Construction Business Owner

NOVEMBER 7, 2023

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.

Risk 355

Risk Insurance Construction Security 355

Construction Business Owner

DECEMBER 27, 2021

In its early stages, the coronavirus pandemic forced dozens of major cities and even entire states to put a hold on construction to reduce the spread of COVID-19. While the moratorium has lifted, supply chain logjams in the construction market continue to drive up the cost of materials.

Commercial 434

Commercial Materials Construction 434

Job Order Contracting

JUNE 23, 2023

Alliance construction delivery is process in which significant cost reduction, shorter project timelines, and high quality can be achieved through sharing information, making joint decisions, and sharing benefits that otherwise could not be possible via traditional methods.

Construction 200

Construction Risk 200

Job Order Contracting

AUGUST 22, 2023

A robust preconstruction process mitigates risk, virually eliminates change orders, ensures regulatory compliance, provide cost transparency, reduces project delivery times, and overall construction costs by 30%-40%+ vs. traditional methods. #1. 6 Objective, granular, locally researched construction task and cost data.

Procurement 192

Procurement Change Orders Accounting Risk 192

Construction Business Owner

DECEMBER 9, 2021

In the construction industry, building information modeling (BIM) plays a central role in leveraging data from both building models and company processes to dramatically improve decision-making capabilities, establish more efficient workflows and reduce design and building errors and cost overruns.

Modeling 375

Modeling BIM Industrial Design 375

Job Order Contracting

JUNE 8, 2023

Leveraging JOC as a SYSTEM not simply a Procurement Tool provides significantly greater benefits while also reducing costs. Many, if not most, current Job Order Contracting Programs simply use JOC to speed the procurement of repair, renovation, maintenance, or new construction activities.

Procurement 195

Procurement Contract Renovating Consulting 195

Job Order Contracting

APRIL 2, 2024

FEDRAMP is a clear create a barrier to entry for smaller businesses, reducing competition and innovation in the market. Challenges for Small Businesses: Costs: Achieving FedRAMP compliance is cost prohibitive for most small businesses. Resource Intensity: Compliance requires a significant investment of time and manpower.

Innovation 143

Innovation Products Security Construction 143

HardHatChat

FEBRUARY 14, 2024

As anyone in the commercial construction industry knows, reliable, responsive, and skilled subcontractors are the lifeblood of our business. We believe it enhances our project outcomes, mitigates risks, and supports the overall success of our national construction business. Believe me, it takes some trial and error.

Commercial 295

Commercial Construction Schedule US 295

The Constructor

JUNE 22, 2022

Interest rate hikes make construction projects more expensive because the cost of construction materials increases. It also reduces the profit as the.

Profitability 188

Profitability Industrial Construction Materials 188

Job Order Contracting

FEBRUARY 9, 2022

Traditional construction procurement methods can endanger building safety, while an integrated, less adversarial approach can consistently improve safety and quality, while significantly reducing cost and delivery time. Remember…Traditional construction procurement methods can endanger building safety!

Procurement 232

Procurement Safety Construction Contract 232

Construction Business Owner

FEBRUARY 5, 2020

6 Best Practices for Reducing Fleet & Operations Costs. 6 tips for saving money on your construction fleet's equipment costs. Elizabeth Manning. Wed, 02/05/2020 - 17:36.

Equipment 293

Equipment Construction 293

The Constructor

DECEMBER 16, 2022

The construction industry has used manual scheduling techniques for decades, but artificial intelligence (AI) is now revolutionizing construction scheduling. AI-based scheduling offers the potential to drastically reduce construction project delays and costs while improving the efficiency and accuracy of the scheduling process.

Schedule 195

Schedule Construction Industrial 195

Construction Marketing

APRIL 5, 2023

Different construction trends impact the demand and supply of real estate properties. In today’s post, we’ll give you an overview of REITs and examine specific construction trends and their impact on REITs. REITs can reduce operating costs and increase tenant demand by investing in green properties.

Income 216

Income Construction Equity Sustainability 216

Job Order Contracting

MAY 11, 2023

Objectively VALIDATE Contractor and Subcontractor Construction Cost Estimates Construction cost management capabilities are critical to the success of any repair, renovation, maintenance, or new build activity.

Contractors 159

Contractors CSI Estimating Architecture 159

Construction Marketing

APRIL 11, 2023

As in all walks of life, technology and innovation are changing the landscape of the industrial construction industry. With this in mind, keep reading for 5 innovative approaches to industrial construction project management in 2023. But it is also important to find ways to make the construction process itself sustainable.

Project Management 312

Project Management Innovation Management Industrial 312

The Constructor

DECEMBER 10, 2022

Filler slab technology is an innovative and cost-effective technology where the dead load of the slab is reduced by replacing the concrete with filler material. The fundamental concept behind the filler slab is that an RCC slab does not need concrete located in the slab’s lower half for its construction.

Materials 213

Materials Concrete Innovation Construction 213

Construction Dive

JANUARY 31, 2020

Contractors and other AEC professionals said that the building methods produced more accurate cost predictability and better scheduling.

Schedule 126

Schedule Contractors Construction 126

Contractor Bookkeeping

DECEMBER 22, 2023

Outsourcing can offer a range of advantages for small construction businesses in today's competitive market. Not only does it reduce costs and free up valuable time for owners to focus on growing their business, but it also provides access to skills and expertise that may be unavailable in-house.

Construction 115

Construction Accounting Contractors Housing 115

The Constructor

OCTOBER 21, 2020

The reuse of existing piles is an efficient way to reduce pile input-resources, construction costs, and the overall environmental impact by.

Foundation 241

Foundation Resource Construction Engineering 241

Job Order Contracting

AUGUST 15, 2023

Relationship-based Job Order Contracting Innovative, market tested solution Cost effective Leverages experience of design-builders Direct Owner/Design-Builder communication and collaboration – Owner PM & Design/Builder PM Comprehensive detailed scope of work construction proceeding prior to completion of the design documentation; Reduced (..)

Contract 166

Contract Change Orders Documentation Accounting 166

Construction Business Owner

DECEMBER 4, 2023

Project Protection 101: Exclusive Insights for Cost Challenges PCF Construction offers insight on current market construction risks, and how to take control. Project Protection 101: Exclusive Insights for Cost Challenges PCF Construction offers insight on current market construction risks, and how to take control.

Insurance 156

Insurance Risk Security Contractors 156

Job Order Contracting

OCTOBER 23, 2021

The innovative 4BT OpenBuild/OpenJOC(TM) Framework integrates planning, procurement, and project delivery to improve construction productivity. The post Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity appeared first on 4BT. contact-form].

Procurement 215

Procurement Innovation Products Plans 215

Job Order Contracting

MARCH 7, 2021

Reduced Procurement Time Reduced Demand for Project Management Improved Scope of Work Definition and Communication Cost visibility and transparency via locally researched detailed line item unit price book Shorter overall Project Delivery Time No fee charged as percentage of JOC construction value.

Contract 264

Contract Procurement Project Management Plans 264

Construction Business Owner

JULY 21, 2020

As a construction business owner, your needs grow and diversify, so it’s important to maintain a nimble fleet capable of taking on multiple projects. Tue, 07/21/2020 - 16:58.

Products 308

Products Design Construction 308

Job Order Contracting

FEBRUARY 4, 2022

Four BT, LLC (4BT) is redefining how public sector organizations plan, procure, and execute facilities repair, renovation, maintenance, and new construction projects. 4BT’s OpenJOC(TM) 4BT-PEP solution is a game changer and proven way to mitigate economic and environmental waste, while also reducing administrative burden and cost.

Contract 207

Contract Organization Procurement Renovating 207

Job Order Contracting

MARCH 5, 2021

Construction cost estimate validation is a process to determine the relative level of reliability. Any use of the work accuracy with the word construction estimate is simply foolish. Construction cost estimate validation is basically an objective risk analysis and assessment of information reliability.

Estimating 161

Estimating Construction Materials Risk 161

Job Order Contracting

SEPTEMBER 13, 2022

The 4BT-PEP is a turnkey JOC Program that delivers the highest performance at the lowest possible administrative cost. 4BT exclusively provides all of the following, without the need to pay a percentage of construction volume, which results in excessive cost and failure to meet public sector fiscal responsibilities.

Procurement 202

Procurement Subcontracting Contract Management 202

Job Order Contracting

MARCH 12, 2022

Powerful, yet easy-to-use job order contracting services and tools that simplify the JOC process and support best value repair, renovation, and new construction outcomes. JOC Construction Best Management Practices. • JOC Cost Estimating. • Reduce costs. JOC Procurement Processes. • PROCESS & DATA MINING.

Contract 211

Contract Procurement Renovating Budgeting 211

Contractor Bookkeeping

DECEMBER 2, 2022

Cutting costs can be a quick and easy way to improve the profitability of your construction business. Introducing cost-control measures can bring immediate savings and ensure you remain profitable in the long term. But cost-control measures must be carefully managed.

Profitability 94

Profitability Construction Risk Contract 94

Job Order Contracting

AUGUST 24, 2022

Lack of direct Owner participation and leadership (versus using a third party intermediary/consultants) can result in higher overall costs, higher JOC Program administrative costs, lack of cost visibility and controls, and a potential for misuse/fraud. Measurably reduce economic and environmental waste.

Industrial 227

Industrial Procurement Comparison Plans 227

Job Order Contracting

OCTOBER 12, 2022

Unlike traditional systems, the 4BT-PEP integrated planning, procurement, and project delivery teams for repair, renovation, maintenance, and new builds, and reduces both administrative burden and overall costs. It also does NOT require a percentage of construction volume as a fee. Technical Specifications.

Procurement 242

Procurement Contract Management Renovating 242

Job Order Contracting

AUGUST 12, 2022

Any public sector real property owner can realize the above and reduce waste by 30% to 40% with a bit of leadership and commitment. LEAN CPD addresses the fundamental problems associated with the AECOO sector (architecture, engineering, construction, owner, operator/operations), which are 1.) lack of a robust process framework.

Procurement 220

Procurement Renovating Budgeting Budget 220

Job Order Contracting

APRIL 13, 2023

Don’t pay Percentage Fees: Do not pay a percentage of JOC construction value for JOC tools or services. While the cost impact seems low at first, hundreds of thousands of dollars to millions are wasted. #4. Factoring and indexing introduce significant cost errors and lessen both cost visibility and management capability.

Contract 220

Contract Organization Procurement Management 220

Job Order Contracting

MAY 4, 2023

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

Estimating 196

Estimating Construction Risk Documentation 196

Construction Cost Estimating

JULY 13, 2014

Prototype constructions are gaining popularity among the governmental entities in the United States. Prototype construction refers to a construction program and the model of it is based on replication. The design costs are reduced to a great extent due to onetime investment.

Construction 45

Construction North Carolina United States Estimating 45

Construction Marketing

MAY 17, 2023

The construction industry is undergoing a remarkable transformation as it embraces the digital age. Due to the quick adoption of new tools and technologies, keeping competitive and being successful in the current environment of the construction industry are now closely related to implementing technological innovations.

Innovation 254

Innovation Construction Safety Budgeting 254

Construction Marketing

MARCH 30, 2023

After all, no amount of high-grade construction can stand the test of time if it doesn’t survive its environment. Additionally, they should be low-maintenance, cost-effective, and readily available. This approach ensures quick building and dismantling, minimizing time spent in harsh environments and reducing damage or injury risk.

Environment 277

Environment Design Engineering Materials 277