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How to survive and overcome inflation and rising construction costs

Lets Build

Prioritise value over competition One mistake project owners and procurement teams often make is prioritising bidding price over value. Using this traditional procurement method pits trade partners and contractors against each other. This can cost you more in the long run, especially when inflation is high and the market is volatile.

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Mastering construction project management with 6 key strategies

Fieldwire

Preconstruction and procurement: Negotiate and sign contracts with subcontractors. The right tools help you create rapid estimates for change orders and keep all parties informed of when they can expect delivery. CHANGE ORDERS SOFTWARE Stay on top of all cost impacts with Fieldwire's change orders app.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement, and more. When construction companies bring an e-procurement system into the fold, it makes it easy to keep track of outgoing cash in real-time. Process Change Orders Quickly. Embrace Automation. Automate P2P.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more. When construction companies bring an e-procurement system into the fold, it makes it easy to keep track of outgoing cash in real-time. Process Change Orders Quickly. Embrace Automation. Automate P2P.

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Why is construction so hard?

Fieldwire

Again, site conditions change and local ordinances dictate a slightly different look, all leading to changes in procurement and planning. Failing to compensate these companies for their expertise only results in them finding ways to get paid later (change orders).