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8 essential steps for effective project cost estimation and budgeting

Fieldwire

Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. In contrast, trying your luck on any project coming your way can lower your chances of winning a contract. To say that winning bids is the key to success in construction is a half-truth.

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The pros and cons of becoming a subcontractor

Fieldwire

If you decide to start your own subcontracting business, you’ll be able to reap many of the most significant benefits of working as a general contractor — like greater flexibility in job hours and scheduling. You’ll need to purchase your own health insurance and you won’t receive paid sick or vacation days. Schedule a Demo

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Viewpoint: The Case for Neutral, Third-Party Schedulers | ENR.

ENR Construction

Survey Schedule. Viewpoint: The Case for Neutral, Third-Party Schedulers. I was recently asked to participate in a debate on scheduling specifications at Stanford University. A representative from the contractor sponsoring the conference would take the position that most scheduling specifications were onerous or unnecessary.

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Top OSHA Violations in Construction (2021)

Levelset

The much bigger cause for financial concern is workers’ compensation insurance. Workers’ compensation insurance. Because construction is a dangerous industry, workers’ compensation insurance is expensive even without an OSHA violation on your record. Schedule delay. Contract breach es. Compliance cost. Learn more.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Built-in AIA billings, time and material and unit price billings, project management, equipment tracking, service dispatch, scheduling and dashboards for specific performance reporting are just a few of the other perks that construction-specific systems can offer. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Know the Contract and Budget. Before work begins, understand fully what you’ve contracted to do by carefully reviewing the contract at hand. Also make sure your project managers understand the contract language fully. If costs are going up faster than contract value, determine why. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. The problem with that is that sometimes critical information gets missed — especially when it comes to construction projects — and it can impact schedules and bottom lines. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.