article thumbnail

Commercial Construction Project Planning: 3 Warning Signs Your Budget Might Go Bust

HardHatChat

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services.

Budgeting 337
article thumbnail

Innovative LEAN Construction Tools

Job Order Contracting

An innovative, yet proven method of construction services planning, procurement, and project delivery is gaining traction with owners who require consistent quality repair, renovation, and construction services that are both on-time, and on-budget. Continuous Improvement. Focus Upon Outcomes.

professionals

Sign Up for our Newsletter

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

article thumbnail

3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Here are three ways to ensure your cash flow forecast gets your project done on time, on brief and on budget. The best benefit of a time-phased cost budget baseline is that project forecasts will be more accurate, with improvements in validation and efficiency. Create Rolling Enterprise Cash Flow Forecasts.

Cash Flow 130
article thumbnail

Why Getting Prequalified Should Matter to Contractors

Safety Services Company

Once they know, it’s easier for them to calculate risks and finalize a budget that accurately lists their expenses and returns. This transparency enables both parties to negotiate contracts initially, securing better terms and prices.

article thumbnail

OpenJOC (TM) LEAN Job Order Contracting Framework

Job Order Contracting

Optimize your resource allocation and planning. An OpenJOC Program can build and maintain the optimal resource mix for delivery and to scheduling of facilities renovation, repair, and minor new construction activities to best achieve an organization’s operational and financial goals, while honoring regulatory and other constraints.

Contract 100
article thumbnail

Brinkman Construction Transforms Project and Cost Management with Autodesk and CMiC Integration

Autodesk Construction Cloud

This is why many firms rely on enterprise resource planning (ERP) software to effectively connect tasks like job costing and project management. There’s too much risk in manual entry or upload so an integration was a non-negotiable for us.” These components are hidden behind the scenes but play a crucial role in a project's success.

article thumbnail

PSMJ Resources Blog: 6 Common Project Management Practices of.

PSMJ Resources

Although it may be difficult or intimidating for most PMs to pursue getting new business, they should be tapping into their best resources for more work—current and past clients. PMs should have a key role in the development and negotiation of scope. PSMJ Resources, Inc. Subscribe To PSMJ Resources, Inc. Newer Post.