Contractor Bookkeeping

MAY 9, 2025

But as your business grows, so does the complexity of managing procurement. It is a fundamental tool that helps contractors streamline their procurement processes, maintain budget control, and ensure efficient communication with suppliers. A POS tool helps businesses manage and automate the procurement process.

Procurement

Job Order Contracting

JULY 28, 2025

Improved cost control and budgeting: Contractors can provide realistic cost estimates and identify cost-saving opportunities through value engineering during the design phase. By identifying potential bottlenecks and planning for long-lead items, ECI helps to minimize delays and keep projects on track.

Quality Control

UK Construction Blog

JULY 18, 2025

This task often required cross-department collaboration between finance, procurement, and legal teams. Staff Training Finance teams had to be retrained to understand the new requirements and their downstream effects on financial reporting, budgeting, and project bidding.

Project Management Consulting

Buildern

JULY 16, 2025

If so, you understand how poor material management can lead to costly delays and project budget issues. Construction inventory management and tracking affect every part of the project: Procurement : Sending bid requests and purchase orders to get the right materials from the right vendors. Who Is Involved in Material Management?

Construction Management

Job Order Contracting

DECEMBER 3, 2024

The application of strategies such as integrated planning, procurement, and project delivery, and a regenerative model for materials reuse, design for disassembly, prefabrication, and recycling for reducing resource consumption and waste. What is circular procurement?

Building Materials

UK Construction Blog

JUNE 24, 2025

With rising costs, labor shortages, and stricter rules, good construction management is key to finishing real estate projects on time and on budget. It covers everything from budgets and timelines to hiring contractors and making sure the work meets safety and quality standards. It sets the foundation for building.

Construction Management

Job Order Contracting

JULY 10, 2025

The following foundational elements enable consistent, high-quality project execution—on time and within budget: 1. Implementation of a Robust, Collaborative, and Integrated Planning, Procurement, and Project Delivery Framework To avoid cost and schedule overruns, owners must adopt a consistent, repeatable process for managing projects.

Integrated Project Delivery (IPD)

CCR Magazine

NOVEMBER 18, 2024

This challenge is crucial for long-term success, as firms navigate unique financial hurdles such as project-based budgeting, delayed payments, and fluctuating material costs. Manage Inventory and Procurement Costs Just-In-Time (JIT) Inventory Management Minimizes warehouse space requirements by reducing excess stock.

Cost Control

CCR Magazine

NOVEMBER 29, 2024

NorSun, a leading independent producer of monocrystalline solar wafers, has announced the signing of an Engineering, Procurement, and Construction (EPC) contract with Clayco, a premier design, engineering, and construction firm, for its new 5GW solar wafer manufacturing plant in Tulsa, Oklahoma.

Real Estate Development

CCR Magazine

JANUARY 13, 2025

Steel, concrete, glass, and other essential materials can experience price surges due to global supply issues or local procurement challenges. Below are some tips for minimizing construction costs and staying within budget. The more thorough your budget, the easier it will be to identify potential cost overruns early on.

Construction Management

Buildern

JUNE 25, 2025

Procurement, especially in construction, isn’t only about placing orders. Here, we have control over risk, stay within budget, and keep vendors aligned with the job. In this article, we’ll figure out how to manage construction purchase orders and keep procurement aligned with your project goals.

Cost Control

Job Order Contracting

JULY 21, 2025

This reliance limits cost visibility and creates inefficiencies in estimating, budgeting, and executing projects. Measure outcomes in terms of budget accuracy, change orders, schedule adherence, and owner satisfaction. To move forward and toward action, the following strategic changes can be implemented. Viable Strategies for Change 1.

Integrated Project Delivery (IPD)

CCR Magazine

JANUARY 23, 2025

Selecting a reliable welding company for installing and welding Industrial piping under pressure is a challenge many procurement specialists face. A poor choice of contractor can lead to delays, budget overruns, and quality issues. Price Filtering Analyse the pricing data and filter out offers outside your budget.

Project Management Consulting

ENR Construction

JUNE 20, 2025

Despite significant efforts to enhance construction productivity and efficiency, many projects continue to experience budget overruns and delays. Benefits of AI-Driven Construction Estimation: Increased accuracy in budgeting and project timelines. Early identification and mitigation of potential project risks.

Estimating

UK Construction Blog

JULY 3, 2025

The initial investment required for sustainable building can deter stakeholders who focus on short-term budgets rather than long-term savings. Construction management software streamlines procurement by connecting you with local suppliers, reducing transportation emissions and supporting circular economy principles.

Renewable Energy Systems

CCR Magazine

MARCH 3, 2025

Permitting applications, material procurement, and preliminary site work can start while the final design is still being refined. Cost Control Through Early Collaboration Budget overruns are a frequent concern in construction, often resulting from incomplete designs, misaligned expectations, or unexpected site conditions.

Building Design

Job Order Contracting

DECEMBER 4, 2024

Early Contractor Involvement is a mandatory component in any real property owner process designed to ensure consistent delivery of quaility repair, renovation, maintenance, and new build projects on-time and on-budget. The issues associated with Traditional Construction * Project Delivery (DB, DBB, CMAR…) are clear.

Construction Management

iField Smart

MAY 7, 2025

Whether managing a single or multiple project, the ability to schedule tasks, allocate resources, and adapt to changes in real-time determines if the project is delivered within budget and on time. For example, a delay in procuring materials can create setbacks in tasks completion and labor scheduling.

Schedule Management

UK Construction Blog

JULY 15, 2025

Without accurate real-time data, project managers struggle to track expenses, monitor resource allocation, and identify budget variances before they become major problems. Cost control becomes more precise with real-time budget tracking and resource monitoring.

Building Code Compliance

UK Construction Blog

JULY 15, 2025

The design phase typically begins 6-12 months before construction starts, allowing sufficient time for material procurement, detailed engineering analysis, and workshop preparation. The design phase typically occurs 6-12 months before construction begins, allowing time for material procurement and workshop preparation.

Fire Protection Systems

UK Construction Blog

JULY 23, 2025

Because projects involve high budgets and long timelines, trust plays an oversize role. This openness helps small specialty firms, which might lack marketing budgets, prove their worth beside bigger names. Many even look for photos posted by past customers to verify workmanship. Digital testimonials shorten that trust-building period.

Stakeholder Engagement

Roads Online

JUNE 22, 2025

Five priority projects are now under construction, with a further two to commence shortly, while six are under procurement with three more to be in procurement by mid-2025. The early works package is focused on improving sections with a particularly high safety risk to reduce the frequency and severity of crashes.

Government Works

CCR Magazine

FEBRUARY 11, 2025

Automated order processing and tracking minimize manual errors and accelerate procurement, enabling construction teams to concentrate on strategic project execution rather than administrative logistics. Integrate WMS with existing logistics and procurement systems. Beyond inventory tracking, WMS optimizes the entire supply chain.

Material Storage

Business Facilities

JULY 7, 2025

Photo: Adobe Stock / yelantsevv) From Operating Cost To Strategic Risk Variable Historically, power costs were treated as a line item in operating budgets. For CRE leaders navigating expansion or relocation, understanding the energy landscape has become essential.

Real Estate Development

Job Order Contracting

MARCH 7, 2025

Real-time, granular, locally researched data is essential for Lean construction, JOC, and Progressive Design-Build to ensure cost transparency, prevent budget overruns, and enable informed decision-making. Optimize procurement strategies based on local supplier pricing trends. Recent events (e.g., for a specific state.

Construction Management

Wrench

FEBRUARY 13, 2025

Because, of course, the data is fragmented and not structured; it originates from multiple sources – cost control systems, scheduling tools, procurement logs, and contractor reports – and all those datasets tend to be inconsistent, fragmented, or misaligned with each other.

Project Management

Job Order Contracting

JUNE 28, 2025

Predictable Budgeting: JOC utilizes a Unit Price Book (UPB)with preset, pricing for construction tasks. This enhances cost transparency and allows for more accurate budgeting and financial planning, helping avoid budget overruns. The use of national average cost data, location factors, or static cost books is not recommended.]

Project Management Consulting

Job Order Contracting

JULY 1, 2025

We are championing a future where everyone can make informed choices about the quality of the data that powers your repair, renovation, planning, and new build Planning, Procurement, and Project Delivery Process. Minimize risks associated with delays and budget overruns – Provide a clear project roadmap and cost control mechanisms.

Estimating

Stok

MAY 15, 2025

Given  70% of conventional building projects  run over budget and behind schedule, with 44% ending in some form of arbitration or litigation, Integrated Project Delivery offers a better solution. An Indigenized IPD approach: Supports Indigenous economic reconciliation through social procurement and local hiring.

Integrated Project Delivery (IPD)

ENR Construction

JUNE 6, 2025

The agency has also budgeted a $10-million bonus for completion ahead of the scheduled November 2028 target date, with a $25,000 daily penalty for missed milestone dates. Walsh and design partner WSP will begin work on the $339-million design-build project next month, according to the Rhode Island Dept. of Transportation (RIDOT).

Specialty Contracting

Jonas Construction

AUGUST 20, 2024

With cost overruns being a reality, contractors may struggle to improve cash flow while balancing the budget and meeting deliverables on a job. Costs that hinder cash flow and profitability can arise from day-to-day occurrences like equipment maintenance or change order requests, which can be difficult to budget for.

Specialty Contracting

Job Order Contracting

NOVEMBER 27, 2024

Cost overruns and delays result in the 80%+ of all repair, renovation, maintenance, and new build projects being 30%-40% over budget. 85% of construction “failures”* are the result of poor preconstruction planning and disjointed procurement, and/or failure to implement a robust, collaborative project delivery method.

Procurement

UK Construction Blog

JULY 1, 2025

AI systems can automatically analyse incoming leads, scoring them based on project size, location, timeline, and budget indicators. These systems can include photos, timelines, and budget updates formatted professionally and delivered automatically.

Communication

UK Construction Blog

JULY 22, 2025

Investment Breakdown When budgeting for fire doors, you need to understand the significant cost differences compared to standard doors. Ensure procurement of fire doors includes correct seals and that only certified professionals handle installation.

Building Standards

Construction Specifier

APRIL 27, 2025

Since precast concrete components are manufactured offsite, they can be procured and fabricated prior to the site being disturbed, and the precast can be scheduled to be erected at a specific time once the foundations are in place, says Corey Greika, vice president/general manager of Coreslab Structures in Indianapolis.

Building Materials Manufacturing

CCR Magazine

DECEMBER 2, 2024

Shipman oversaw preconstruction, budgeting services, subcontractor procurement, construction and closeout services for the Federal Bureau of Investigation’s (FBI) field office in Columbia, South Carolina.

Closeout