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Understanding the Performance and Monitoring Phase of Construction

Levelset

During this first phase, pre-construction , the project owner will consult with an architect or design firm about an idea or plan. The designer will then help the project owner flesh out their ideas, determine a preliminary budget and timeline, and even assist the project owner in determining whether or not the project is feasible.

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Top 5 Challenges for Construction Project Managers

Fieldwire

Patrick is the CEO at Handle.com which builds software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster. Many project managers also sometimes face struggles ensuring consistent communication with the finance and sales departments due to scheduling.

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The Hurdles of Assessing Credit in Construction — and How Experts Overcome Them

Levelset

Additionally, Dudley notes that she sees an issue with companies lacking credit approval policies and processes as well as failing to take advantage of credit reports, saying that, often, many companies are not proactive enough: “They have no idea who they are doing business with until something goes wrong.”. Ask the contractor for evidence.

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The Preconstruction Phase: Understanding the Process & Risks

Levelset

Preconstruction is the initial stage of a construction project where an idea starts to become a reality. While neither of these is final, they do provide the customer with an idea of how much the project will cost and when they can expect compilation. Plans are deemed unfeasible, or the developer may have trouble getting financing.

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Contractors May Benefit by Taking Equity in the Project They are Constructing

Construction and Infrastructure Law

While the construction company’s management was great at operating the construction business, it was not so great when it came to the financing business. So the idea went out of fashion. But maybe it is time to revisit the idea. Samsung C & T and AECOM have successfully invested through an affiliated financing arm.

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40 Best Construction Podcasts in 2022

Levelset

Podcasts are now an essential medium for sharing information, and experts across the construction industry share their wisdom every day with listeners interested in growing a construction business, learning about the latest construction trends and technology, and building their understanding of construction law and finance. The Lien Zone.

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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

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