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Construction Change Order Fundamentals

Construction Business Owner

Promote to rotator No Rotator Image Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. Central Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. Thu, 03/07/2024 - 12:00 1:00 p.m.

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4 Tips for Better Change Order Management

Construction Business Owner

4 Tips for Better Change Order Management. I n an HBRC Journal study , results showed that the average cost overrun from change orders was as much as 11% to 15% of the original contract value for many construction projects. Elizabeth Manning. Thu, 06/18/2020 - 10:53.

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The AEC Professional's Essential Guide to Connected Construction

Construction Business Owner

The AEC Professional's Essential Guide to Connected Construction. Embracing a new way of working to solve construction’s oldest challenges. Less rework means faster schedules, fewer change orders, and, more importantly, a less expensive and more profitable construction experience for the owner and contractor.

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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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The most important construction KPIs to improve profits and productivity

Lets Build

What do your construction KPIs look like? If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue.

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The most important construction KPIs to improve profits and productivity

Lets Build

What do your construction KPIs look like? If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue.

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How to Make Changes & Still Make Money

Construction Business Owner

It’s nearly impossible to make any money when contracts allow just 10% and your subcontract only allows for 15% total overhead and profit markup on change orders, or time and material costs plus work. The typical commercial contractor’s annual overhead and profit markup look much like those in Figure 1.

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