article thumbnail

How to Write Tight Subcontracts

Construction Business Owner

Starting projects with excellent subcontractors and detailed subcontracts will help you make more money, finish faster and reduce field issues. When this happens, your team will encounter disputes, change order requests, late schedules and holes in the budget.

article thumbnail

Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Consistently delivering quality projects on time and on budget simply requires leadership, accountability, and commitment. Validate Contractor and Subcontractor Quotes Obtaining comparative bids on all subcontracted work will not provide sufficient cost visibility. Controlling Construction Costs is not rocket science 1.

Travel 177
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

LEAN construction cost estimating

Job Order Contracting

Eighty percent (80%) of all construction projects are late, over-budget, or incorrectly completed. Currently available robust LEAN construction estimating, procurement, and delivery processes, services, and tools, make it possible to consistently deliver quality projects on-demand, on-budget, and on-time. Are you ready?

article thumbnail

Job Order Contracting - Untitled Article

Job Order Contracting

Eighty percent (80%) of all construction projects are late, over-budget, or incorrectly completed. Currently available robust LEAN construction estimating, procurement, and delivery processes, services, and tools, make it possible to consistently deliver quality projects on-demand, on-budget, and on-time. Are you ready?

article thumbnail

Job Order Contracting - Untitled Article

Job Order Contracting

Meeting these requirements can be a significant challenge when eighty percent (80%) of all construction related projects are late, over-budget, or incorrectly completed. It’s no surprise to anyone that errors and omissions are largely the cause of cost creep, change orders, and general dissatisfaction. Are you ready?

article thumbnail

Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Forecast – the forecast needs to at a bare minimum identify what your budget numbers are, costs or committed costs to date and anything left over or any over run. Risk – this is one of our favourite parts.

article thumbnail

#100:  Dealing With Rising Costs

NH Construction Law

Sometimes the benchmark is budgeted costs, i.e., the contractor’s actual buyout costs at bid time (or those of their subs if the subcontract prices are similarly allowed to fluctuate). And almost always the change order process must be invoked, with its timing limitations and waiver possibilities.

Deals 40