This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
He also pledged to overhaul HS2 Ltd’s structure, and renegotiate supply chain contracts. Performance-related pay rises for senior managers and excutive bonuses relating to last year have been scrapped. Flawed contracting model handed too much risk to HS2 Ltd while failing to incentivise cost control among contractors.
He assists clients in issues including insurance coverage, regulatory, FCPA, labor law, negligence, nuisance, trespass, products liability and breach of contract, and acts as outside general counsel to several construction companies. Jason Kosek is a shareholder with New York City-based law firm Anderson Kill. Opinions are the author’s own.
The Providence, Rhode Island-based builder hired Suzanne Bennett, former regional project manager at New York City-based Turner Construction, to lead the new unit as vice president and business leader, according to Bennett’s LinkedIn page. Dive Brief: Gilbane Building Co. The launch builds on Gilbane’s broader push toward innovation.
Owners building complex industrial projects face a wide range of risks in delivering their projects as quickly and as cost-effectively as possible. For owners facing this scenario, integrated services like the Engineering, Procurement, and Construction Management (EPCM) delivery method may be the best option for your project.
Construction = repair, renovation, maintenance, and new builds 4bt.us [contact-form] The post Early Contractor Involvement & Improved Sustainment / Construction Cost Management appeared first on 4BT.
[Scottsdale, AZ; December 10, 2024] InEight, a leader in construction project controls software, today announced the pursuit to authorize its InEight Document software solution with the Federal Risk and Authorization Management Program (FedRAMP).
Sixty (60%) percent of all project fail to meet both cost and and schedule targets. Fortunately there are proven processes to better manage construction costs, schedules, and quality. Better Manage Construction Costs. Reasons for Poor Repair, Renovation, Maintenance, and New Build Outcomes.
Scheduling – Procore announced Scheduling, a new AI-powered tool that integrates with contractschedules and field data, flagging risks to keep projects on time and within budget.
Those are exactly the problems the schedule of values (SOV) solves. 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. Who Prepares the Schedule of Values?
Founded in 1973, ZETCON has built a reputation as an industry leader in infrastructure planning, inspection, project management, and construction management. ZETCON oversaw the work of five specialized companies mapping the 1,000-metre-wide corridor, while managingscheduling and cost control, riskmanagement, and contractmanagement.
The construction industry, in particular, is beginning to see a change in the culturally entrenched attitudes towards project management as organizations look to modernize their operations. One long-entrenched process—creating the schedule—is an area that has long been in need of a makeover.
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.
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
The right choice helps managerisk, meet compliance requirements, and keep costs under control. Control over scheduling Lifts can be arranged to suit the client’s timeline and internal workflows. Wet hire is often selected for complex, high-risk, or short-notice projects. Wet hire reduces these risks.
Inefficient and unstandardized legacy processes meant key project documents were manually scanned and distributed, data managed on spreadsheets, and assets delivered as email attachments. These manual processes led to delays, bottlenecks, and version control issues, disrupting project schedules and muddling communication across projects.
Meanwhile, cloud-based customer relationship management (CRM) software company Salesforce has an AI product that works with its CRM system to write follow-up emails, generate texts, and so on. It may take several months for a land acquisition manager to find that answer (and perhaps you’ll lose out on the deal in the meantime).
When budgets, documents, and schedules are scattered across spreadsheets and emails, teams struggle to identify risks and manage changes effectively. Budget Management Rabbet provides real-time budget tracking, allowing teams to monitor actual costs against forecasts.
Effective communication is the backbone of successful project management. The Problem: Communication Gaps in Project Management Poor communication often arises from fragmented systems, siloed data, and a lack of real-time information sharing. Overlooked contract obligations and document delays. Heres how: 1.
OSHA violations are more than just compliance issuesthey put lives at risk and jeopardize your company’s reputation. Competitiveness: Businesses with stellar safety track records win more contracts and build trust with clients. Prevention Steps: Conduct site inspections to identify all fall risks.
Managing a full-time job while pursuing further education is challenging, especially in demanding fields like construction. An online MBA in Construction Management offers a flexible, career-focused solution that allows professionals to develop leadership and business skills without sacrificing their jobs.
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.,
These manual tasks, ranging from administrative paperwork to chasing down approvals, slow down progress, increase costs, and heighten the risk of errors. Heres how Rabbets centralized data foundation revolutionizes construction project management. Document Management Forget about sifting through emails and scattered folders.
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.
There is a lot to consider when planning a new business construction project, but there are only five major ideas to consider before contacting design and building professionals: How will you manage the risk to your business during construction? With Design-Build, an owner will pay for their building through a scheduled payment plan.
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.
Construction companies must adopt proactive cash flow management strategies to thrive in this environment. The Current State of Construction Finance Construction firms are more often faced with the problem of being less productive, possibly with higher operating costs due to inefficient financial management systems.
From project management to cost control, there are several key areas where you can make strategic improvements to enhance your bottom line. You’ll discover practical strategies to increase productivity on job sites, manage overhead costs effectively, and improve cash flow. Implement a robust working capital management strategy.
Find Your Team It might take a village to raise children, but it takes an entire construction management team to raise a structure. Youll want to work with top architects, engineers, construction workers, and professional managers who know the ins and outs of the construction process. The project manager. The construction team.
A contract’s a contract, right? There are many construction contract types out there. The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. The eight types of construction contracts include: cost-plus construction contract.
Lean construction aims to embody the benefits of the Master Builder concept, as does Advanced Job Order Contracting, Integrated Project Delivery, and Alliance Partnering. Advantages : This integration helps to streamline communication, reduce delays, manage costs more effectively, and minimize disputes between designers and builders.
" or "Where are we most at risk for cost overruns?" The Submittal Creation Agent automatically generates submittals from existing specs, eliminating the pain of manual submission management. Field Scheduling is now in early release, bringing real-time scheduling directly into Procore.
Material provided by InEight InEight , a global leader in construction capital project management software, is proud to unveil the relaunch of InEight Schedule. Urgent action is needed to address chronic schedule and budget overruns to preserve the financial health and viability of projects.
It requires effective leadership, strategic planning, and detailed project management. Without strong management, even well-funded projects can miss deadlines, overspend, or fall short of quality standards. This post explores how management skills elevate construction businesses to new levels of efficiency and success.
Roads & Infrastructure Magazine sits down with InEight Head of Account Management – EMEA Region, Jeff Quantrill, to discuss the challenges, potential improvements and available solutions associated with modern riskmanagement processes. InEight Head of Account Management – EMEA Region, Jeff Quantrill.
InEight Document serves as a single source of truth for construction project data, increasing efficiencies and minimising the risks associated with data duplication and discrepancies. InEight Document also provides risk mitigation via a unified and accurate repository of project information. Image courtesy of InEight.
Terminal C’s design successfully navigated an aggressive four-year construction schedule without disrupting airport operations. Construction Management Co.: million square feet of concrete and asphalt pavement Sunport Boulevard Extension | Bohannan Huston, Inc.
It’s one of those terms that pops up around contracts, payments, and bank-financed projects, usually when you’re knee-deep in paperwork or waiting on a bill. What is a Construction Draw Schedule? What is a Construction Draw Schedule? As work progresses, the builder submits draw requests aligned with the schedule.
With operations spanning buildings, industrial, infrastructure, water, and development projects, Graham recognized an opportunity to standardize its document control processes across multiple systems, streamline operations, and decrease the risk of mismanaged data. Are you ready to build project certainty with real-world data?
Procurement riskmanagement is a critical aspect of construction project management, ensuring that projects are completed on time, within budget, and to the required quality standards. Effective riskmanagement strategies can help mitigate potential issues that may arise during the procurement process.
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
Working on job sites comes with risk whether it’s damage to a client’s property or someone getting hurt. Contractors liability insurance steps in when those risks become real costs. This protection is especially important for contractors working under public contracts or large private jobs.
A construction contract is a tool that you can use to help outline these requirements. What exactly is a construction contract, how can it be used and what are the different types? A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. Lump Sum Contracts.
However, managing these RFIs, especially in large-scale projects with numerous participants, can quickly spiral into a chaotic whirlwind of emails, spreadsheets, and phone calls. This can lead to miscommunication, delays, cost overruns, and ultimately, project failure.
Historically, engineering and construction have been hazardous professions, and, while there have been significant improvements to safety standards in recent years, the risk of workplace accidents is still high when compared to other industries.
We organize all of the trending information in your field so you don't have to. Join 79,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content