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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Which then throws everything off from revenue forecasting to budgeting. That’s accounting’s job, right?

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Which then throws everything off from revenue forecasting to budgeting. That’s accounting’s job, right?

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Top 10 ERP Solutions for Construction Firms

Construction Marketing

Acumatica Construction Edition keeps your team on the same page, relying on a core system that has the latest project reports, contracts, budgets, plans, specifications, change orders, invoices, purchase orders and job costs. Procore gives you the power to manage accurate project budgets with reliable data drawn from the field.

Software 200
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Job Order Contracting – Recommended Best Practices

Job Order Contracting

All the tools , training , information, processes, and support are available to ANY procurement and facilities management team that wants to consistently deliver renovation, repair, and minor new construction project on-time, on-budget, and to everyone’s satisfaction. We hope you benefit from the following information.

Contract 100
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Construction Business Owner Blogs

Construction Business Owner

Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Know the Contract and Budget. Before work begins, understand fully what you’ve contracted to do by carefully reviewing the contract at hand.

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Lean Construction – Overcoming decades of mistrust, lack of communication, and opposition between facilities owners, designers, engineers, and builders.

Job Order Contracting

Lean Construction – Overcoming decades of mistrust, lack of communication, and opposition between facilities owners, designers, engineers, and builders… possible? Design-Bid-Build. Traditional design-bid-build (DBB) delivery process with design, bidding, and construction in separate, sequential steps.

Design 130
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The New Preconstruction Advantage: Connected Quantification & Model Coordination in a Common Data Environment

Construction Business Owner

Each milestone or phase — from design to plan to build — requires many data handover cycles, increasing opportunities for rework. Staying on budget and on time while producing quality work is of utmost importance to all builders — but not all projects are created equally. Introducing Autodesk BIM Collaborate & Autodesk Takeoff.

Modeling 179