article thumbnail

Construction quality management: Everything you need to know

Lets Build

From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. What is construction quality management? Construction quality management is broadly similar to project management. Changes to the scale or scope of client demands.

article thumbnail

Tips for Creating a Healthy Cash Flow

Best Practices Construction Law

Who couldn't use more cash during the holiday season? No matter the season, however, construction companies rely heavily on cash flow to fund their operations. Cash flow depends on so many variables, but there are a few that you can control. Project Management Tips. Written Contract. Contract Provisions.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Strategies to Manage Cash Flow

PSMJ Resources

Cash is the lifeblood of your A/E firm. As PM, you must manage the process to get the cash into the door as quickly as possible for professional services performed. There are two financial elements in play here that you must understand: 1. Work in Progress (WIP). Here are some effective strategies to minimize both WIP and AR.

article thumbnail

RELi Could be Standard Practice in Nearly Every Real Estate Transaction

Green Building Law Update

Much more than only anticipating weather extremes, in the draft document expected to be approved in the coming days, RELi 2.0 Since 2017, RELi has been managed by the USGBC which, in conjunction with MTS and others led the evolution of RELi 2.0 is made clear by the draft’s own words, “[t]he RELi 2.0

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. Moneyball is a film based on the true story of Oakland A’s general manager Billy Beane’s successful attempt to put together a baseball team on a tight budget. Better Project Management through Better Communication.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. General Management. People Management. Equipment Management. In that relatively short time frame I am able to draft an email from 30,000 feet and send it into the ether to any number of project team members. Some well managed businesses took some overly aggressive risks and are no longer with us.

article thumbnail

7 Steps to Successful Project Closeout

Autodesk Construction Cloud

Step six is to write up a final report outlining each of the previous steps for upper management. Your designers, accountants, and managers all need to play a role in the closeout process. Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future.