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Steady, reliable cash flow is crucial for the survival of your construction business – so taking steps to ensure your customers pay promptly is a key priority. Debtor days refer to the length of time it takes clients, on average, to pay you for the work you've done. A higher number of debtor days means clients take longer to pay you. A lower number of debtor days means clients take less time to pay you, which means there's more cash available for your business to use.
Planning, construction, and renovation to create more resilient and environmentally compatible buildings minimize costs and save lives. Disasters caused $210 billion worth of damage around the world in 2020 – a significant increase on 2019’s figure of $166 billion. Rebuilding after a disaster has become prohibitively expensive. Via Four BT, LLC – www.4bt.us – Integrated planning, procurement, and project delivery solutions for the built environment.
What’s new with Autodesk Build ? This month, we’re thrilled to show you over 30 new releases for our project management, cost , and field collaboration solution. Dig in below to learn how our new product releases and enhancements provide more flexibility and options to help you build better. . Jump to releases by type: . Highlighted Release. Bridge.
Construction firms that rely on fixed budgets and outdated procurement methods are losing ground fast.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. Learn how to structure contracts with price protections, streamline procurement workflows with automation, and avoid labor cost increases with smarter workforce planning.
In order to successfully attract and retain talent, some construction companies are transforming themselves into places where people not only want to work but also where they’ll actually want to stick around.
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In order to successfully attract and retain talent, some construction companies are transforming themselves into places where people not only want to work but also where they’ll actually want to stick around.
Understanding the value of a locally researched detailed construction cost database is important to any real property owner, architect, engineer, or builder. CREATION. A significant amount of time and experience is needed to develop a verifiable unit price cost database that reflected local market conditions and can be easily used and maintained. The process is complex and involves significant deep and breadth of knowledge and capability, including cost research, cost engineering, data archite
Equip Your 2022 Projects With the Right Construction Data and Stats for Success. Construction industry statistics and data are playing an increasingly important role in the building sector. From measuring bid-to-win ratio, to how much a project is over budget or schedule, and KPIs , the more numbers you can put behind your work, the better. Data not only allows for more visibility into the state of a particular project, but relevant industry statistics and facts can provide valuable information
Restoration contractors can spend a lot of time waiting for payment. Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging th
Whether it’s value for employees, value for clients, or value for partners, any fresh idea or innovative concept is only as good as the value it delivers. Here are four business aspects with special meaning for construction companies.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Should Areas Cost Factors be used for Construction Cost Estimating? There are multiple False Assumptions associated with Area Cost Factors. As a result, more than 40 years after the introduction of area cost factors (ACFs), the federal government is no closer to its goals of having construction cost estimates match actual construction costs, or properly adjusting for regional (location based) variances.
How Upgrade Estate uses Autodesk Construction Cloud to build more sustainably avoiding 9,000 preconstruction clashes on just one project. Upgrade Estate provides housing for students, young professionals, and growth companies in Belgium. They strive to increase social impact in a value-driven context through an economically sustainable model. While real estate forms the backdrop, Upgrade Estate provides the setting where people connect, study, live and build a network for life.
A toilet that keeps clogging can not only be annoying but also a major sign of a serious plumbing problem. Knowing what’s causing the blockage is the first step to fixing the problem. While you can easily fix some of the issues that cause your toilet to clog with a change of habits or DIY troubleshooting, some may require the services of a plumbing company.
There is plenty of talk about safety in construction. While many safety efforts aim to reduce costs, people are also discussing the greater benefit of reducing pain and suffering.
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Carbon modeling tool for the facilities capital delivery process. Assess carbon over the whole life of constructed assets. Align carbon and costs. Develop carbon options. Capture data and monitor carbon targets. 40% reduction in construction carbon emissions. Components. The two components of the Carbon Planning Tool are: · Carbon Modelling Tool – top-down whole life carbon assessment and optioneering, used during the project appraisal phase to enable quick and simple carbon as
At Autodesk, we’re more than a technology provider. We’re a partner to our customers. That’s why our product teams are always looking for new ways to help our customers build faster, safer, and more cost-effectively. . This month, we’re thrilled to showcase nearly 50 new releases for Autodesk Construction Cloud products. From new ways to share data to enhancements for cost management, we’ve highlighted all the new releases and updates you need to know about here. .
Defintion A map is a visual drawing of a whole region or some of a locality that’s often shown on a flat surface. What is Map? A map’s purpose is to depict precise and elaborated aspects of a particular location, most ordinarily want to show geography. There are many types of maps, together with static, […].
Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.
Purchase terms for The Wild, a technology firm with an immersive virtual/extended reality environment for industry professionals and a dedicated virtual meetings tool, were not disclosed.
Digital transformation is a wave that has not only catalyzed business growth—it has helped companies remain buoyant during the COVID-19 pandemic. Unfortunately, as great a wave as digital transformation has been, its ripples have yet to wash upon the shores of the construction industry. According to the latest study by McKinsey Global Institute, construction remains one of the least digitized industries in the world, ranking just above the likes of agriculture.
What is wall putty Wall putty is a white cement substance that is mainly used to even out the wall surface and make a leveled surface for further coats of paints. Putty helps to feel small cracks, holes, and remove some kind of undulation of walls. In the long process of painting, putty is considered […].
Cybersecurity provider Spotit will create more than 100 jobs over the next five years on North Carolina State University’s Centennial Campus in Raleigh.
Generative AI is already transforming how the construction industry operates. This concise guide walks you through its real-world impact on design, planning, job site logistics, and sustainability. Learn how contractors are using AI to reduce costs, improve worker safety, and shorten build times. Get a detailed look at the tools and platforms making it possible, including AI-driven robotics and material optimization.
On 28 February 2022, the Infrastructure and Projects Authority (IPA) published its latest guidance to contracting authorities (CAs) on preparing for PFI contract expiry. It provides practical guidance on managing expiry and service transition. We have previously written about the IPA’s earlier guidance and its PFI expiry health check report. The guidance is also relevant to private sector entities including investors, funders, asset managers and market suppliers.
As Australian state and territory governments mobilise to achieve net zero carbon emissions by 2050, so too is the infrastructure industry. . Achieving such a goal is by no means simple or linear; it requires a whole-of-business, systems-based approach across every asset lifecycle. In other words, the way forward demands new thinking, strategy and action from every organisation, team and individual.
U.S. Securities and Exchange Commission proposal would seek standardized disclosures of climate-related risks and greenhouse gas emissions to investors for the first time.
In a joint venture, Stellantis and LG Energy Solution will invest $4.1B in Canada's first large scale, domestic, electric vehicle battery manufacturing facility in Windsor, Ontario.
Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network
In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting. That’s where data-driven construction comes in.
Construction projects have become increasingly complex over the last few years. Expectations are higher, more people are involved, and a staggering amount of data is being produced with every project. There’s also the issue of risk. Research from KPMG indicated that 78% of engineering and construction firms agree that risk is increasing. .
But the former president of Bondfield Construction, once a major Ontario public contractor, will appeal the repay order, which the court said is based on a bankruptcy monitor's allegation of fraudulent invoicing.
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