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8 essential steps for effective project cost estimation and budgeting

Fieldwire

To say that winning bids is the key to success in construction is a half-truth. Estimating project costs correctly and managing the budget accordingly are just as vital. All subcontractors make project cost estimation and budgeting errors. Submitting a price within the Goldilocks zone can be challenging.

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How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

No doubt, construction is a risky business. Every construction project is uniquely different, and the distinctive characteristics of the industry - such as high-cost intensity and lengthy durations - also add an additional layer of complexity to the risk landscape. The Importance of Project Risk Planning.

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Construction quality management: Everything you need to know

Lets Build

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. From ambient weather to subcontractor failures, construction projects can be derailed in numerous ways. What is construction quality management?

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How construction companies can leverage the power of data

Lets Build

Companies worldwide use data to make better decisions, predict future outcomes, and improve their efficiency— and the construction industry is no exception. Construction companies that don’t leverage the power of data risk falling behind.

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Maximising ROI with construction project execution software

Lets Build

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Such solutions play a vital role in different phases and areas of construction, including on-site coordination, execution, safety, communication, etc. This allows you to work within the budget.

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Maximising ROI with construction project execution software

Lets Build

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Such solutions play a vital role in different phases and areas of construction, including on-site coordination, execution, safety, communication, etc. This allows you to work within the budget.

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3 construction industry trends in 2023

Lets Build

There are some unique construction trends in 2023, but we also have more of the same. 2023 also brings more unpredictability for company execs and project managers, making managing schedules, budgets, and timelines challenging. Here’s what the top construction industry trends in 2023 look like: 1. New year, new trends, right?