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Budgeting, Forecasting, And Goal-Setting In Your Construction Company

Contractor Bookkeeping

If you're like many construction business owners, you may need help understanding your finances or how you can use your financial information to make decisions for your business. We often get into business because we love a product or service we want to provide, but it's less common that we love managing the financial aspects of our business.

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

HardHatChat

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services.

Budgeting 337
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Construction Productivity Solutions

Job Order Contracting

Construction productivity solutions are readily available that integrate planning, procurement, and project delivery to consistently enable on-time, on-budget, quality outcomes with full financial visibility and compliance. The post Construction Productivity Solutions appeared first on 4BT.

Products 226
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No.1 Reason Why 70% of capital projects are late, over budget, or both!

Job Order Contracting

1 root cause of construction project failure. 1 Reason Why 70% of capital projects are late, over budget, or both = Poorly defined Scope of Work A “hidden fact” leading to this failure point is that most owners don’t know how to clearly define and effectively communicate a Scope of Work. contact-form] The post No.1

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How Advanced Machine Learning & Analytics Counter Security Risks & Enhance Operational Productivity

Construction Business Owner

How Advanced Machine Learning & Analytics Counter Security Risks & Enhance Operational Productivity ccapoccia Fri, 03/01/2024 - 17:28 Theft at construction sites is a growing crisis, with the National Equipment Register reporting losses amounting to billions of dollars annually.

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10 Budget Tips for DIYers

Construction Marketing

Let’s now take a look at 10 budget tips for DIYers. The cost estimate is what will authorize a project’s budget needs and also help you in managing the costs. The post 10 Budget Tips for DIYers appeared first on Construction Marketing Association Blog. DIY saves you a lot. Create a List. Estimate the Time.

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Technology will NOT SOLVE Construction Productivity Woes.

Job Order Contracting

Despite the hype of many vendors, Technology will NOT SOLVE Construction Productivity Woes. Those doing the work do far more than complete repair, renovation, maintenance, of new construction tasks, they manage quality and develop creative solutions to ever-present variables. – Krafcik, 1998. appeared first on 4BT.

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