue and which ones to ignore.

Contractors 48

Contractors Accounting Profitability Overhead 48

Contractor Bookkeeping

OCTOBER 3, 2014

I say that with all due respect to egg heads since I am an egg-head with several degrees and certifications in Accounting, Construction Accounting and Project Management. 14 - Your Bookkeeper - Misplaces payroll receipts, deposit records, supplier letters and estimates. #15 Visit [link] to learn more.

Accounting 48

Accounting Construction Banking Contractors 48

Building Information Management

JUNE 8, 2015

BIM (Building Information Modeling), cloud computing, and social media are disruptive technologies which are altering the basic foundations of the AECOO sector (Architecture, Engineering, Construction, Owners, and Operations). altering the basic foundations of the AECOO sector (Architecture, Engineering, Construction, Owners, and.

BIM 40

BIM Life Cycle Contract Environment 40

Contractor Bookkeeping

AUGUST 27, 2014

The Chart of Accounts is the foundation and if your Chart of Accounts is not setup right you will not have anywhere to put the transactions. Chart of Accounts Estimates. Item List Bid Bond Deposits. Your QuickBooks setup for the Chart of Accounts has a lot of Goods Sold Accounts (COGS) to allocate project costs.

Contractors 89

Contractors Accounting Work in Progress Profitability 89