Construction Business Owner

MARCH 14, 2024

2024 Construction Costs Open Forum Now On Demand Expert Insights on Navigating Construction Market Volatility mhodges Thu, 03/14/2024 - 14:58 If there’s one constant in the construction industry, it’s the fact that material costs and labor rates are constantly in flux. This time, we’ve dedicated extra time to answering your questions.

Construction 358

Construction Maine Materials Industrial 358

BD+C

OCTOBER 26, 2020

After a relatively soft investment year in 2020, spending on data center infrastructure globally is expected to rebound strongly next year, by 6% to $200 billion, according to the market research firm Gartner.

Infrastructure 128

Infrastructure Construction 128

Pro Builder

NOVEMBER 19, 2021

Housing Market Data and Predictions. House price growth appears to be slowing and lending is solid, but unless inventories increase, buyers will struggle to find affordable housing on the market. . And the data matched my story. Market Data + Trends. Housing Markets. Market Data + Trends.

Housing 52

Housing Inventory Finance Sustainability 52

Pro Builder

APRIL 20, 2023

Read more Market Data + Trends Housing Markets Market Data + Trends Existing, single-family home sales totaled 281,050 in March 2023 (seasonally adjusted annualized rate), which was down 1% from February and, more significantly, down 34.2% from March the previous year.

California 52

California Housing Contract 52

Job Order Contracting

JANUARY 30, 2024

The preference for locally researched construction cost data over RSMeans national average cost data depends on the specific context and project requirements. Up-to-Date Information: Local data may be more current and reflective of the latest market conditions, as it can be updated more frequently than national averages.

Estimating 187

Estimating Accounting Resource Organization 187

Job Order Contracting

AUGUST 15, 2023

Construction Cost Data Integrity is one of the most overlooked items in preparing a detailed Scope of Work. 2 Current, Local Market Information All construction cost data should be researched per the associated cite. 2 Current, Local Market Information All construction cost data should be researched per the associated cite.

Construction 204

Construction CSI Architecture Procurement 204

ENR Construction

NOVEMBER 18, 2020

Bitcoin mining and data centers are driving a market for conversions and construction, but maybe only temporarily.

Construction 77

Construction 77

Job Order Contracting

MAY 27, 2023

LOCALLY RESEARCHED & Up to Date Unit Price Construction Cost Data available exclusively from 4BT (Four BT, LLC)! Line item cost data representing local market conditions. No use of location factors or economic factors – actual local market labor, material, and equipment costs.

CSI 195

CSI Construction Equipment Materials 195

Job Order Contracting

MAY 24, 2023

Failure to use granular, current, and well organized construction cost data specific to the local market. via 4BT.us – Verifiable local market granular construction cost data and support program and estimate management technology. The post Poor Construction Estimates – Root Cause appeared first on 4BT.

Estimating 200

Estimating Construction Organization Management 200

Job Order Contracting

APRIL 26, 2024

An essential aspect is sharing objective, local market, granular labor, material, and equipment costs. To efficiently share cost information, organize data in a standard architecture, such as expanded CSI MasterFormat, and use industry standard terms, definitions, and units of measure. Check it out!

Industrial 177

Industrial CSI Estimating Construction 177

Job Order Contracting

DECEMBER 4, 2023

Non Residential / Commerical Construction Stats 2023 Via 4bt.us – Objective, verifiable, local market construction cost data and integrated project delivery solutions. contact-form] The post Non Residential / Commerical Construction Stats 2023 appeared first on 4BT.

Residential 199

Residential Construction 199

Job Order Contracting

JANUARY 18, 2024

via Four BT, LLC – Objective, local market granular cost data to enable cost visibility and cost managment for repair, renovation, maintenance, and new construction. Non-residential construction costs declined again for the third month in a row. Although costs remain 1.6%

Commercial 213

Commercial Construction Renovating Residential 213

Construction Business Owner

OCTOBER 25, 2022

The fall 2022 Civil Quarterly, published by Dodge Data & Analytics in partnership with InfoTech and Hexagon, has data that shows remarkable growth in many on-site technologies in just a two-year time span. This growth is part of a larger trend toward digital transformation, and it is in direct response to the market conditions.

Deals 296

Deals Site Contractors 296

Job Order Contracting

MAY 8, 2023

current local market labor, material, and equipment costs – updated quarterly. Better estimates. Verifiable. appeared first on 4BT.

Estimating 246

Estimating CSI Security Organization 246

Job Order Contracting

NOVEMBER 28, 2023

A critical component of Integrated Project Delivery is objective, verifiable, granular local market cost data and and associated and an associated detailed scope of work (SOW) fully communicated with and agreed to by all participants and stakeholders. and clearly demonstrated obvious benefit, the process has not been maximized.

Procurement 196

Procurement Renovating Materials Environment 196

Job Order Contracting

SEPTEMBER 18, 2023

A knowledgeable and well-trained estimating team is a key component along with a robust processes, procedures, a objective and granular local market construction task data. #1 Each construction task should be unique and identifed by using a standard data architecture (i.e. expanded CSI Masterformat ). #5

Estimating 201

Estimating Construction CSI Compensation 201

Job Order Contracting

AUGUST 22, 2023

Characteristics of Best Value JOB ORDER CONTRACTING… Real proper owner capability, leadership, commitment, and accountability Integrated internal and external planning, procurement, and project delivery teams within a standardized programmatic process Clear set of objectives and workflows for the all aspects of the programmatic process – (..)

Contract 200

Contract Procurement Agreement Accounting 200

Construction Marketing Ideas

MARCH 20, 2018

The architectural, engineering and construction community almost never leads the way in marketing trends. In the case of data-driven micro-targeted marketing, this may be a good thing.

News 54

News Architecture Engineering Construction 54

Construction Business Owner

APRIL 12, 2023

CDT Construction companies have little to no control over the cost of materials or the state of the labor market. Fragmented data and poor communication are wreaking havoc on the productivity of builders. However, how you manage projects is entirely under your control.

Products 295

Products Plans Indianapolis Construction 295

Job Order Contracting

DECEMBER 1, 2022

Improving capital facility planning requires the integration of robust, local market cost information. contact-form] The post How to better incorporate cost data into capital facility planning appeared first on 4BT.

Plans 225

Plans Renovating Budgeting Budget 225

Job Order Contracting

JULY 26, 2023

National Average Cost Data inaccurately estimates project costs and the use of location factoring or economic factoring are insufficient to rectify the issue. Current, actionable, and verifiable local market detailed unit price costs are now available. Leverage local market cost data.

Estimating 130

Estimating Sustainability Management Construction 130

Job Order Contracting

AUGUST 4, 2023

MOST Construction Cost Data is Useless due to archaic research methods and cannot provide cost visibility or enable cost managment capability for local markets. Robust Construction Cost Data Research 1. Timely updates – Data must be update quaterly at minimum. Organization using expaned CSI Masterformat.

CSI 114

CSI Construction Overhead Profitability 114

Job Order Contracting

NOVEMBER 4, 2022

An Efficient Approach to Facilities Sustainment requires the Integration of Planning, Procurement, and Project Delivery Teams, a robust programmatic process, and a common data environment inclusive of locally researched granular cost data. Structure process around current, locally market granular cost and technical data.

Procurement 244

Procurement Sustainability Plans Resource 244

Construction Business Owner

SEPTEMBER 7, 2023

Gain a data-driven understanding of the challenges posed by unpredictable material, labor and equipment costs as well as the impact of global supply chain constraints and increased demand for materials and labor.

Industrial 293

Industrial Construction America Maine 293

Job Order Contracting

MAY 21, 2022

Effective construction cost estimating must be done at a detailed line-item level using local market data. Learn more? contact-form] The post Effective Construction Cost Estimating appeared first on 4BT.

Estimating 231

Estimating Construction 231

Job Order Contracting

AUGUST 15, 2023

Most public sector organizations do not use local market, verifiable, and granluar cost data to establish a construction cost estimate. Instead, reliance upon contractor quote, historical costs, and/or national average cost data and locationg factoring is the norm. Solution? #1 appeared first on 4BT.

Procurement 130

Procurement CSI Construction Organization 130

Construction Equipment

JUNE 9, 2016

OEM Data Delivery, makers of rugged, custom and wireless data delivery and management systems for the off-highway market, and Multiforce Systems Corporation, a software designer for fleet fuel control, have announced their partnership for the FuelForce custom-designed feet fuel management system that tracks and authorizes fueling transactions.

Software 48

Software Software Management Products 48

Job Order Contracting

MARCH 26, 2023

Robust Process, Integrated Teams Defined Workflows Validate Cost Data Robust tools and support services are now readily available to support all these foundational requirements. The proper use of data is a prerequisite to consistent positive outcomes. Preconstruction Preconstruction planning is critical to any project.

Management 218

Management Procurement Forecasting Change Orders 218

Job Order Contracting

MAY 11, 2023

Simply applying quantities to line items that reflect local market conditions labor, material, equipment, and productivity is a proven path towards cost visibility and improved cost management. Using a standard data architecture (expanded CSI MasterFormat) and industry standard terms and definitions is also critical to information sharing.

Contractors 159

Contractors CSI Estimating Architecture 159

Job Order Contracting

JULY 24, 2023

The ONLY cost estimating solutions with C URRENT, LOCAL MARKET, LINE ITEM construction cost data! Estimate FASTER and with CONFIDENCE! contact-form] The post Take CONTROL of your CONSTRUCTION COST ESTIMATING appeared first on 4BT.

Estimating 131

Estimating Construction 131

Job Order Contracting

MARCH 23, 2022

A significant amount of time and experience is needed to develop a verifiable unit price cost database that reflected local market conditions and can be easily used and maintained. Construction Cost Data.

Construction 219

Construction Procurement Renovating Change Orders 219

Job Order Contracting

NOVEMBER 7, 2023

FM – 2023 and Beyond 1) Owner Leadership, Commitment, & Accountability 2) Integrated Planning, Procurement, and Project Teams, Processes, and Workflows 3) Standards and Guidance – Shared Objective, Granular, Local Market Construction Task & Cost Data, Expanded Masterformat, Expanded UNIFORMAT 4) Frameworks and Contracts Focused (..)

Procurement 169

Procurement Renovating Education Accounting 169

Job Order Contracting

JULY 26, 2023

Objective, current, and verifiable data and a robust collaborative workflow form the foundation of a successful JOC Program. Objective, quantitative cost data that represent local market conditions cannot be found within national average cost data books, city cost indexes, or historical cost data.

Overhead 131

Overhead Profitability Foundation Estimating 131

BD+C

DECEMBER 9, 2020

Even before the coronavirus spread worldwide, data centers were emerging as a growth sector of choice for investors. And with a pandemic-spurred surge in Internet use and outsourcing services to the cloud, data centers have established their standing as an investment “hot ticket.”.

Construction 105

Construction 105

Job Order Contracting

AUGUST 26, 2022

They don’t embed robust programmatic frameworks and current verifiable granular local market task data. . “Procore”, “Revit”, (insert any tech) are not solutions. Learn more… [contact-form]. The post Construction Productivity Solutions appeared first on 4BT.

Products 226

Products ProCore Construction Procurement 226

Construction Marketing Ideas

JULY 10, 2016

Google Analytics data for our newest website, newyorkconstructionreport.com. It’s powerful and effective — but this type of data will be only partially useful in assessing marketing campaigns for large AEC projects. With these numbers, you simply don’t have enough data points for statistical significance.

Contract 48

Contract Statistics Contractors Residential 48

Construction Marketing Ideas

JULY 17, 2016

Judy Huval, president of Benchley Design, has provided some worthy insights and tools to capture value from online data in AEC marketing. Judy Huval , president of Benchley Design, has provided a thoughtful comment to my earlier posting on the limits of data in AEC marketing.

Statistics 48

Statistics Engineering Profitability Architecture 48