HardHatChat

JANUARY 18, 2011

Don’t always take the lowest bid. I know this is a tough one to follow as we all need to keep commercial construction budgets in check, but we saw too many companies go with pick-up truck contractors in 2010 only to be burned later. While bidding on the commercial construction remodel of a 500+ sq. Take a leap of faith.

Commercial 263

Commercial Bidding Negotiation Construction 263

Lets Build

JUNE 2, 2023

The success of any construction project hinges on multiple factors, including budgeting and scheduling, which impact the project’s completion. In fact, most contractors usually add a 10% margin error into their budgets and timelines as a contingency.

Project Management 148

Project Management Budgeting Budget Management 148

HardHatChat

MARCH 19, 2012

To ensure your restaurant opens on time and within budget, make sure you have your delivery dates nailed down and align yourself with an experienced restaurant construction firm. We recently gave a restaurant trade magazine some tips on budgeting for a restaurant construction timeline. Bidding process – this is usually 2 weeks.

Schedule 258

Schedule Construction Budget Budgeting 258

Construction Business Owner

DECEMBER 11, 2016

This recurring problem appears when final construction job cost comes in higher than the bid or contract project budget. I often hear company owners say that they bid using a 15-percent markup for overhead and 10 percent for profit. 1 challenge many contractors face is profit shrinkage or profit margin fade.

Profitability 192

Profitability Overhead Bidding Income 192

HardHatChat

MAY 31, 2012

Don't forget to vet your general contractor's background and experience when reviewing bids. Even though that sometimes means the good guy doesn’t win the bid. As businessmen, we understand you’re worried about commercial construction costs and adhering to a construction budget. Playing fair starts at the top.

Commercial 245

Commercial Union Chicago Bidding 245

HardHatChat

JULY 11, 2013

The summer always brings more commercial construction activity, more bids, and, as a result, higher pricing. The best general contractors should be able to give an “add alternate” bid when construction budgeting at the beginning of a project. Englewood recently began work on Season’s 52 in Chicago.

Commercial 276

Commercial Construction Bidding Chicago 276

Job Order Contracting

APRIL 25, 2022

contract term. Unlike traditional JOC or traditional design-bid-build, LEAN JOC is a collaborative process that focuses upon mutually beneficial outcomes for ALL participants and stakeholders. LEAN Job Order Contracting is an indefinite delivery, indefinite quantity program in which the costs of the project are.

Contract 228

Contract Change Orders Bidding Budgeting 228

HardHatChat

DECEMBER 19, 2018

In 2018 we saw a higher number than usual of competitive bid projects get killed by market pricing. However, it’s also important that we continue to talk with our clients and educate them on the realities of the current construction landscape to better align their budget expectation with today’s market. High: Remixing Retail.

Commercial 328

Commercial Retail Industrial Construction 328

Construction Business Owner

NOVEMBER 9, 2023

This recurring problem occurs when the final construction project job cost finishes higher than the bid estimate or budget. Estimators generally price projects using bids from their regular subcontractor and suppliers, plus their standard company production crew rates for labor and equipment.

Profitability 156

Profitability Bidding Estimating Budgeting 156

Job Order Contracting

DECEMBER 13, 2022

Existing tools and support services to mitigate waste/rework and enable consistent quality outcomes on time and on budget are readily available. Bid Management. Budget and Estimate versus Actual and Committed Budget Tracking. Contractor Proposal/Bid Management. Contractual collaboration commitment from all parties.

Sustainability 216

Sustainability Management Estimating Budgeting 216

Job Order Contracting

JANUARY 22, 2021

Studies have noted that ninety percent of associated projects can be deployed on-time, on-budget, and to the satisfaction of all participants and stakeholders. This is a clear improvement over the decades long running average level of only 10%-20% of all projects being deployed on-time or on-budget.

Renovating 242

Renovating Management Procurement Life Cycle 242

Construction Dive

JUNE 1, 2020

While the coronavirus may lead more firms to check out modular building techniques, experts say contractors should thoroughly understand the differences in bidding, scheduling, budgeting and more that go along with them.

Bidding 168

Bidding Budgeting Budget Schedule 168

Viewpoint Construction Technology

MAY 14, 2019

Staying proactive during projects by recognizing pitfalls and taking appropriate steps to avoid them limits accidents, ensures budgets and timelines remain on schedule and creates a more positive work environment. An overestimated or incomplete bid may mean you won’t win the jobs you need. Relying on Outdated Software.

Contractors 296

Contractors Software Software Accidents 296

Construction Business Owner

APRIL 25, 2022

Too many contractors finish their projects over budget on labor when crews work more hours than estimated in the bid. If your construction company self-performs work with your own crews, the key to success is making sure you bring in those labor costs on budget. T he biggest variable in construction is labor.

Products 156

Products Budgeting Budget Bidding 156

Construction Business Owner

MARCH 11, 2024

You can’t bid projects right unless you know your job costs, production rates, actual overhead and profit goal. You can’t stay on budget unless you know, update and track your job costs on a regular basis during the performance of building a project.

Profitability 156

Profitability Overhead Bidding Budgeting 156

Levelset

MARCH 11, 2022

Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. Unfortunately, low bidding is an accepted practice for both owners and contractors alike. Owners will say that focusing on the lowest bid possible ensures they get a good price. Who’s responsible for low-bid procurement?

Bidding 98

Bidding Cash Flow Contractors Procurement 98

Construction Business Owner

JUNE 8, 2017

Who won the bid? Pertaining to your self-performed work, what are the actual production rates compared to the budgeted production rates? We live in a competitive world. Who has the most marketing leads? What is your safety record? Is work being performed on time, and with the level of quality that is desired?

Roads 166

Roads Bidding Budgeting Budget 166

Construction Business Owner

FEBRUARY 9, 2024

You can’t bid projects right unless you know your job costs, production rates, actual overhead and profit goal. You can’t stay on budget unless you know, update and track your job costs on a regular basis during the performance of building a project.

Overhead 156

Overhead Bidding Profitability Budget 156

Construction Marketing

AUGUST 3, 2022

They can choose to either put up a bid or let general contractors bid to build the project. This process is called a design, bid, and build contract. Oftentimes, it is inadequate communication or poor budget planning that causes a delay in the completion of the building.

Project Management 221

Project Management Management Construction Feasibility 221

Job Order Contracting

OCTOBER 23, 2021

Leverage robust lean processes, locally researched detailed line item construction cost data, support services, and enabling technology to consistently delivery quality repair, renovation, sustainability, and new build projects on-time and on-budget at the lowest possible cost and with full financial visibility and transparency.

Procurement 203

Procurement Innovation Products Plans 203

Construction Business Owner

SEPTEMBER 23, 2019

As a contractor, while your bidding scenario may change, ultimately, you will be faced with the underlying questions, “Where did we get that number?” The simple truth is that if companies do not have the necessary tools and access to critical cost and productivity data, they are at great risk of missing the schedule and coming in over budget.

Bidding 163

Bidding Budgeting Budget Schedule 163

Job Order Contracting

APRIL 18, 2022

Robust processes and tools are readily available to assure the delivery of quality projects on time and on budget. From a historical perspective, traditional methods such as design-bid-build and others have failed. Owner leadership and commitment to drive required process changes is “all” that is needed. Tools and Services.

Procurement 212

Procurement Construction Schedule CSI 212

Job Order Contracting

SEPTEMBER 10, 2018

Empowering Owners with On-Demand Quality, On-Time, On-Budget Facilities Repair, Renovation, & Construction is what we do each and every day. The post Empowering Owners with On-Demand Quality, On-Time, On-Budget Facilities Repair, Renovation, & Construction appeared first on 4BT. info@4bt.us.

Renovating 100

Renovating Budget Budgeting Life Cycle 100

HardHatChat

FEBRUARY 14, 2013

As a result, we filled five commercial construction job openings recently to handle the inflow of bid work. We continued to harbor our relationships even though many commercial construction budgets were tabled and as a result, we are receiving an increase in negotiated bids.

Commercial 259

Commercial News Retail Construction 259

Viewpoint Construction Technology

JULY 19, 2017

Using estimating software simplifies bids, estimates, and financial project planning and makes the process somewhat foolproof. Coordinating actions and approving items quickly can keep jobs on time (maybe even ahead of time) and in some cases, under budget. Stay on top of schedules and budgets to avoid delays.

Viewpoint 239

Viewpoint Construction Schedule Estimating 239

ENR Construction

JUNE 10, 2022

The state blames inflation and a tight project schedule for the single, over-budget bid from Core Construction Services of $243.5

Bidding 78

Bidding Illinois Renovating Estimating 78

Job Order Contracting

JANUARY 19, 2021

Clearly, this process “reinvents the wheel” each time, and as a result rarely captures learnings, and in the end is typically characterized with adversarial short-term relationships driven by first-cost driven competitive bidding process. Clearly this level of performance has previously been elusive across the AECOO sector.

Management 214

Management Procurement Environment Life Cycle 214

Job Order Contracting

APRIL 14, 2022

The result is that most public sector organizations end up wasting millions of dollars and not receiving the benefits available Job Order Contracting – lower cost, higher quality, on time and on budget project outcomes. What you can do. In fact, when implemented properly, subcontractor quotes can be validated within a JOC environment.

Contract 213

Contract Procurement Consulting US 213

Construction Business Owner

DECEMBER 2, 2016

This recurring problem appears when final construction job cost comes in higher than the bid or contract project budget. I often hear company owners say that they bid using a 15-percent markup for overhead and 10 percent for profit. 1 challenge many contractors face is profit shrinkage or profit margin fade.

Profitability 120

Profitability Overhead Bidding Income 120

Viewpoint Construction Technology

MAY 11, 2017

It should be a part of your strategy to win more bids. If you’re still using paper to estimate and bid, you know it can be a slow moving, time draining process. In an effort to increase your profit margin, it’s imperative to accurately estimate labor hours, budgets, and costs without wasting time or money. Bid Day tool.

Estimating 130

Estimating Bidding Viewpoint Construction 130

Wolgast Corporation

MARCH 19, 2024

When K-12 School Leaders do reach a point where their District’s need for improvements is beyond what their operating budget can cover, they need to organize a team of professionals to set them up for building success. The AE/CM team then assists the District to identify the full scope, budget, and financial resources for their needs.

Plans 127

Plans Bidding Budgeting Budget 127

ENR Construction

JUNE 10, 2022

State blames inflation and a tight project schedule for single over-budget bid from Core Construction Services of $243.5

Bidding 69

Bidding Renovating Estimating Budgeting 69

Job Order Contracting

MAY 6, 2022

All the tools and services required to ensure that over 90% of projects are delivered in a quality manner, on time and on budget, however, major barriers have prevented their adoption. The traditional practice of design, bid, build has proven antagonistic, costly, and unsustainable. The “system” is broken.

Construction 193

Construction Bidding Renovating Budget 193

Job Order Contracting

FEBRUARY 3, 2022

All prequalified contractors invited to bid should submit sealed bids based on one or more adjustment factors / coefficients to the unit prices listed in the approved JOC unit price book (UPB). Develop a formalized reporting process (project status, timeline, budgets, issues, etc.)

Contract 194

Contract Bidding Organization Consulting 194

Lets Build

JANUARY 10, 2019

When funding is available in the government’s infrastructure budget, they will make a press release with various resources or announce for a “call for bids.” ” Part of the process at the beginning of any project needing quality work conducted is the need for estimations or bids.

Bidding 114

Bidding Budgeting Budget Estimating 114

HardHatChat

FEBRUARY 14, 2024

This has allowed us to perform at a high level, ensuring quality finished products, a maintained schedule, and being mindful of the budget. This is why we ask for detailed qualifications on their bid proposals. Here are several of the essential qualities we look for when we choose a subcontractor for a project: 1.

Commercial 295

Commercial Construction Schedule US 295

Job Order Contracting

OCTOBER 25, 2021

Waste is rampant to the extent that 80% or more of all projects are late, over-budget, and/or poorly completed to the dissatisfaction of participants and stakeholders. Supporting robust processes, tools, and training are readily available to assure on-time, on-budget, and quality outcomes 90%+ of the time. Leverage technology.

Renovating 200

Renovating Procurement Budgeting Budget 200