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Change Management Estimating Risk Management 
Civil + Structural Engineer
JANUARY 10, 2025
Impact of High-Risk, Large-Scale Projects The increasing scale of infrastructure projects is one critical factor. Some companies have backed away from bidding on projects due to concerns about mitigating the risks involved, including attracting and retaining skilled labor.
264 
Civil + Structural Engineer
NOVEMBER 22, 2024
The latest release features an improved takeoff integration that drives faster estimating and more accurate bids. HeavyBid’s takeoff integration allows customers to effectively and efficiently import takeoffs into an estimate in HeavyBid.
130
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Job Order Contracting
MARCH 2, 2025
Key issues related to cost factors: Fluctuating Material Costs: Prices of construction materials can significantly vary based on market conditions, supply chain issues, and seasonal fluctuations, making accurate cost estimations challenging.
59 
ENR Construction
JUNE 20, 2025
The Problem with “Unknowns” in Construction Estimation A significant cause of project overruns lies in the estimating phase, primarily due to uncertainties and incomplete information. These unknowns complicate accurate construction estimating and often lead to financial and scheduling setbacks.
36 
Roads Online
JUNE 15, 2023
Economic conditions are obviously a major one, economic downturns, recessions and changes in government policy can all impact the profitability of the construction industry. According to Chung, these challenges are often compounded by companies who have inadequate governance and risk assessment processes.
Job Order Contracting
AUGUST 20, 2023
A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.
98 
Job Order Contracting
OCTOBER 19, 2023
The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■
98 
Job Order Contracting
SEPTEMBER 21, 2022
Cost management involves different risks for all the parties involved, which highlights the need to manage risks properly. NEVER accept a lump sum estimate for a workorder/project without a full detailed line-item estimate and review of line-times and quantities. Verify all aspects of the direct work (e.g.,
104 
Civil + Structural Engineer
DECEMBER 18, 2023
CEC, which has managed some of California’s largest projects, including the restoration of the San Francisco/Oakland Bay Bridge and the BART Transbay Tube Retrofit project, will leverage the tool to help build, analyze, and optimize project schedules to streamline execution and increase profitability.
UK Construction Blog
JUNE 24, 2025
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. This service is useful for property developers, investors, and construction project managers.
Autodesk Construction Cloud
JUNE 7, 2023
Inaccurate estimates might not be the root of all evil, but they sure can derail a project. Far and away one of the most common reasons, however, is inaccurate budget estimates. When it comes to construction, estimating costs is a towering challenge. When it comes to construction, estimating costs is a towering challenge.
98 
Construction Marketing
MAY 29, 2025
But heres something that might surprise you: not all great builders make great estimators. Building and estimating are simply two different skill sets. But when it comes to estimating, being a great builder is only part of the puzzle. Estimators have to think in terms of prediction and planning.
62 
Roads Online
MAY 9, 2024
Enter Bluebeam, a powerhouse software tool designed to elevate construction workers’ project management capabilities. This powerful connection facilitates real-time updates, ensuring that changes made in PDFs are instantly reflected in quantity takeoff calculations.
102 
Job Order Contracting
MARCH 7, 2025
Granular Local Market Cost Data is Essential for Cost Visibility & Management (Repair, Renovation, Maintenance, & New Builds) Using current, verifiable, and detailed local cost dat a instead of national averages with adjustment factors ensures: Cost transparency All labor, material, and equipment costs are broken down and verifiable.
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.
98 
Civil + Structural Engineer
MAY 17, 2024
It’s estimated that we need to rebuild more than 230,000 bridges across the U.S., Lastly, AI can revolutionize how the government manages our most important projects. However, for the government to realize its ambitions, it must change its processes for managing major projects.
Buildern
JUNE 26, 2025
For most builders working on larger or bank-financed projects, the SOV acts as a must-have document that breaks down the total contract amount into detailed line items in construction financial management. Architects or engineers (if applicable) who may be involved in the approval process, especially on AIA-managed projects.
Job Order Contracting
FEBRUARY 28, 2025
Centralized Timely Construction Cost Data is a “single source of truth” that is mandatory for improving cost visibility and management for any repair, renovation, maintenance, or new build project. Adaptable to Market Realities: Ensures projects are not derailed by unexpected cost changes.
78 
Civil + Structural Engineer
OCTOBER 2, 2023
By Steve Smith , EVP of Infrastructure at Graham Construction and Catie Williams, VP of Product Development at InEight A volatile risk climate worsened by ongoing reverberations from COVID-19, geopolitical conflict, and severe weather events is reshaping the traditional relationship between owners and contractors. Construction 4.0
Commercial Construction Blog
NOVEMBER 27, 2024
Working with some of the best Directors of Construction, architects, and project managers in the business, we understand that risk management is a core concern for our clients. From financial overruns to project delays, unexpected risks can impact budgets, timelines, and overall project success.
Civil + Structural Engineer
NOVEMBER 21, 2024
Toll Brothers is acting as managing member and development lead for the project, overseeing approvals, design, construction, and sales. Bank OZK is delighted to finance another project for a quality sponsor like Toll Brothers and its partner Daiwa House,” said Dave Sarner, Managing Director of Originations at Bank OZK.
Autodesk Construction Cloud
MAY 9, 2022
??Risk management has always been an essential element for success in construction, but things have certainly reached a whole new level in recent years. Needless to say, learning to manage risk amidst uncertainty might be more important than ever before. . We discuss: Their opinion on today’s biggest areas of risk.
Autodesk Construction Cloud
JUNE 20, 2022
Estimating is one of the most complex parts of the construction process. And done inaccurately, you risk losing the bid, or worse, profits. . Thankfully cloud-based software solutions enable teams to create more competitive bids with accurate estimates faster. Connected takeoff and estimate . Ease of use .
105 
Building Radar
DECEMBER 10, 2024
Effective financial management in construction projects is crucial for ensuring profitability and sustainability in a highly competitive industry. With the complexity of construction processes, understanding construction financial management becomes essential for project success.
Buildern
JULY 3, 2025
While managing a small residential remodel or a large-scale commercial build, knowing how to calculate labor cost in construction the right way can mean the difference between hitting your margins and losing money. The full picture of labor costs is the first step toward building realistic and profit-conscious construction estimates.
52 
Plant & Civil Engineer
JANUARY 13, 2025
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.
Buildern
MAY 27, 2025
Have you ever wondered how much time, money, and stress could be saved if you had a proper system to organize and manage your projects from start to finish? From digital takeoffs to CRM and financial management , our industry is rapidly adopting technology to ensure accuracy and create hassle-free workflows.
Jonas Construction
NOVEMBER 11, 2024
Last Updated on November 11, 2024 In today’s fast-paced construction industry, effective cost management is essential to protect profits and ensure project success. Rising material costs, labor shortages, and unpredictable project delays often result in costly overruns, putting project profitability at risk.
52 
Civil + Structural Engineer
DECEMBER 1, 2023
More recently, a Minnesota Department of Transportation assessment of the state’s historic bridges resulted in the Third Avenue Bridge being included among 24 bridges selected for long-term preservation under MnDOT’s Statewide Historic Bridge Management Plan. The spandrels were straight, but we were working with a curved deck on top.
Civil + Structural Engineer
APRIL 28, 2023
a global leader in construction capital project management software, has announced new innovations that further realize its strategy of connecting 16 essential project controls business processes on a single, integrated platform. InEight Inc.,
Job Order Contracting
FEBRUARY 3, 2025
The industry average of 25% largely reflects the inefficiencies in bid preparation, lack of trust in cost estimates, and inconsistencies in pricing. Enhanced Credibility : Using objective, third-party data builds trust with clients, as it demonstrates a commitment to transparency and fairness in cost estimation.
Rapport3
NOVEMBER 21, 2023
To make sure profits stay steady and grow, it's crucial to manage increasing costs for materials, labour, and operations. Rapport3, a powerful project management software designed for architecture firms, offers solutions to minimise the impact of inflation: Tracking Costs in Real Time Our software lets you monitor project costs in real time.
105 
Civil + Structural Engineer
JUNE 28, 2024
By Victoria Salvador Project management in the architecture, engineering, construction, and owner/operator industry is part art, part science. Over time, technological change, labor shortages and the increasing complexity of projects have reshaped the role. However, you can only be as effective as the tools your organization provides.
PN - Project Management
JUNE 24, 2025
Longer alignments increase risk exposure to unforeseen obstacles such as abandoned utilities, meaning contingency funds must rise in step with footage. Even within a single alignment, conditions can change every few feet, so continuous monitoring is essential. Change one and costs ripple through the rest. Cobbles bounce bits.
Civil + Structural Engineer
MAY 3, 2024
HDR’s Construction Management Team Helped Deliver Landmark East Link Light Rail Extension Project The initial segment of Sound Transit’s 2 Line began operations April 27, the product of more than a decade of work to improve transit connections between Seattle, Mercer Island, Bellevue and Redmond. The Bellevue-Redmond segment of the $3.7
Buildern
MAY 20, 2025
Profit Margin Markup Definition Profit as a percentage of revenue Profit as a percentage of cost Formula (Revenue – Cost) / Revenue 100 (Revenue – Cost) / Cost 100 Focus Bottom-line profitability Pricing based on cost Use Case Reporting, financial analysis Estimating, bidding Main Question How much profit do I keep?
Construction Marketing
MAY 17, 2023
These tools enable construction professionals to rethink every aspect of project planning, execution, and collaboration, whether it be through the use of project management software, virtual reality (VR), or building information modeling (BIM). Safety and Risk Management Safety and risk management are paramount in the construction industry.
Buildern
JUNE 13, 2025
If you’re in the construction industry and want to keep a closer eye on your company’s financial management to improve your bottom line, this guide is for you. Unlike traditional accounting, it has many moving parts and specific financial management needs. Here’s a quick overview of what you need to know.
Buildern
MAY 12, 2025
JobTread is a common comparison among builders exploring efficient ways to manage estimating, job tracking, finances, and team coordination. Both platforms aim to simplify construction management for builders and contractors. Estimates can be generated from digital takeoffs or built using customizable cost catalogs.
Autodesk Construction Cloud
JUNE 8, 2023
Because preconstruction offers the biggest opportunity to de-risk a project. Connect the design phases with downstream tasks like scoping, estimating , and buyout by ensuring data flows smoothly into these various processes. This is where connected bid management solutions comes in handy.
iField Smart
APRIL 23, 2024
Building Better: Maximizing Efficiency with Construction Management Software Solutions Efficiency within the construction landscape points to accomplishing tasks, processes, and projects with minimum effort, resources, and time. Based on a report by Kings Research, the construction management software market will reach $21.67
CCR Magazine
JANUARY 25, 2025
Jobsight360 proudly announces the launch of its innovative construction management platform, a comprehensive solution tailored to meet the unique demands of the heavy civil and industrial construction industries. he Jobsight360 Construction Management Platform offers an enterprise-wide suite of features to simplify critical workflows.
Buildern
JULY 4, 2025
Meanwhile, construction job management software makes it easier to keep the project on track and build a stronger network between all links in a chain. In this article, we will break down the most common HR challenges in the construction industry and how to bring structure to managing your workforce with modern tools.
In Eight
NOVEMBER 9, 2023
Risk abounds in our everyday life. We make decisions on how we travel, work, socialize, and even eat and sleep based on the perception of risk. Dozens, if not hundreds, of tiny decisions are made when making seemingly mundane decisions, like when to change lanes while driving to what to order at a restaurant.
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