article thumbnail

Managing Change Orders

Job Order Contracting

Managing change orders for any size of repair, renovation, maintenance, or new build project, whether IPD, alliance job order contracting, DB, DBB, ‘et al’, simply requires a robust preconstruction process in most instances. The post Managing Change Orders appeared first on 4BT.

article thumbnail

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

Civil + Structural Engineer

Public owners have become more aware of the importance of risk management and its impact on their programs. Several key strategies are emerging to maximize the impact of BIL funding while managing cost pressures. Bonding Capacity Large-scale projects also involve additional surety requirements.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Best Construction Scheduling Software for Streamlined Project Delivery 

iField Smart

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.

article thumbnail

Smart Material Management in Construction: Tips and Tricks to Avoid Delays

Buildern

If so, you understand how poor material management can lead to costly delays and project budget issues. This is the reason material management is not only about logistics. It’s essential to choose effective methods to manage the supply chain and plan the use of materials by subcontractors. Who Is Involved in Material Management?

article thumbnail

How Top Construction Firms Reinvent Cost Control

Construction firms that rely on fixed budgets and outdated procurement methods are losing ground fast. This guide reveals how market leaders are managing financial risk by shifting to incremental budgeting, regional sourcing, and real-time cost tracking.

article thumbnail

Active Construction Cost Management – Government, Healthcare, Education, Transportation

Job Order Contracting

Active Construction Cost Management is important to any repair, renovation, maintenance, or new build activity. Questions every real property owners should ask before procuring a repair, renovation, maintenance, or new build service. #1 Are all changes logged as well as notes included per line-item as to why changes were made? #7

article thumbnail

How Construction Firms Adapted to IFRS 16

UK Construction Blog

Let’s break down what changed, how firms adapted, and what it means going forward. With IFRS 16, that changed. The Initial Challenges When IFRS 16 took effect, many construction firms were caught off guard by the scale of the changes. This led to new asset management strategies and financial modeling practices.