Construction Specifier

APRIL 13, 2023

The construction industry faces a myriad of challenges, such as completing projects on schedule, ensuring the quality and safety of products and materials, overseeing the costs so they do not exceed the budget, and complying with corporate environmental and social responsibility standards; all while applying effective risk management at every step.

Materials 52

Materials Products Inspections Foundation 52

Autodesk Construction Cloud

FEBRUARY 5, 2022

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Before you start panicking about the 90 plus risks on the list you’re probably not completely aware of at this moment, let’s take a step back.

Risk 59

Risk Management Construction Documentation 59

Construction Business Owner

SEPTEMBER 9, 2022

How is your budget holding up under the prices of the raw materials and labor you’ve been choosing? The answers to these questions will help you pinpoint vulnerabilities in your construction supply chain — from suppliers who have run short on inventory to exorbitantly priced raw materials. Maintain Multiple Suppliers.

Management 296

Management Industrial Construction Materials 296

HardHatChat

FEBRUARY 14, 2024

We believe it enhances our project outcomes, mitigates risks, and supports the overall success of our national construction business. This has allowed us to perform at a high level, ensuring quality finished products, a maintained schedule, and being mindful of the budget. b) that all the scope is included in the proposal. It matters.

Commercial 295

Commercial Construction Schedule US 295

Job Order Contracting

OCTOBER 24, 2017

Consistent Delivery of On-time, On-Budget, Quality Renovation, Repair, and Construction is available to any competent real property owner that demonstrates leadership. LEAN Collaborative Construction is the delivery tools for owners, builders, and other stakeholders that wish to consistently deliver quality projects on-time and on-budget.

Budgeting 100

Budgeting Budget Renovating Overhead 100

Autodesk Construction Cloud

MAY 9, 2022

??Risk management has always been an essential element for success in construction, but things have certainly reached a whole new level in recent years. In addition to fundamentally altering how we work, the pandemic also introduced supply chain challenges that make it more difficult for firms to deliver projects on time and within budget. .

Risk 80

Risk Management Modeling Environment 80

Levelset

FEBRUARY 10, 2022

The designer helps the client develop budgets, schedules, potential issues, the scope, and other details related to the planning of the entire project. Preconstruction establishes two baselines: an initial budget and a preliminary schedule. This includes more in-depth sketches and elevations, as well as choosing finishes and materials.

Risk 52

Risk Feasibility Bidding Budgeting 52

Construction Marketing

FEBRUARY 17, 2022

Finding your dream home with all the unique features within your budget and in the perfect location can be challenging. It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. How construction loans work. How to choose a construction loan lender.

Construction 267

Construction Budgeting Budget Drawings 267

Fieldwire

JANUARY 25, 2022

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. Workflow of Risk Planning. treating the risks.

Risk 59

Risk Plans Insurance Construction 59

Construction Marketing

DECEMBER 27, 2021

As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Builders Risk Insurance.

Insurance 156

Insurance Contractors Accidents Liability 156

Lets Build

DECEMBER 2, 2022

From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. These are some of the issues which may require consideration over the course of a construction project: Changes in the style or quality of supplied materials. A game of risk.

Management 156

Management Construction Risk Cash Flow 156

Lets Build

FEBRUARY 3, 2023

Other than increasing material prices, workforce shortages are a significant driving factor which is likely to keep construction inflation at higher-than-normal levels. Pay attention to market impacts Logistical bottlenecks and price escalation are two of the biggest factors affecting your ability to deliver projects on time and on budget.

Construction 148

Construction Materials Risk Management 148

Job Order Contracting

OCTOBER 25, 2021

Waste is rampant to the extent that 80% or more of all projects are late, over-budget, and/or poorly completed to the dissatisfaction of participants and stakeholders. Supporting robust processes, tools, and training are readily available to assure on-time, on-budget, and quality outcomes 90%+ of the time. Leverage technology.

Renovating 214

Renovating Procurement Budgeting Budget 214

Job Order Contracting

MAY 4, 2023

Labor, material, and equipment costs, as well as productivity information should be provided and all based upon current local market conditions. Historical data for similar project will rarely be of any practical use due do variations in local market labor, material, and equipment pricing as well as productivity. Construction Estimate.

Estimating 198

Estimating Construction Risk Documentation 198

Construction Marketing

DECEMBER 6, 2022

Not only does it improve their reputation, but it also makes it easier to stay within budget. Invest in materials like energy-efficient overhead cranes, and consider using a suitable on-site generator. Use Sustainable Building Materials. Use Prefabricated Material. Buildings must be energy efficient.

Construction 223

Construction Environment Sustainability Software 223

Lets Build

JULY 22, 2022

The principles of lean construction are nothing new, and most construction professionals understand the risks of not using an organised, proven process when taking on a new project. Manage opportunities and risk to maximise return on investment. Add that to a project that stays on time and on budget , and it’s a win for everyone.

Construction 148

Construction Risk Budgeting Budget 148

Job Order Contracting

MARCH 17, 2021

If a job is estimated correctly all parties should have a detailed understanding of the scope of work, costs, time, labor, and materials required. Organizational Resources Appropriate Project Delivery Method & Team Common data environment (CDE) – Locally researched cost data organized by CSI Masterformat Risk Assessment.

Estimating 152

Estimating Construction CSI Procurement 152

Autodesk Construction Cloud

NOVEMBER 17, 2022

It’s not uncommon in the construction industry for teams to work with subcontractors or materials suppliers from different countries. With the possibility of materials pricing rising, especially in today’s market, this presents risk due to currency exchange rate fluctuations. . This process isn’t always easy.

Autodesk 98

Autodesk Management Change Orders Forecasting 98

Job Order Contracting

DECEMBER 21, 2020

Teams must be motivated to generate good ideas rather than extracting material gain. A clear and primary focus on building a relationship-based construction planning, procurement, and project delivery system has proven to consistently enable quality repair, renovation, and new builds to be delivered on-time on on-budget.

Procurement 150

Procurement Plans Construction Environment 150

Lets Build

MARCH 10, 2023

Construction companies that don’t leverage the power of data risk falling behind. In an industry where large chunks of our budgets are spent on labour and materials, we benefit from every opportunity to decrease our costs, improve our efficiency, and minimise our material waste.

Construction 147

Construction Site Schedule Management 147

Lets Build

APRIL 21, 2023

Keeping a detailed daily construction report is useful for more than tracking project progress and productivity; it decreases your risks of experiencing those fears that keep you up at night. It can also help reduce the risks associated with construction projects. Another risk that project managers face is schedule overruns.

Project Management 146

Project Management Construction Site Management 146

Stok

JULY 29, 2018

The foundation for any successful project is a detailed schedule and budget. Now on the financial side, the Project Manager should work closely with the Client on the conceptual budget at project inception. This budget will evolve into a Master Budget as the site is selected and more information is known about the scope of the project.

Budgeting 40

Budgeting Budget Foundation Leases 40

Construction Business Owner

NOVEMBER 10, 2015

The potential for delay in completion poses a substantial risk to every project budget and schedule. Contractors are faced with increased office overhead and extended general conditions costs, wage and material escalation and potential inefficiencies.

Overhead 120

Overhead Budgeting Budget Schedule 120

Job Order Contracting

AUGUST 20, 2023

Locally researched labor, material, equipment, and productivity data is essential in the devlopement of a credible construction cost estimate. ENR economic index, etc.) applied to a outdated cost estimate will introduce significant error. 3# Local Market – All cost data must be based upon local market conditions.

Estimating 219

Estimating CSI Life Cycle Construction 219

Viewpoint Construction Technology

MAY 1, 2019

It doesn’t appear to solve the needs of a growing construction organization —projects with modern demands that need to be completed quickly and with minimal risk. Communication and information sharing across the entire organization is vital for staying productive and completing projects on time and under-budget with minimal mistakes.

Software 267

Software Software Construction Organization 267

Construction Marketing

MAY 11, 2022

Cranes are essential to any major construction project, providing safe and efficient on-site transportation of heavy materials. The weight and size of the materials will determine what type of crane you will get and how it will be set up. Ensure that your crane has passed the safety standards. Check the cost. Key Takeaway.

Budgeting 156

Budgeting Budget Site Safety 156

Construction Marketing

JANUARY 25, 2023

This phase includes determining the project’s scope, selecting materials, and determining the necessary permits and approvals. This includes creating a detailed project schedule, budget, and phasing plan. Commercial real estate development also involves a significant amount of risk management.

Commercial 210

Commercial Leases Regulation Finance 210

Viewpoint Construction Technology

OCTOBER 25, 2017

Insights from all this information could increase profit and productivity and reduce time, errors, and material waste. When an average of 35 percent of construction costs are spent on material waste and remedial work , tracking cost and performance makes all the difference. Risk management. Cost control.

Risk 209

Risk Schedule Profitability Viewpoint 209

Lets Build

FEBRUARY 24, 2023

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed 2023 also brings more unpredictability for company execs and project managers, making managing schedules, budgets, and timelines challenging. followed us into 2023.

Industrial 148

Industrial Construction Profitability Budgeting 148

Job Order Contracting

FEBRUARY 20, 2021

Over eighty percent (80%) of construction projects are over-budget, late, or not competed correctly. 10% are due to equipment and/or materials delays, most off which could have been foreseen. Sixty (60%) percent of all project fail to meet both cost and and schedule targets. are all defined.

Schedule 163

Schedule Management Procurement Construction 163

Fieldwire

AUGUST 6, 2023

Patrick is the CEO at Handle.com which builds software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster. Budget constraints Going over-budget is common in the construction sector. Finally, the project’s budget needs to be reviewed constantly to stay on track.

Project Management 98

Project Management Management Construction Budgeting 98

Job Order Contracting

OCTOBER 25, 2021

Repair, renovation, sustainability, and new build projects can be consistently delivered on-time, on-budget, with high quality, and to the satisfaction of all participants and stakeholders. Scope of work, material, labor, equipment, and time requirements, and cost visibility can all be clearly communicated to all participants. #4.

Management 210

Management Procurement Construction Contract 210

Viewpoint Construction Technology

NOVEMBER 29, 2017

Without your own project management solution, you’re operating at a huge disadvantage and putting your business at risk. Subcontractors can minimise risk with the right construction software management tools. Thirty five per cent of construction costs are spent on material waste and remedial work. Cost savings.

Profitability 166

Profitability Viewpoint Software Software 166

Fieldwire

MARCH 1, 2022

Coming in on budget is obviously important, but another factor is on-time completion, undoubtedly one of the most important attributes for any construction project. Solid Risk Management. Solution: Set up a solid risk management program that is risk-appropriate and specific to a given construction project/workflow.

Risk 105

Risk Construction Equipment Management 105

ProcurementExpress.com

NOVEMBER 30, 2016

Do you know if any of your projects are at risk? A huge topic of discussion in the Construction Industry consistently, is the scope of financial risk on a construction project. Why do these financial risks take place. Planning helps the team bring all the resources, materials and tools together at the right time.

Risk 52

Risk Construction Plans Structural Engineering 52

Lets Build

AUGUST 4, 2023

Proper budgeting Budgeting requires the most attention to ensure on-budget projects. Poor budgets can lead to delays or even incomplete projects. With the software, you can automate labour and material costs, standardise bids, and get accurate estimations based on previous costs and bids.

Software 78

Software Software Construction Budgeting 78

Lets Build

APRIL 15, 2020

Additionally, the basics and essentials of budgeting, finance, organisation, scheduling, conflicts, and legal issues are also covered by the project manager. Risk management plan, which identifies possible risks like nonviable time and cost estimates, budget cuts, regulation changes, etc. Construction Management 101.

Project Management 148

Project Management Management Construction Feasibility 148