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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement , project management, and the C-suite should all monitor WIP closely. That’s accounting’s job, right?

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement, project management, and the C-suite should all monitor WIP closely. That’s accounting’s job, right?

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The New Preconstruction Advantage: Connected Quantification & Model Coordination in a Common Data Environment

Construction Business Owner

Certainly, projects aren’t declared a success simply because they’ve hit the finish line. Each milestone or phase — from design to plan to build — requires many data handover cycles, increasing opportunities for rework. Connecting preconstruction teams involves integrating workflows and project data.

Modeling 234
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Top 10 ERP Solutions for Construction Firms

Construction Marketing

Often, this makes it hard to find a solution—you have to handle a complicated blend of equipment, inventory, subcontractors, bids, and project management, just to name a few. Procore gives you the power to manage accurate project budgets with reliable data drawn from the field. SAP S/4HANA. Oracle ERP.

Software 200
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Construction Business Owner Blogs

Construction Business Owner

Know the Contract and Budget. Before work begins, understand fully what you’ve contracted to do by carefully reviewing the contract at hand. Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Committing Intentional Project Communications.

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Job Order Contracting – Recommended Best Practices

Job Order Contracting

All the tools , training , information, processes, and support are available to ANY procurement and facilities management team that wants to consistently deliver renovation, repair, and minor new construction project on-time, on-budget, and to everyone’s satisfaction. Oversight, without excessive management and control is vital.

Contract 100
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Lean Construction – Overcoming decades of mistrust, lack of communication, and opposition between facilities owners, designers, engineers, and builders.

Job Order Contracting

Lean Construction – Overcoming decades of mistrust, lack of communication, and opposition between facilities owners, designers, engineers, and builders… possible? Construction Project Delivery Comparison. Construction Project Delivery Overview & Comparison. Design-Bid-Build. Design-Build.

Design 130