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
The facility is projected to generate approximately $4 million per year in revenue, save WSSC Water customers approximately $3.4 million per year in operating costs, and further reduce WSSC Water’s greenhouse gas emissions. We help plan, design, and manage the construction of water and wastewater-related projects.
The project leveraged four alternative delivery methods including: landside and airside construction management at-risk, a design-build-operate-maintain baggage team, design-bid-build award contracts and multiple design-build concession/tenant packages. Construction Management Co.:
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. site prep, framing, electrical, plumbing, finishes). This should match the total contract amount. Why does this matter?
Unfortunately, that disconnect can cost you through potential failed audits, regulatory citations, lost contracts, or even incidents on the job. These templated documents often utilize vague language that fails to address site-specific risks and hazards. A genericplan wont pass review, and the contractor will lose their bid.
What’s costing you more: your materials or the hours lost to messy project management? Small construction business owners already know how quickly things can spiral out of control. Between scattered spreadsheets and never-ending job site delays, it’s not just your timeline that suffers, but the whole project’s success.
fixed price, time and material, AIA progress billing, and cost-plus) help align invoicing with project progress and contractual terms. Construction accounting typically relies on two revenue recognition methods: Percentage of Completion (POC) for ongoing projects and the Completed Contract method for simpler and smaller projects.
From project management to costcontrol, 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.
For decades, general contractors stood at the center of every job site, running the show, coordinating teams, and acting as the final word on everything from schedules to budgets. The balance of power on construction sites is tiltingand fast. But lately, somethings shifted. This isnt about power grabs or ego.
Planning is essential when building a structure, no matter how simple or complex. Here, well walk you through planning a successful construction project from phase one to completion. This role is crucial, involving planning, coordinating, bidding, controlling budgets, and supervising the work. The project manager.
The post Planning a House Extension? Phase 1: Initial Planning and Feasibility (2-3 Months) Defining Your Vision and Requirements The extension process begins long before any construction takes place. Here’s What to Expect From Start to Finish appeared first on UK Construction Blog.
The cost and availability of building materials can presently be described as highly unpredictable, so the pre-planning phase has become the key to Restaurant Construction more than ever before! We have strategies to share to get your restaurant or business operating quicker and generate income faster.
I wouldn’t go so far as to call myself a control freak, but as a national general contractor, it’s part of the job description to be the one calling the shots and telling everyone what to do on a complex commercial construction project. One recent project we bid even had the pre-fabricated steel structure of a building as an OFI.
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.
Key Takeaways Construction defects commonly stem from design deficiencies, poor workmanship, substandard materials and inadequate quality control, potentially reducing property values by up to 25%. Construction defects typically stem from poor workmanship, substandard materials, improper site preparation, or inadequate maintenance.
Ware Malcomb provided lab planning, site design, and interior architecture and design services for the buildings, encompassing approximately 32,000 and 52,000 square feet, respectively. Generalcontracting services for the project were provided by Coakley & Williams Construction. The two-level 20440 Century Blvd.
Working with a client on a design-assist or design-build basis, as Englewood Construction is with the reimagining of Stratford Square Mall, allows the commercial contractor to provide valuable input during the initial planning stages. Design-assist is a bit of a hybrid of the design-build process.
Army Job Order Contracts fail to meet critical AFARS requirements most of the time. The J OCPB (JOC Price Book: reflects the current local costs in detail for construction tasks expected to be performed in the geographical area of the base contract with the primary use of developing a detailed line-item price.
Hiring for a construction site isn’t just about finding people who perform physical tasks. One needs solid experience, technical understanding, and a team that can handle the pressure of an unpredictable job site. In some cases, the delays cost tens of thousands in penalties and lost revenue. They are operational risks.
A punch list (also called a snag list, deficiency list, or punch out list), according to the online Business Dictionary , is “a document listing work that does not conform to contract specifications, usually attached to a certificate of substantial completion.” PRODUCT Try Fieldwire's Punch List App Photos, markups, and reports.
Babaian Photos and illustrations courtesy Simpson Gumpertz & Heger (SGH) In its most general form, exterior insulation and finish systems (EIFS) consist of expanded polystyrene (EPS) insulation board coated with a reinforced polymer-modified cementitious base coat and a polymer-based finish coat. By Alex Ardelean, Elizabeth V.
Their expertise covers unique building techniques, system planning, and tiny house requirements. Happy customers often praise: Construction detail work Professional communication On-time completion After-sale support Top builders offer detailed warranties from 1 to 2 years on general construction. Maximum height: 4.3m
The answer lies in the construction site inspection checklist, which is a powerful tool to monitor progress, assess if it complies with local regulations, and ensure that everything is carried out according to the highest standards. A construction site inspection checklist is essential for any construction project.
When you deal with construction claims, many believe that the largest component of any request for additional compensation is generally labor costs. In general, labor productivity refers to the measurement or unit of work that is accomplished for a designated period of time. Restricted site access.
None of this would be possible without efficient and careful construction project management planning and construction managers. Heavy construction refers to megaprojects that are oftentimes infrastructure-focused, like dams or flood control systems and facilities. This process is called a design, bid, and build contract.
A contract’s a contract, right? There are many construction contract types out there. Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. A construction contract agreement gets everyone involved in a project on the same page. .
Two of these solutions are Integrated Project Delivery (IPD) and Job Order Contracting (JOC). Internal and independent audits have found that many Job Order Contracting deployments have unfortunately degraded into a simple means of speeding procurement and also carry excessive administration costs tied to a percentage of construction costs.
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.
Heres how construction companies can take control of their online image, including a clear guide on how to remove something from Google search results faster. Example: A general contractor in Texas found an old complaint about an unrelated subcontractor attached to their company name. Google doesnt control most of the content it lists.
" or "Where are we most at risk for cost overruns?" Make optimization recommendations: Analyze your project data alongside external inputs like live weather forecasts, lead times, or vendor performance to recommend the fastest, most cost-effective path forward. " – and get immediate answers from available data.
This can lead to miscommunication, delays, cost overruns, and ultimately, project failure. Version Control Nightmares: Multiple versions of drawings, specifications, and contracts circulating among stakeholders can create confusion and lead to costly rework due to outdated information.
AIA provides the following general definition of the design-assist delivery method: Design Assist: Design Assist is a collaborative process where the contractor joins the design team early in the project to provide input, expertise, and cost-related insights.
Integrated project delivery software and support services embed robust LEAN planning, procurement and project delivery processes within a common data and cloud technology environment. Clearly defined mutually beneficial outcomes are easily supported within a robust and integrated evironment. Defined common data environment.
The answer lies in professionally implemented construction project management strategies that bring clarity to all activities, such as estimating , planning, collaborating, and managing resources. It requires great attention to detail and precise cost estimation so that the end result aligns with the initial budget and client expectations.
In fact, last year, the value of all commercial construction contracts signed in the Chicago area was close to $10.6 It’s not really a secret, but architects, engineers and commercial general contractors don’t always see eye to eye. Based on our backlog and client activity, we predict record growth in 2015.
The project leveraged four alternative delivery methods including: landside and airside construction management at-risk, a design-build-operate-maintain baggage team, design-bid-build award contracts and multiple design-build concession/tenant packages. Construction Management Co.:
It’s suggested that do prior data collection before buying land either by doing research online or seek help / Consultant from real estate agents or concerned persons regarding the effective cost of the same. An architect prepare plan according to building requirement, a number of flats, shops based on your requirements also budget.
Because they weren’t in a position to easily customize a structure for specific needs, any attempt to modify a standard offering typically caused the cost to grow disproportionately higher, making such changes impractical. The reliability of the software allows building plans to be rendered within days.
They assume a pivotal role in the planning and execution of construction projects, whether it involves renovation, expansion, or the construction of a new facility. During the Planning Phase of Construction: It is imperative for project owners to involve their facility manager from the outset.
The 10 or 30-hour training programs are in-depth certification plans, created by OSHA and administered by government authorized trainers. The contractor completing the job must submit proof that each employee has completed the training within 30 days of contract award. Also the state does not require the training to be renewed.
The company plans to hire approximately 40 new employees, which will bring Kervan USA’s Lehigh Valley workforce to about 50. Photo courtesy of LVEDC) The Lehigh Valley’s location, recent population growth, and cost of doing business were factors in the company’s site selection decision, according to Kervan executives.
The post Construction Budget Templates: A Complete Guide to Project CostPlanning [2025] appeared first on UK Construction Blog. A construction budget template serves as your financial compass, providing a structured framework to plan, track and monitor all project costs effectively.
(Photo: Adobe Stock/ lililia) By BF Editors From the May/June 2025 Issue W hen relying on logistics, choosing the right location for operations—such as distribution centers, manufacturing plants, and warehouses—is essential to maintaining efficiency, reducing costs, and meeting customer expectations.
Data Connector | Construction KPI Template: Quality – New customizable construction quality-based KPI template created specifically for teams to help identify and deliver key performance indicators at a project and cross-project level to assist General Contractors in achieving better business outcomes.
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