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Sharing Your Budget Streamlines the Pre-Construction Phase

Wolgast Corporation

Here is one secret of the trade to save significant time during pre-construction, by giving your contractor a ballpark budget before design and/or estimating starts, an owner can take a shortcut in the preliminary phase and get to construction sooner. We can come to the owner with ideas without delays.

Budgeting 126
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Commercial Construction Delivery Methods: 3 Times To Go With A Negotiated Bid

HardHatChat

Any long-time readers of Hard Hat Chat have probably picked up on the fact that I’m a big fan of the negotiated bid. The GC then works with the client to budget the job based on pricing from subcontractor partners. Many large or complex construction jobs are budgeted and built out in phases. It’s A Multi-Phase Project.

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How Trusting Relationships Build Better Commercial Construction Projects

HardHatChat

Englewood Construction is currently negotiating a contract with Mrs. Green’s to convert former Fox and Obel in Chicago. Like most businesses, the commercial construction industry is a relationship business. In the negotiated process, expectations are set differently. Setting expectations.

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Why Collaboration Is Key in Construction

Viewpoint Construction Technology

Construction is no exception. Technology has been changing the way the construction industry operates, and mobile devices are being used more and more to manage and track every point of a project, big or small. Collaboration helps define non-negotiables, whether it’s deadlines, budget, or equipment. Consistency.

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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 only way around the complexity of a large-scale construction project is to ensure working capital requirements are known and provided for. Effectively managing cash flow is critical for contractors’ success.

Cash Flow 130
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The most important construction KPIs to improve profits and productivity

Lets Build

What do your construction KPIs look like? Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. If they all revolve around your financials, you might be shrinking your own profit margins.

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The most important construction KPIs to improve profits and productivity

Lets Build

What do your construction KPIs look like? Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. If they all revolve around your financials, you might be shrinking your own profit margins.