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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses

Levelset

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. Who’s responsible for low-bid procurement? Owners or developers frequently push for the low-bid procurement method in construction.

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Construction Law: May 2024

Construction Law

Editor’s comment Work will flow soon from giant water investment programme The water industry’s giant AMP 8 investment programme will place procurement under the spotlight, says Editor Nick Barrett. Disputes might benefit from early analysis of delays, cost overruns and evidence-based mitigation made possible.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. As technology changes the game, procurement is becoming a strategic juggling act. Procurement Software.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. As technology changes the game, procurement is becoming a strategic juggling act. Procurement Software.

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Grenfell reform may extend to procurement

Construction Law

Construction seems to be constantly under pressure to reform, with pressure heightening in the wake of disasters like the 2017 Grenfell Tower tragedy. The legislation imposed adjudication regime has at least succeeded in freeing up some industry cash flow. Some legislative interventions have had positive impacts.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here. There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement, and more.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

Construction companies face more cash flow challenges than just about any other industry. Let’s take a look: [content_upgrade cu_id=”4502″] Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade].