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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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Data-Driven Safety On-Site

Construction Business Owner

Data-Driven Safety On-Site. In the past few years, there has been an explosion in the types of technology available to contractors on-site. The potential to improve productivity and increase budget and schedule certainty are among the appealing benefits that these technologies have the potential to offer. Alex Headley.

Safety 348
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How project managers are using technology to ensure on-budget and on-time construction

Lets Build

The success of any construction project hinges on multiple factors, including budgeting and scheduling, which impact the project’s completion. In fact, most contractors usually add a 10% margin error into their budgets and timelines as a contingency. Note that 63% of projects fail due to poor communication.

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Construction Budgeting 101

Autodesk Construction Cloud

Your construction budget is one of the most important things to get right in any project. Poor budgeting leads to inaccurate estimates and error-prone forecasts, which can result in unfavorable project outcomes. The lack of proper budgeting practices can also lead to communication breakdowns and misalignment. Iron out the scope.

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Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Our thought-leaders' years of experience on the job sites can help you build a better future at your company. What is the value of bringing digital transformation to your construction site. How progress tracking works with budgets and scheduling. How to incorporate digitalization into your current processes.

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Did you know that 80% of the people who deliver on time stick to their budget?

Lets Build

The construction site is where the money is being made or lost. As a project manager or site foreman, you should at all times have a detailed overview of everything that is happening there. Like that, it’s impossible to keep track of what’s happening on site because data has no value when it’s not linked properly.

Budgeting 127
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7 ways to improve your construction schedule

Lets Build

If you answered staying on schedule, you’re not alone. Less than one-third of contractors finish their tasks on time and on budget. So if you don’t want your next project to end up as another statistic for missed deadlines, you need to improve your construction schedule. using site drawings.

Schedule 148