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Episode 3: Cost Control in Construction Projects; Here’s how to control them

iField Smart

Cost overruns run large in the construction industry, leading to project delays, disputes, and financial losses. To mitigate these risks, the construction industry must implement robust cost control strategies. Value Engineering in Construction : Identify cost-saving opportunities that dont compromise quality or functionality.

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Infrastructure costs keep rising. Consider these approaches to mitigate them.

Civil + Structural Engineer

On one hand, the federal Bipartisan Infrastructure Law (BIL) has catalyzed unprecedented infrastructure investment, while on the other, rising costs for materials, labor and energy are squeezing project budgets and complicating project planning and execution. That fosters a vicious cycle of reduced competition and further escalating costs.

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iFieldSmart Technologies: The Best Construction Scheduling Software Solution

iField Smart

In the complex world of construction project management, effective scheduling is the linchpin of success. Integration Hurdles: Integrating legacy systems with other essential project management tools is often cumbersome, creating data silos and impeding comprehensive project oversight.

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Project cost estimation levels – Construction

Job Order Contracting

Project cost estimation levels depend on the amount of current, actionable information available about the project at a given stage. Substantive / Bid Estimate / Class 2 Estimate: Purpose:Provides a detailed breakdown of costs for a well-defined project. Confidence:High, used for detailed planning, bidding, and control.

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Episode 5: Value Engineering and Cost Optimisation — Cost Management

iField Smart

Reading Time: 2 minutes In an industry as quick as construction, cost management is everything. Rising material costs, labour shortages plus complex projects mean we need to be smarter with our budgets without compromising on quality. Simplified design: Simplifying complex designs without compromising integrity.

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The Complete Guide to Real Estate Construction Management

UK Construction Blog

The post The Complete Guide to Real Estate Construction Management appeared first on UK Construction Blog. The real estate industry is changing fast, and strong construction management is more important than ever. AI alone can lower construction costs by 10–20%.

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Construction industry set for big changes in 2025

Plant & Civil Engineer

Over the last 12 months, the European construction industry has undergone significant change. Here, Komastu Smart Construction experts offer insight on the biggest digital and technological changes set for the construction industry this year, and how to be ahead of the curve.