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Top 5 Challenges for Construction Project Managers

Fieldwire

In this guest blog post for Fieldwire, Patrick Hogan explains five common challenges project managers face on construction projects. 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.

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Understanding the Performance and Monitoring Phase of Construction

Levelset

First, the designer or architect will start checking on the project more regularly to ensure that the actual construction meets the plan and design. Constant monitoring of the team’s progress allows project managers and GCs to shift quickly whenever a change or issue occurs. How long does it last? Learn more.

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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. In general, EPCs that successfully realized investment returns typically invest through an independent financing arm. It may be time to revisit the financing model again.

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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

Historically, accounting and IT departments have managed enterprise resource planning (ERP) environments and forced project management teams to make these solutions work for operations. ERPs can be configured to meet the needs of accounting teams, and their on-prem deployment allowed IT to control accessibility.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

If you don’t have a centralized document management system in place that lets you know where they are at all times then they’re long gone, along with the clipboard you had them on. If you can’t locate any of these items at closeout, you could be in for a serious headache when you should be celebrating a successful project.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. The only thing you know is your old boss was a terrible business manager and anyone could do better than that. Lien Waiver - Do not ever give a lien waiver in advance of the check clearing the bank. You say O.K.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? The only thing you know is your old boss was a terrible business manager and anyone could do better than that! You say O.K. This is getting extremely stressful.