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3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Effectively managing cash flow is critical for contractors’ success. Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Create Rolling Enterprise Cash Flow Forecasts.

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Actionable Construction Cost Data

Job Order Contracting

Forecasting cost of future projects. Compliance and Risk Mitigation. 4bt.us – Unlike other cost databases available, 4BT construction cost data includes locally researched labor, material, and equipment costs not national averages. Compliance and Risk Mitigation. Actionable cost data is critical for successful ….

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A Guide to Making Winter Your Best Construction Season

Safety Services Company

This guide explores essential safety practices and certifications to equip construction teams for a secure and productive winter work season. Follow the manufacturer’s instructions for warming up heavy equipment because hoses and electrical wires can become brittle in cold temperatures.

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Escalation: Predicting project costs in a volatile market

BD+C

Escalation: Predicting project costs in a volatile market 0 qpurcell Mon, 06/03/2024 - 12:26 Construction Costs Thad Berkes, Chief Cost Estimator, Design Collaborative, shares that one of the major hurdles that Design Collaborative attempts to forecast for its commercial construction projects is escalation.

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4 Positive Impacts Asset Management and Maintenance Have On Your Construction Business

Fieldwire

Preventive monitoring and maintenance is crucial to improving the equipment life and eventually sparing you time and cash. Budget Tracking and Forecasting Accuracy. Some construction companies are unsure of when they purchased a certain piece of equipment, much alone when it was last serviced. Managing Safety Hazards and Risks.

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Top 10 Contractor Mistakes

Viewpoint Construction Technology

We’re seeing wearable, connected safety equipment to monitor things like heart rate, heat and stress levels and more. Meanwhile, using cloud-based project and field-management software , crews can ensure safety collaboration is achieved, all proper steps are followed, and it all gets documented in one place.

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Data Analytics Trends in Construction

Viewpoint Construction Technology

Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Reducing Risk and Increasing Safety.