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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.

Budgeting 337
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2022 Construction Cost Changes

Construction Business Owner

2022 Construction Cost Changes. Cost changes you need to know for key construction materials, labor & equipment. The construction industry has never seen anything like the past two years — and it’s showed in the cost of construction work. Budgets have gone through the roof. construction materials.

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

Job Order Contracting

Better contractor alignment Estimates match how local subcontractors and suppliers bid , reducing disputes. Real-time, granular, locally researched data is essential for Lean construction, JOC, and Progressive Design-Build to ensure cost transparency, prevent budget overruns, and enable informed decision-making.

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How Trusting Relationships Build Better Commercial Construction Projects

HardHatChat

Englewood Construction is currently negotiating a contract with Mrs. Green’s to convert former Fox and Obel in Chicago. Like most businesses, the commercial construction industry is a relationship business. For us, this arrangement is far more preferable to the common competitive bid process. Setting expectations.

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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.

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Build Better: Partner with IUPAT Success

Construction Business Owner

mhodges Wed, 02/05/2025 - 16:09 Elevate Your Business: The Strategic Advantages of Partnering with the IUPAT As a contractor, one of your top priorities is delivering high-quality projects on time and within budget. One of the biggest risks in construction projects is labor disputes, which can cause costly work stoppages and delays.

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Commercial Construction Delivery Methods: 3 Times To Go With A Negotiated Bid

HardHatChat

Any long-time readers of Hard Hat Chat have probably picked up on the fact that I’m a big fan of the negotiated bid. The GC then works with the client to budget the job based on pricing from subcontractor partners. Many large or complex construction jobs are budgeted and built out in phases. It’s A Multi-Phase Project.