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Procurement Negotiation Strategies in Construction: Maximizing Value and Reducing Costs

Building Radar

Effective procurement negotiation strategies are crucial for success in the construction industry. From securing high-quality materials at competitive prices to establishing strong relationships with suppliers, procurement teams have a significant impact on the overall cost structure of a construction project.

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Persimmon targets subcontractors in cost-cutting drive

Construction Enquirer

Persimmon is looking to retender subcontractor packages more regularly as it looks to “share the cost pressures in this new challenging environment.” Group Chief Executive Dean Finch said said: “We are reviewing our subcontractor pricing on a more frequent basis to identify opportunities to secure increased savings.

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Legalized Marijuana: Opportunities and Impact for Commercial Real Estate and Construction

HardHatChat

That means companies that want to be among the first to open in the market need to start now to not only get licensed, but also negotiate lease deals, enlist their construction partner and start building out their facility. Security, Mechanicals and More.

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Why is Skills Development Crucial for Achieving Success in Construction Sales?

Building Radar

By developing strong negotiation and interpersonal skills, sales teams can foster trust and long-term partnerships with clients, leading to repeat business and high-margin projects. As sales professionals develop these relationship-building skills, they become more proficient in handling complex negotiations and addressing client concerns.

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Win-Win Scenarios for Residents and Property Managers

BD+C

However, with managed WiFi, the property takes charge and negotiates a lower bulk rate with the Internet Service Provider (ISP), effectively undercutting the cable company. For most residents, this dynamic translates into a heightened sense of community, empowerment, and overall satisfaction with their living environment.

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Digital Tools Revolutionizing Construction Procurement Management

Building Radar

This platform offers a comprehensive solution for identifying new construction projects at the earliest stages, enabling businesses to secure lucrative contracts by positioning themselves as first movers. This process allows for higher efficiency and a greater win rate for procurement managers and construction firms.

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With Inflation, How Can We Help Construction Costs Stay Down?

Fieldwire

It enables you to mitigate security threats, safety hazards, equipment damage and even human error. You can use connected sensors and actuators to monitor every aspect of the built environment, including the conditions of your tools and equipment. While the cost of rework hovers around 2.4%–12.4%