Pro Builder

APRIL 19, 2021

5 Reasons to Use Mechanical Contractor Software. The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. The same is true for mechanical contractors. Mon, 04/19/2021 - 06:00. 3) Estimating.

Software 52

Software Software Contractors Change Orders 52

Construction Marketing Ideas

DECEMBER 13, 2015

Some years ago, in addressing how a successful contractor has managed to maintain a profitable business despite needing to compete in “low bid wins the job” open competitions, the contractor opened up to me with an observation: He wins the jobs because they are rigged in advance. And that happened.

Change Orders 48

Change Orders Bidding Contract Contractors 48

Construction Business Owner

NOVEMBER 15, 2021

Put your most valuable employees back to work by automating manual change order processes. Despite so many other advancements in the construction industry, the traditional change order process is still one of the biggest headaches in commercial construction. change orders. reduce risk. Rotator Image.

Change Orders 348

Change Orders Risk Virgin Islands Puerto Rico 348

Autodesk Construction Cloud

NOVEMBER 17, 2022

With the possibility of materials pricing rising, especially in today’s market, this presents risk due to currency exchange rate fluctuations. . Managing the procurement process and properly tracking costs with international suppliers is critical to help mitigate risk. This process isn’t always easy. See Multi-Currency in action! .

Autodesk 98

Autodesk Management Change Orders Forecasting 98

Autodesk Construction Cloud

DECEMBER 31, 2021

And with good reason: the right insights can improve everything from project cost and timeline accuracy to reducing the risk of lawsuits and disputes, and even winning more business. Or implementing new safety training to mitigate worker injury risk You can then use that knowledge to anticipate and better manage risk for future jobs.

Risk 52

Risk Management Construction Autodesk 52

Job Order Contracting

APRIL 12, 2019

Mitigate Construction Procurement and Project Delivery Variance and Risk. Achieve agreed outcomes on the basis of mutual trust and respect, sharing risk and rewards, financial transparency, and long term mutually beneficial relationships. All participants and stakeholders are motivated to focus on PROJECT FIRST goals.

Procurement 100

Procurement Risk Change Orders Legal 100

Job Order Contracting

SEPTEMBER 30, 2021

Most organizations rely upon historical cost data and/or contractor quotes, and/or other national average cost database with cost and/or other economic factors. Owners are far less knowledgeable of cost management and implications than builders, inclusive of assessing risk related to any changes or performance issues.

Management 130

Management Procurement Construction Change Orders 130

Job Order Contracting

APRIL 11, 2019

LEAN Construction Achieve agreed outcomes on the basis of mutual trust and respect, sharing risk and rewards, financial transparency, and long term mutually beneficial relationships. Substantial cost and quality benefits without the adversarial relationships common in traditional construction contracts.

Change Orders 100

Change Orders Procurement Risk Legal 100

Viewpoint Construction Technology

APRIL 23, 2019

It’s both frustrating and costly for contractors when a construction project is postponed. This helps contractors complete their construction deliverables on time and within budget. As a contractor, misquoting a job estimate can be massively detrimental; some jobs are shut down for weeks, months or even dropped altogether.

Construction 237

Construction Software Software Estimating 237

Levelset

MARCH 11, 2022

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. And any savings on paper are usually lost mid-way through the project in change orders. Who’s responsible for low-bid procurement?

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Construction Dive

JANUARY 8, 2015

These estimated get refined as the project develops and ultimately, contractors and subcontractors will prepare detailed take-offs and estimates to prepare a bid or establish a budget. Frequently, particularly for small projects and for change orders, the indirect costs are included as part of overhead.

Estimating 48

Estimating Risk Overhead Contractors 48

Job Order Contracting

MAY 9, 2017

Estimating Construction Costs for Job Order Contracts properly is critical to the success of any JOC program. Is your JOC Program free of the risk of fraud and/or improper relationships? Reduction in the procurement lead-time and construction cost for work orders is a benefit promised by some JOC Consultants and/or service providers.

Estimating 100

Estimating Contract Change Orders Construction 100

Job Order Contracting

AUGUST 20, 2023

Secondary data sources , such as contractor and subcontractor quotes are secondary data sources and should not be exclusively relied upon. #2 Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

Estimating 219

Estimating CSI Life Cycle Construction 219

Viewpoint Construction Technology

OCTOBER 23, 2018

Many contractors are practically drowning in data and don’t have the right tools to parse and analyze the data in ways that would have meaningful impacts on their projects. That, however, is changing. We’ve heard our customers discuss it at both our Digital Contractor Roadshows and our Collaborate 2018 user conference this year.

Construction 240

Construction Software Software Cash Flow 240

NH Construction Law

DECEMBER 19, 2021

When a contractor abandons or is terminated from a construction project before substantial completion, one of the first tasks for the owner/developer (or for the contractor’s performance bond surety if such a bond exists) is to locate and hire a completion contractor.

Contractors 40

Contractors Liability Bidding Contract 40

Autodesk Construction Cloud

NOVEMBER 15, 2021

Best practices for handling change orders. Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. Karalynn also emphasizes the importance of negotiating who takes on certain risks and liabilities. Let’s meet in the middle.

Contract 52

Contract Contractors Negotiation Subcontracting 52

Lets Build

FEBRUARY 3, 2023

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins. Now your project’s schedule and target cost are at risk.

Construction 148

Construction Materials Risk Management 148

Lets Build

JANUARY 20, 2023

Skipping these logs increases your risk of a small issue becoming a massive one because no one documented it. Keep track of work done When it comes to the high complexity of construction projects, it’s impossible to track every on-site activity, material, contractor, and team.

Site 148

Site Construction Documentation Products 148

BD+C

AUGUST 28, 2023

Rebekah Schranck, AIA Contractors Designers / Specifiers / Landscape Architects Architects Building Owners Construction Administration presents its fair share of challenges in the architectural industry, from managing clients' change of heart in the midst of construction to dealing with contractors that are reluctant to revise their work.

Construction 81

Construction AIA Architecture Contractors 81

Autodesk Construction Cloud

JUNE 8, 2023

Because preconstruction offers the biggest opportunity to de-risk a project. This, in turn, leads to improved accuracy in project estimates , proactive risk management, and more effective resource allocation. A connected bidding platform also simplifies how you manage field proposals from other contractors and subcontractors.

Profitability 98

Profitability Bidding Estimating Risk 98

Autodesk Construction Cloud

DECEMBER 6, 2023

Teams often have to rely on separate tools to manage tasks like RFIs, daily submittals, and change orders, leading to disconnected processes. Designed with GCs and specialty contractors in mind, CMiC offers advanced accounts payable, accounts receivable, and billing capabilities.

Autodesk 98

Autodesk Management Construction Accounting 98

Viewpoint Construction Technology

APRIL 17, 2018

Contractors today deal with challenging projects, often with multiple performance obligations. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. New revenue recognition standards will require contractors to adjust accounting practices.

Accounting 218

Accounting Contract Viewpoint Cash Flow 218

Autodesk Construction Cloud

FEBRUARY 3, 2023

They ensure everyone is on the same page from the get-go, on topics as diverse as how change orders how the chain of communication will be handled on site. They also try to identify special considerations and forestall potential areas of complication that can lead to change orders.

Change Orders 52

Change Orders Documentation Schedule Budgeting 52

Viewpoint Construction Technology

APRIL 10, 2018

There’s an industry transformation happening in construction, driven by modern technology, and these changes are significantly elevating construction management. Contractors are finding ways to modernize their businesses with software that improves productivity and mitigates risks, while increasing their bottom line.

Management 209

Management Viewpoint Construction Software 209

HardHatChat

JULY 11, 2013

Many general contractors decide to lower their risk and start commercial construction projects in the warmer months, paying a premium for nice weather, but assuring timely delivery. The best general contractors can help soften the blow of price escalations through best practices and being savvy. Don’t skimp on architects.

Commercial 276

Commercial Construction Bidding Chicago 276

Job Order Contracting

APRIL 15, 2018

The OpenJOC Solution integrates processes/workflows, training, tools, cost data, and technology to drive collaboration and team work between owners and contractors. This enables owners and their awarded JOC contractors to execute a wide variety of numerous repair, renovation, sustainability, and minor new construction projects.

Contract 100

Contract Change Orders Procurement Estimating 100

Best Practices Construction Law

NOVEMBER 21, 2019

As you may be aware, one of the greatest risks on a construction project involves the payment process. Just like my kids expect to be paid for the lemonade they sell, contractors and subcontractors expect to be paid on a timely basis once the work has been performed. Courts across the country vary in their treatment of these issues.

Contract 77

Contract Subcontracting Drafting Virginia 77

Job Order Contracting

NOVEMBER 17, 2020

The UPB reflects Contractors bid an adjustment factor (coefficient) that is applied to all construction tasks listed in the UPB. If a UPB is properly created it consists of “bare costs” only (no contractor overhead or profit). The post Job Order Contracting 2021 and Beyond appeared first on 4BT.

Contract 130

Contract Bidding Procurement CSI 130

Building Information Management

JUNE 2, 2016

Owners, Contractors, and AEs Must Work Together. It is owners that provide inaccurate and/or vague project requirements, create/support excessive numbers of change orders, fail to treat their service providers with respect, and lack the requisite ability to implement LEAN construction delivery methods. Share risk and reward.

Contractors 40

Contractors Procurement Change Orders Budgeting 40

Fieldwire

AUGUST 6, 2023

Patrick is the CEO at Handle.com which builds software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster. As unplanned work and change orders creep into your project scope, the cost can easily go out of control if it is not managed closely.

Project Management 98

Project Management Management Construction Budgeting 98

Federal Construction Contracting Blog

APRIL 21, 2022

Unfortunately, the construction industry could not employ the remote workplace, and projects continued to require hands-on personnel who could not socially distance as a practical matter and were at greater risk for contracting COVID. The health and safety of all Americans, including our Federal contractors, remains the top priority.”

Contractors 52

Contractors Compensation Contract Defense 52

cnstrctr

FEBRUARY 18, 2019

Unlike lump sum contracts, construction management allow the general contractor to take on a universal role to help manage the overall project. The contractor submits a bid for the project based on the drawings and specifications. Under a construction management things change slightly. How Is Construction Management Different?

Management 60

Management Construction Industrial Contract 60

Job Order Contracting

SEPTEMBER 26, 2016

4BT.US – We help Owners, Contractors, Subcontractors, as well as Architectural&Engineering and Contract Management firms to develop, deploy, and execute best practice Job Order Contracts. Leverage of current actionable information and tools to support decision-making.

Life Cycle 100

Life Cycle Construction Change Orders Procurement 100

Autodesk Construction Cloud

FEBRUARY 1, 2022

By choosing the right one for your project, overall risk can be reduced, and budget and schedule can be better managed. There is no optimal project delivery method, but choosing the right method for your project helps reduce risk, improve your schedule, and keep your budget on track. Schedule: a timetable for completion and payments.

Risk 52

Risk Schedule Design Budgeting 52

Construction Business Owner

OCTOBER 14, 2011

Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Discussion about change order difficulties tends to be one of two types.

Change Orders 120

Change Orders Construction Software Software 120

Viewpoint Construction Technology

JULY 19, 2017

As a contractor, misquoting a job estimate can be massively detrimental; some jobs are shut down for weeks, months, or even dropped altogether. Rushing from project to project is inefficient, and risks cutting corners. Using an integrated construction software keeps everyone aware of changes and notes no matter how large or small.

Viewpoint 238

Viewpoint Construction Schedule Estimating 238

Autodesk Construction Cloud

DECEMBER 18, 2021

According to a recent survey from Autodesk and Dodge Data & Analytics, 66% of general contractors experience trouble getting off the job on at least a quarter of their projects. Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time.

Change Orders 52

Change Orders Documentation Equipment Risk 52