article thumbnail

How The Cloud Is Enabling Smarter Project Management—Part 4 of 5

Viewpoint Construction Technology

Editor’s Note: This is Part 4 of a five-part series on Construction Project Management. Over the past three weeks, we’ve looked at complex construction projects, the people that run them and the technology tools they use. More and more contractors are moving their operations to the cloud. Why is that important?

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement , project management, and the C-suite should all monitor WIP closely. That’s accounting’s job, right?

professionals

Sign Up for our Newsletter

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

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement, project management, and the C-suite should all monitor WIP closely. That’s accounting’s job, right?

article thumbnail

Top 10 ERP Solutions for Construction Firms

Construction Marketing

Often, this makes it hard to find a solution—you have to handle a complicated blend of equipment, inventory, subcontractors, bids, and project management, just to name a few. Procore gives you the power to manage accurate project budgets with reliable data drawn from the field. SAP S/4HANA.

Software 196
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Also make sure your project managers understand the contract language fully. Remember that your leverage is strongest before the project is finished. Was your initial estimate off?

article thumbnail

Job Order Contracting – Recommended Best Practices

Job Order Contracting

Lack of formal written policies, procedures or guidelines is the primary reason for JOC Program failure and/or inconsistencies in project management and documentation, and compliance. Assure fair owner/contractor negotiations occur for all individual projects in order to assure quality and timely work at fair and reasonable prices.

Contract 100
article thumbnail

Tips for Creating a Healthy Cash Flow

Best Practices Construction Law

Project Management Tips. Cash flow issues can be addressed in the contract, but Tracy also recommends better project management as a way to improve cash flow. Monitor work-in-progress reports, cash flow reports and other documents to spot cash flow issues while there’s still time to do something about them.