article thumbnail

Driving Profitability with Project Controls

Construction Business Owner

Project controls, including standardized approaches, processes and reporting, are designed to manage all costs and financial aspects of a project through its life cycle—from initial estimating and budgeting to forecasting, measuring progress, controlling change, reconciling actual expenditures and closing out the project.

article thumbnail

Integrated Construction Planning, Procurement, and Project Delivery Solution

Job Order Contracting

Consistent delivery of quality repair, renovation, maintenance, and new build projects on time and on budget is possible using an integrated planning, procurement, and project delivery solution. Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. Budget and Schedule.

professionals

Sign Up for our Newsletter

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

article thumbnail

BIM, Value Management, Life-cycle Cost Management

Building Information Management

BIM is the life-cycle management of the built environment supported by digital technology. Unfortunately, too much emphasis has been placed upon 3-D visualization and other technology components vs. the process of life-cycle management. Consequently, the need for value management emerges. INTRODUCTION.

article thumbnail

Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

Is it over or under budget? Using budget as your primary indicator of performance is a lot like calculating the calories of a cake to assess its healthiness after it’s been baked. Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity.

article thumbnail

The Win-Win Job Order Contracting Solution

Job Order Contracting

Job Order Contracting improves overall life-cycle management of the built environment by reducing delivery times and improving quality, cost visibility, and overall satisfaction for all common renovation, repair, and minor new facilities construction.

Contract 100
article thumbnail

Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

All elements of the project must be reduced to a cost that can be accounted and budgeted at a line item level. The total cost of physically constructing the project in the time required based on current costs for labor, materials, equipment, mobilization, bonds, and profit.

article thumbnail

Top 10 ERP Solutions for Construction Firms

Construction Marketing

Managing a reputation for delivering high-quality projects, keeping your business profitable, your people productive, and your firm growing requires focus, commitment, and understanding. Reflex’s Construction Management software provides project and asset-based life-cycle management in one fully integrated software package.

Software 200