Building Radar

AUGUST 22, 2024

Efficient procurement of construction materials is crucial for the success of any construction project. From managing costs to ensuring timely delivery, the strategies employed in procurement can significantly impact both the budget and the timeline of a project. Key Strategies for Optimizing Procurement 1.

Procurement 52

Procurement Materials Construction Forecasting 52

Job Order Contracting

MARCH 22, 2018

Manage estimates, budgets and forecasts. Accurately estimate and manage LEAN construction programs and associated renovation, repair, and minor new construction projects. Clearly communicate work and project scope, deliver detailed line item estimates, and maintain operational efficiency and compliance.

Contract 100

Contract Estimating BIM Forecasting 100

Job Order Contracting

AUGUST 19, 2016

Properly designed and implemented Job Order Contracts can deliver 96% of projects with satisfactory results, a level unmatched or even approached by traditional construction delivery methods. Faster project delivery, financial transparency, and less required project management are additional benefits provided by JOC.

Renovating 100

Renovating Life Cycle Contract Estimating 100

Building Information Management

JUNE 22, 2015

The article also introduces the use of Performance Based Procurement System (PBPS) to set a “minimum performance” requirement and improving the performance of the JOC process. Construction tasks not included in the unit price book may be negotiated. Introduction. A facility owner may award more work to a performing JOC.

Contract 40

Contract Arizona Bidding Procurement 40

Autodesk Construction Cloud

JANUARY 19, 2022

To successfully grow, construction firms need to effectively manage cash flow to procure materials, pay vendors and salaries, fund new projects, and finance other day-to-day business operations. Having the ability to visualize updates in real-time allows for better planning and more accurate forecasting.

Cash Flow 59

Cash Flow Management Profitability Change Orders 59

ProcurementExpress.com

JULY 15, 2019

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.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

Let’s take a look: [content_upgrade cu_id=”4502″] Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know[content_upgrade_button]Click Here[/content_upgrade_button][/content_upgrade]. There’s a lot to be said about the impact automation can have on processes like accounts payable, procurement , and more.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52