Remove Claims Remove Profitability Remove Project Management
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What are Preliminaries in Construction Contracts?

Lets Build

Most construction companies, project managers , and contractors will deal with preliminaries in their construction contracts. These preliminaries, also called prelims, cover costs for an entire construction project—not for specific work sections or activities. Management and administrative costs. What are prelims?

Contract 144
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Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.

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Why Projects Fail

Job Order Contracting

Organizations that do not implement and continuously import upon a program-based approach, under which all projects a planned, procured, and executed, suffer from unclear objectives , shifting requirements , unrealistic schedule s, and reactive planning , Poor planning and poor change management impede individual project successes.

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The Role of Construction Software Technology in Mitigating Risk

Viewpoint Construction Technology

Sometimes there is little bearing on ongoing operations, but, depending on the nature of the conflict, these disputes can have serious ramifications which have the potential to cause brand damage, profitability issues or human resource issues. Process issues refer to anything that affects execution and delivery of a project.

Risk 130
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Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

Scammers are calling all kinds of people and business owners claiming to be from the IRS. This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. These fears go a long way to helping the scammers achieve their goal. Visit [link] to learn more.

IRS 48
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Keep it Simple, Stupid

Viewpoint Construction Technology

In an industry as large and complex as construction, simplifying processes in any way possible can reap significant benefits for contractors in terms in of productivity, mitigated project risks and profitability. Ease of use is one of the most-touted selling points of today’s software and technology providers. Is it integrated? —

Software 218
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6 ways to reduce waste on site

Lets Build

These things are all too common and every time scenarios like these take place, time is wasted, conflicts happen, and claims arise. Considering that nearly 2/3 of the work involved in delivering a construction project consists of non-value-added activities, it is crucially important to focus on the root causes and how to correct them.

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