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Living in a Materials World

Viewpoint Construction Technology

But along the way, those material costs can start to add up, especially if the materials aren’t procured and managed properly. For instance, many projects require the use of selected materials only and limit certain types of materials or additives. Not any longer.

Materials 205
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How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. The problem is that supers and project managers often skip out on daily reporting or breeze through the steps. Compare Contract Terms to What Actually Happens on the Job Site.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account.

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How to Get Your Supers to Actually Fill Out Daily Reports

ProcurementExpress.com

These documents contain a wealth of information, providing insights that can inform future contracts, estimates, and inventory management. . The problem is that supers and project managers often skip out on daily reporting or breeze through the steps. Compare Contract Terms to What Actually Happens on the Job Site.

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account.

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Facilities Operations & Maintenance Management

Job Order Contracting

Defined work flows, data formats, and technologies which enable experiences with the principles and techniques of state of work definition, cost estimating, project management, and performance analysis to be reported, discussed, documented, and reused. Capital planning and management. Construction project delivery methodology.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

While cash flow problems can come from several different sources, review the list below for three strategies that construction companies can use to improve their cash flow management process, thus freeing up more working capital and reducing those unpredictable highs and lows that have long been hallmarks of the biz. Embrace Automation.