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How to survive and overcome inflation and rising construction costs

Lets Build

Arcadis recently released a report about international construction inflation and costs with some interesting findings: Construction companies in both developed and emerging economies are experiencing price increases of over 5%. So what can we do to survive when construction costs are higher than ever?

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The importance of keeping construction daily logs for every site activity

Lets Build

Construction sites are chaotic. While we have plenty of tools to get a general overview of projects and see how they should be progressing, we only have one that shows how they’re actually progressing: construction daily logs. Let’s explore the importance of keeping construction and maintenance daily logs of every on-site activity.

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Construction Business Owner Blogs

Construction Business Owner

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. World of Concrete 2012: Products Get Smarter, Interfaces Mimic Streamlined Design of Smart Phones and Tablets » The Issues around Construction Issue Building. INSURANCE |. EQUIPMENT |.

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How technology can help you maintain your profit margins at residential projects

Lets Build

Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.

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3 ways to avoid defects in construction

Lets Build

The success of any construction project relies on scheduling, costs, and the quality of the finished product. One of the major reasons that construction managers must schedule rework and fight against claims is defects. 3 types of defects in construction. 3 types of defects in construction. Material defects.

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5 Challenges Owners Face with Cost Management (and How to Fix Them)

Autodesk Construction Cloud

Lack of change order collaboration between owners and GC’s. In fact, according to a report on the impact of trust on constructio n, FMI and Autodesk found that firms reporting high levels of trust see 25% to 95% higher profit margins. These issues become even more pronounced when dealing with change orders and increased costs.

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Mastering construction project management with 6 key strategies

Fieldwire

Effective construction project management requires you to balance multiple moving parts. A rapidly changing landscape means employing numerous strategies to get the job done to your client’s satisfaction. What should you know to maximize your profits and grow your business? They can quickly identify issues in real time.