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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 125
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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. In our experience, we have found clients who care about producing the best commercial construction projects are more likely to engage in the negotiated contract process. Setting expectations.

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Why Collaboration Is Key in Construction

Viewpoint Construction Technology

By collaborating as a team, different ideas and skills can be pooled to make a job better than it may have been otherwise — something that makes clients, owners, and managers happy. 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 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
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OpenJOC (TM) LEAN Job Order Contracting Framework

Job Order Contracting

Prioritize projects based upon importance to the organization and budget. Assure all projects are included appropriately in the budget. Make certain projects remain within the budget, or that the impacts of any cuts are known to management. All estimates should have a 95% probability of realizing planned completion on budget.

Contract 100
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BuildTools Provides the Solution for Managing Demanding Clients

Pro Builder

He recalls multiple instances that sounded something like this: “I had it in my head that we were only over budget by a few thousand dollars, I had no idea we were this far over!”. We had to negotiate our final draw on every home,” says Molthan. So, we were stuck holding the bag and negotiating on it.”