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Commercial Construction Project Planning: 3 Warning Signs Your Budget Might Go Bust

HardHatChat

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services.

Budget 337
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2022 Construction Cost Changes

Construction Business Owner

Cost changes you need to know for key construction materials, labor & equipment. Material price hikes. Budgets have gone through the roof. Projects have been halted by material scarcities. And the shelf life for bids and estimates has dropped from weeks to days. construction materials. Greg Ragsdale.

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Commercial Construction Building Material Costs: Buy Now or Later?

HardHatChat

Commercial construction contractors can save clients thousands of dollars by knowing the right time to buy certain materials. The spot is about the costs of commercial construction and how buying building materials in bulk can help GCs save money and bring down a construction project bid so they win the contract.

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Granular Local Market Cost Data is Essential for Construction Cost Visibility & Management

Job Order Contracting

Granular Local Market Cost Data is Essential for Cost Visibility & Management (Repair, Renovation, Maintenance, & New Builds) Using current, verifiable, and detailed local cost dat a instead of national averages with adjustment factors ensures: Cost transparency All labor, material, and equipment costs are broken down and verifiable.

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Living in a Materials World

Viewpoint Construction Technology

Effectively managing the materials on jobsites with modern software can have a significant impact on contractors bottom lines. Every built environment turns raw materials into polished projects. But along the way, those material costs can start to add up, especially if the materials aren’t procured and managed properly.

Materials 247
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How Trusting Relationships Build Better Commercial Construction Projects

HardHatChat

For us, this arrangement is far more preferable to the common competitive bid process. In the competitive bid process, clients typically write the smallest check possible up front, but if things go wrong during commercial construction, as they often do with low-quality subcontractors, costs can come back to bite them.

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Commercial Construction Project Management Trends: How to Survive the Incredible Shrinking Timeline

HardHatChat

One of the biggest challenges for commercial construction firms today is the tighter project timelines that have become the norm at every phase of a project – from shorter deadlines for submitting initial bids and budgets, to quicker resolution on addendums and change orders, to compressed schedules for construction and delivery.