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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.
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?
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.
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.
Terminal C’s design successfully navigated an aggressive four-year construction schedule without disrupting airport operations. Albuquerque, New Mexico Project Team : Owner: Bernalillo County, New Mexico Civil Engineer: Bohannan Huston and Molzen Corbin General Contractor: AUI Inc. Construction Management Co.:
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? What are your site criteria, i.e., size of property; general part of town/city, etc.;
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.
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.
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.
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.
Information of Construction RiskManagement. Construction riskmanagement is a long steep process, in which we have to calculate the all-possible risk and determine the process by which we can reduce this type of risk. Where we identify, analyze the risks and work over them.
" 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. The Reporting Agent can generate or consolidate reports into a weekly summary, such as overdue RFIs.
Hensel Phelps has been selected to provide Construction Manager at Risk (CMAR) services for the Concourse A Reconstruction Project at Nashville International Airport (BNA) by the Metropolitan Nashville Airport Authority (MNAA).
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.
Understanding the term “”general conditions”” is crucial for all parties involved. These conditions lay the groundwork for how a project will be managed, defining the responsibilities and expectations of both the client and the contractor. What Are General Conditions?
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.
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.
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.
With the possibility of materials pricing rising, especially in today’s market, this presents risk due to currency exchange rate fluctuations. . Managing the procurement process and properly tracking costs with international suppliers is critical to help mitigate risk. This process isn’t always easy. invoices, pay apps, etc.)
None of this would be possible without efficient and careful construction project management planning and construction managers. Construction project management plays a vital role in ensuring that all the buildings around us are built safely and on time. What does the construction project management team do? .
Traditional project delivery modes have shown to repeatedly fail to deliver value to owners, designers, and end users, building users, and the general community. Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. Developing Contract. Budget and Schedule.
Effective cash flow management and data accuracy are crucial to maintaining financial health and operational efficiency for construction and service businesses, like specialty and mechanical contractors. In today’s competitive and operationally complex construction industry, businesses face numerous internal and external risks.
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.
This month, we’re thrilled to show you over 30 new releases for our project management, cost , and field collaboration solution. Document Management Releases. Cost Management . Account Level Cost Management Library Templates . Main Contract Collaborate Permission* . Project Management Releases .
MGD, to mitigate the risks of aging infrastructure and increase the city’s wastewater collection and treatment efficiency. The expansion project is scheduled to be completed in early 2028. McCarthy Building Companies, Inc. and Ardurra , which is serving as the city’s advisor on the project.
Reading Time: 5 minutes Introduction In a highly digitized sector, construction document management is no longer a luxury but a core necessity that is key for project wins. The article dives deep into construction document management software solutions in the year 2025 that connect with technical and unique features and adoption suitability.
Cost management is one of those areas of a project that should never be neglected. General contractors have seen the benefits, and we’re going to show you why fellow owners love it too. General contractors have seen the benefits, and we’re going to show you why fellow owners love it too. But SOV management can be time-consuming.
Demolish bidding data silos & unlock insights: A primer for precon leaders Led by speakers Mary Holm, Senior Manager, Software Development Preconstruction, Autodesk, and Alice Adelman, Integration Solutions Engineer, Autodesk. VDC Technical Leader, SSOE Group, and Lisa Lewis, Project Management Assistant, SSOE Group.
This includes pre-construction and planning phase activities including initial owner scope of work as well as all related planning, procurement, and project management processes. A construction cost audit and associated checklist are important riskmanagement and LEAN construction planning, procurement, and project delivery tools.
While design professionals grabbed this bull by the horns years ago, and project estimators soon thereafter, project managers who know how to use AI tools to increase productivity and lessen risk are becoming increasingly common as well – and for good reason. Those who ignore its benefits are at a significant disadvantage.
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. . Cost Management | Account Level Cost Management Library Templates – coming soon . Cost Management | Executive Level Cross Project Budget Report – coming soon .
Construction Management at Risk (CMAR) is a project delivery method that has become increasingly popular in the construction industry due to its unique approach to managingrisk and ensuring project success. Understanding Construction Management at Risk (CMAR) What is CMAR?
However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. There are common risks that are prevalent in every construction loan program. Budgeting problems.
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.
A generalschedule and timeline. Documentation about local contract laws. 2: General Conditions. The general conditions contract goes over the contractor’s obligations. This kind of document is an extension of the general conditions document. . 8: Construction Schedule. 9: Schedule of Values.
Wilson, a construction management firm out of St. Wilson into PlanGrid Unlimited but also started explaining this new construction management software that we hadn’t released yet–Autodesk Build. We were discussing the gaps they wanted to close in their project management process. The feedback from Project Managers slowed.
It minimizes the risks of construction site accidents and promotes a safer environment for its employees. In this article, we will explore the types of inspections and what to include in the checklist to help you effectively manage the site and ensure successful construction projects.
Struggling to keep your construction projects on schedule and within budget? With the growing complexity of construction projects, managingschedules, resources, and budgets have become a major challenge for construction managers. Fortunately, there’s a solution: construction scheduling software.
From floors failing before substantial completion to skyrocketing change orders for never-ending densifier applications to the billions lost through delayed schedules, legal disputes, and contingency hemorrhaging, enough is enough. Owners and design teams are not protected by todays inadequate and vague polished concrete specifications.
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. Out of sequence work. Unavailability of manpower.
building codes and standards vary by state and region, but the International Residential Code (IRC) is generally followed. They are generally more affordable and quicker to build, making them suitable for first-time homeowners or those on a tighter budget. Lastly, request a clear cost breakdown and contract.
This is especially true for commercial and residential construction sites, where plumbing contractors play an essential role between general and specialty contractors alike. The plumbing contracting industry continues to grow at a promising rate. Plumbing Contracting in 2022 and Beyond.
Construction Management is a form of contract within the construction industry that is used throughout the world. Unlike lump sum contracts, construction management allow the general contractor to take on a universal role to help manage the overall project. How Is Construction Management Different?
Everything you need to know about construction quality and how to manage it. We’ll examine what is quality management, how construction quality is determined, what can stand in the way of quality programs, and what processes you can put in place to ensure the highest quality for any job. Quality is what separates the good from the bad.
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