article thumbnail

Sharing Your Budget Streamlines the Pre-Construction Phase

Wolgast Corporation

Here is one secret of the trade to save significant time during pre-construction, by giving your contractor a ballpark budget before design and/or estimating starts, an owner can take a shortcut in the preliminary phase and get to construction sooner. We can come to the owner with ideas without delays.

Budgeting 126
article thumbnail

Considering a Job Order Contract?

Job Order Contracting

Assure JOC program processes and structure mutually benefit your organization and awarded JOC contractors and can be implemented without the need for paid on-site “JOC consultant” 2. Establish a process to prequalify all subcontractors, requiring them at a minimum to be licensed, insured, and have sufficient relevant experience.

Contract 206
professionals

Sign Up for our Newsletter

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

article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

Finding your dream home with all the unique features within your budget and in the perfect location can be challenging. Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount. How construction loans work.

article thumbnail

4 Tips for Hiring a Reputable Plumbing Contractor

Construction Marketing

You can also consult building contractors because they interact more often with plumbers in their industry. Consider Insurance and License. Besides that, if they are insured, you can be sure they will not become a liability in case they suffer an injury in the process of doing their job. Price and Warranty.

article thumbnail

How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

Here are steps you should take to ensure the success of your project: Define timeline, milestones, and the budget. Image source: MHA Consulting, Inc. Sam Meenasian is the Operations Director of USA Business Insurance and BISU Insurance and an expert in commercial lines insurance products. Key Takeaways.

Risk 59
article thumbnail

Streamlining international construction projects

GCP Applied Technologies

An eye-opening Forbes article revealed international building projects that went billions over budget. The products you choose impact not only your ability to comply with local regulations, but your ability to secure insurance for the building. Consultant. Phillip.fry@gc…. Wed, 04/25/2018 - 09:23. GCP Applied Technologies.

article thumbnail

A Cash Flow Guide for Architects

Levelset

Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Successful businesses and organizations budget their expenses based on historic data and revenue projections. Budget categories. Cash flow basics. Forecasting your revenue.