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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. ” Clearly, technology can enormously influence your projects’ productivity and profitability. Little to no project or business predictability Most construction projects are like a unique snowflake.

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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.

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Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The cost estimate should be detailed, i.e. line item, and presented in a clear, standardized manner. All elements of the project must be reduced to a cost that can be accounted and budgeted at a line item level. Contingencies should be expressed in terms that can be easily presented to and understood by the public.

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Construction Cost Codes: Everything You Need to Know

Autodesk Construction Cloud

These codes are typically represented by numeric or alphanumeric values and often form part of an overall budget code and a key piece of a work breakdown structure (WBS). . Firms can analyze these costs to improve future estimating, budgeting, and forecasting on similar projects. . Profitability . Standardization .

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Construction Estimating Made Easy

Viewpoint Construction Technology

Using a web- or cloud-based software solution is also the best way to increase your estimate accuracy and improve profitability. In an effort to increase your profit margin, it’s imperative to accurately estimate labor hours, budgets, and costs without wasting time or money. It should be a part of your strategy to win more bids.

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Disrupt or Die. Poor processes are costing the construction industry

Autodesk Construction Cloud

And those who look only to the past or present are certain to miss the future.” [1] The present brings a shortage of skilled labour and ever-increasing pressure to reduce costs. Many of the industry’s productivity problems can be traced back to bad data and poor processes, which hit the budget through delays and the need for rework.

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Revenue per employee: The relationship between construction marketing, sales and business efficiency

Construction Marketing Ideas

From "Setting Marketing Budget For Optimised Client Acquisition" by Tom Varjan. Is there an optimal architectural, engineering and construction business size, where the highest revenue per employee correlates with the highest level of job satisfaction — and how do these metrics correlate with marketing budgets and effectiveness?