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Effective Public Sector Construction Project Management

Job Order Contracting

Effective public sector construction project management requires an understanding of the requisite role of owners as stakeholders. Resource Allocation – A shared, common understanding of labor, material, equipment, time, productivity, and cost requirement is necessary to achieve a fair balance between initiatives risk management.

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Construction Risk Management: How to Reduce Top Construction Risks

Autodesk Construction Cloud

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project.

Risk 59
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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. During the Great Recession , more than 150,000 construction firms closed their doors, and 2 million construction workers lost their jobs.

Finance 52
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Utilizing The Power Of Financial Modeling In The Construction Industry

Contractor Bookkeeping

In the ever-evolving world of construction, financial modeling is a game-changer. It drives intelligent decision-making, minimizes risks, and ensures the revenue health of projects. Crafting precise and insightful financial models is a valuable tool for construction companies.

Modeling 109
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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. These types of requests are common place in today’s world when an owner finances the construction of a building. Why should you care?

Lien 118
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Construction Law: June 2024

Construction Law

Guest editor Insolvency in construction: the ‘bounce back’? Guest Editor Daniel Warren of DLA Piper UK LLP questions whether recent improvements in the economy are reflected in construction’s fortunes. Lawrence Winsor of Vinson & Elkins’ New York office says project financing is increasing in complexity as well.

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Be Strategic About Your Cash Flow: New Opportunity for Autodesk Construction Cloud Users

Autodesk Construction Cloud

Construction companies juggle many different risks and responsibilities as they strive to grow their businesses, or simply survive in an uncertain economy. Lack of financial strategy runs the risk of missed new opportunities, letting your cash to sit when it could be put to work, or overextending yourself.