Construction Dive

MARCH 24, 2020

By continuing construction on sites that aren't critical for a community's wellbeing, companies are putting their people at risk in favor of schedule and profit, writes New York-based superintendent James Lang.

New York 127

New York Profitability Schedule Risk 127

Job Order Contracting

MAY 6, 2022

Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. Budget and Schedule. Construction Management at Risk in Health Care Projects. Developing Contract. Developing Parties. Decision Structure. Clarity of Goals. Resources & Facilitation. Team Alignment.

Procurement 221

Procurement Plans Construction Life Cycle 221

Construction Marketing

MAY 17, 2023

For instance, a landlord who buys the property being constructed and is using property management software will likely have to schedule contractors a lot of the time if the construction is poor, to begin with. Modern customers look for construction partners who can complete jobs on schedule, on budget, and to the highest quality standards.

Innovation 254

Innovation Construction Safety Budgeting 254

Autodesk Construction Cloud

JULY 13, 2021

Even TradeTapp ingests data to compare subcontractor risk levels and proactively mitigate against project risk. We spoke with Michael Murphy, Digital Construction Operations Manager at BAM Ireland, to understand how Construction IQ is helping to drive safer, higher-quality projects for its teams with less risk.

Risk 52

Risk Construction Autodesk Safety 52

Viewpoint Construction Technology

OCTOBER 25, 2017

When profit margins are thin, it doesn’t take much to wipe out a project’s financial benefits. Insights from all this information could increase profit and productivity and reduce time, errors, and material waste. Scheduling, planning, and collaboration optimization. Risk management.

Risk 209

Risk Schedule Profitability Viewpoint 209

Autodesk Construction Cloud

JULY 13, 2023

While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. And while profit margins in construction are notoriously tight (4-6%), there are steps you can take to increase your profitability without compromising the quality of your work.

Profitability 98

Profitability Risk Construction Autodesk 98

Lets Build

FEBRUARY 24, 2023

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed 2023 also brings more unpredictability for company execs and project managers, making managing schedules, budgets, and timelines challenging. followed us into 2023.

Industrial 148

Industrial Construction Profitability Budgeting 148

Autodesk Construction Cloud

DECEMBER 12, 2021

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Similarly, although basic construction project metrics concern costs and time, profit isn’t the only performance issue to measure. A safer site incurs less risk and long-term costs.

Profitability 52

Profitability Products CFMA Construction 52

Lets Build

FEBRUARY 3, 2023

Free eBook: Quick guide to Lean practices for construction professionals 7 ways to minimise the impacts of construction inflation As inflation continues to affect the construction industry worldwide, we must find ways to counteract it or risk losing our already slim profit margins. Communication needs to happen at every level.

Construction 148

Construction Materials Risk Management 148

Autodesk Construction Cloud

DECEMBER 31, 2021

And with good reason: the right insights can improve everything from project cost and timeline accuracy to reducing the risk of lawsuits and disputes, and even winning more business. Or implementing new safety training to mitigate worker injury risk You can then use that knowledge to anticipate and better manage risk for future jobs.

Risk 52

Risk Management Construction Autodesk 52

Lean Construction

MAY 27, 2020

Among a myriad of other benefits, removing waste from the process drives greater profits, reduces risk, improves safety, shortens schedules, and improves relationships. The Lean Movement is gaining popularity in the construction world, and with good reason–it's about cutting out waste and increasing value-added activities.

Profitability 55

Profitability Schedule Risk Construction 55

Autodesk Construction Cloud

JULY 13, 2023

While bringing in large projects and generating revenue is essential, it's equally important to manage profit effectively and ensure healthy margins. And while profit margins in construction are notoriously tight (4-6%), there are steps you can take to increase your profitability without compromising the quality of your work.

Profitability 52

Profitability Risk Construction Autodesk 52

Lets Build

AUGUST 5, 2022

Better planning and scheduling. Inefficient scheduling is one of the largest reasons why construction professionals see productivity loss on the job site. That productivity loss takes the form of things like scheduling workers before their role is needed or scheduling them in congested areas, resulting in inefficiency all around.

Construction 78

Construction Schedule Plans Organization 78

Autodesk Construction Cloud

SEPTEMBER 22, 2023

CS601240 | Making Your Construction Schedule Actionable Workplans are at the center of every construction project, and are key to understanding how value is going to be delivered to the customer. Yet, they tend to exist in isolation, disconnected from the rest of project information and the master schedules from which they are derived.

Autodesk 102

Autodesk Las Vegas Modeling Schedule 102

Construction Marketing

JANUARY 25, 2023

This includes creating a detailed project schedule, budget, and phasing plan. A general contractor is usually in charge of managing the construction process and coordinating all aspects of the project, including scheduling, budgeting, and overseeing the work of subcontractors.

Commercial 210

Commercial Leases Regulation Finance 210

Lets Build

MAY 11, 2022

A general allowance for risk. Every construction project requires planning the work and creating and maintaining schedules, and it’s not possible to assign all of these prelim costs to just one work section. You also have to consider the added costs for reporting on the schedule progress as required by the owner. Site security.

Contract 144

Contract Construction Site Accounting 144

Lets Build

AUGUST 4, 2023

Here are the key features to consider: Scheduling : Every project requires a schedule to ensure every task is completed on time. A scheduling feature is vital to prioritize tasks and stay in control of the project. As such, it’s vital to pick a solution that offers the ideal features that support your workflows and processes.

Software 78

Software Software Construction Budgeting 78

Construction Marketing

JANUARY 17, 2023

However, you risk having an excessive system if a commercial solar array is sized based on current power usage and energy efficiency later improves. . It protects you from frauds who might harm the integrity of your commercial building and put you at risk during and after the installation of the solar panels. .

Commercial 284

Commercial Electrical Permits Inspections 284

Autodesk Construction Cloud

JULY 12, 2022

Preconstruction planning gives all stakeholders the opportunity to get on the same page to discuss the crucial project details—including objectives, design, schedule, budget, etc. This mitigates risk and uncertainty, ultimately increasing the chances of a successful and well-executed project. . Maximizes Profit.

Plans 52

Plans Documentation Schedule Risk 52

Viewpoint Construction Technology

MAY 14, 2019

The most common contractor errors and how to avoid them to keep your construction projects safe, productive and profitable. Staying proactive during projects by recognizing pitfalls and taking appropriate steps to avoid them limits accidents, ensures budgets and timelines remain on schedule and creates a more positive work environment.

Contractors 287

Contractors Software Software Accidents 287

Autodesk Construction Cloud

AUGUST 11, 2021

So, when it comes to an industry as complex as construction—where maximizing profit and minimizing risk is the goal—accurately forecasting cash flow throughout a project’s lifecycle is essential. For example, some teams lean on reports from their ERP system, then look at buy-out logs and compare against schedule projections.

Cash Flow 52

Cash Flow Forecasting Autodesk Construction 52

Autodesk Construction Cloud

APRIL 5, 2022

2 Better documentation reduces the risk of costly rework. Right from the outset, IDD reduces the risk of rework. 3 Greater access to information reduces waste and increases profitability. Having to complete work for a second time is frustrating and costs money—money that comes straight off the bottom line.

BIM 130

BIM Documentation Risk Profitability 130

Lets Build

AUGUST 4, 2023

Here are the key features to consider: Scheduling : Every project requires a schedule to ensure every task is completed on time. A scheduling feature is vital to prioritize tasks and stay in control of the project. As such, it’s vital to pick a solution that offers the ideal features that support your workflows and processes.

Software 78

Software Software Construction Budgeting 78

Levelset

MAY 23, 2022

As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong.

Insurance 97

Insurance Contractors Construction Claims 97

Fieldwire

MARCH 5, 2024

Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. CONSTRUCTION SCHEDULING SOFTWARE Easy construction project scheduling with Fieldwire Learn more → 2. They can help you economize in every area, finish the job on schedule and get paid ASAP.

Budgeting 52

Budgeting Budget Estimating Bidding 52

Cassell Construction Estimating

JULY 14, 2015

Cassell Consulting is partnering with Procore in developing their generic public API, also scheduled for August release. This real time data and accessibility minimizes costly risks and delays—ultimately boosting profits. Procore Technologies, Inc. provides cloud-based construction software to clients across the globe.

ProCore 100

ProCore Sage Consulting Estimating 100

Autodesk Construction Cloud

AUGUST 1, 2023

While the primary purpose of an RFI is to reduce the need for time-consuming and expensive rework, the process itself is time-consuming and negatively impacts schedules and budgets. Preconstruction offers the biggest opportunity to reduce or eliminate wasteful processes and de-risk a project. On average, there are 9.9

Construction 96

Construction Autodesk Schedule Design 96

Construction Business Owner

SEPTEMBER 9, 2022

Having a storehouse of supplies will also help keep your projects on schedule. In more stable economic times, working solely in these areas is a profitable advantage, but, in times like these, the costs can become a major issue. In that case, the risk would be worth the reward.

Management 296

Management Industrial Construction Materials 296

Autodesk Construction Cloud

FEBRUARY 1, 2022

While a project’s ultimate goal is a successful completion, the steps it takes to get there are critical to profits and project’s life cycle. By choosing the right one for your project, overall risk can be reduced, and budget and schedule can be better managed. Risks: exposure to danger, financial loss and harm to the brand.

Risk 52

Risk Schedule Design Budgeting 52

Viewpoint Construction Technology

APRIL 24, 2019

Soule are using BI technology to dramatically improve productivity and profitability. The larger the job, greater the amount of data and potential for unplanned costs and risks. Endless Opportunities for Today and Tomorrow.

Construction 184

Construction Software Software Contractors 184

Levelset

SEPTEMBER 28, 2022

Release schedule : Weekly. Release schedule : Weekly. Release schedule : Weekly. Release schedule : Weekly. Release schedule : Every weekday. Release schedule : 3x/month. Hosts Davis Hambrick and Walker Lott talk their listeners through career paths, growth, and strategies in episodes of Laying Foundations.

Construction 52

Construction Schedule Safety Industrial 52

Autodesk Construction Cloud

SEPTEMBER 26, 2023

If you can do it there, you can start removing a lot of the wasted effort that happens downstream, which has cost and schedule implications." You make or break your profit margins in preconstruction," remarks Sid. You can really do a lot more to de-risk projects and avoid potential safety incidents.

Construction 64

Construction Risk Industrial Site 64

Pro Builder

AUGUST 24, 2022

With an unending opportunity of work currently drowning builders, scheduling a construction job has arguably become harder now than ever before. . And once scheduled for delivery, scheduling trades to install them is made easier and has a multiplying impact on productivity and the job timeline. .

Materials 98

Materials Schedule Products Profitability 98

Autodesk Construction Cloud

FEBRUARY 15, 2023

Elimination of waste: Targets eight major types of waste Work process flow: Creating a continuous, predictable workflow Pull planning and scheduling: Communicate and collaborate to plan tasks Continuous improvement: Identify ways to improve in current and future projects What makes Lean Construction different? Develop Your Schedule Next up?

Construction 85

Construction Schedule Plans Products 85

Levelset

MARCH 16, 2022

Once the project owner selects a contractor, they’ll draw up contracts and the general contractor will start scheduling subcontractors and applying for the appropriate permits. This breaks down into a few main areas: the job scope, the budget, and the schedule. Financial risks to contractors during performance and monitoring.

Lien 52

Lien Construction Budgeting Budget 52

Levelset

SEPTEMBER 22, 2022

By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. Here’s an overview of eight of the top safety and health hazards in construction — and some preventive measures you can take to avoid these risks. . of all deaths in the construction industry. .

Safety 52

Safety Injury Risk Construction 52

Levelset

MARCH 11, 2022

In addition, they make less per project and ultimately end up with too little profit, if any, to grow. Change orders inevitably increase costs , and schedule delays eat into the project’s budget. The average pre-tax net profit for general contractors is between 1.4 And guess what? Low Bidding Impacts Contractor Cash Flow.

Bidding 98

Bidding Cash Flow Contractors Procurement 98