Construction Business Owner

APRIL 6, 2022

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. And the shelf life for bids and estimates has dropped from weeks to days.

Construction 331

Construction Bidding Materials Budgeting 331

Construction Business Owner

OCTOBER 5, 2018

All the time, effort and energy invested in winning a good construction contract or building a loyal customer relationship, which allows you to negotiate on a project, is wasted with an inaccurate or incomplete estimate. So, instead, you must help your estimator prioritize.

Estimating 169

Estimating Bidding Negotiation Contract 169

HardHatChat

AUGUST 28, 2018

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Competitively Bidding the Project. To be clear, we manage plenty of competitively bid projects that we keep well-within the client’s budget expectations.

Budgeting 337

Budgeting Budget Commercial Plans 337

Job Order Contracting

APRIL 3, 2021

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Uniformat level and/or assembly level, or building level cost data is useful for budgeting purposes only, and should not be used for bidding, procurement, and execution actual projects with builders, construction managers, etc.

Estimating 167

Estimating Construction Procurement Renovating 167

Construction Business Owner

JULY 10, 2018

Do construction contractors that win 100 percent of their business through the low-bid process need marketing? After all, as a low-bid construction business owner, your fate lies strictly in the ability of a hard-nosed, creative estimator to bring in new work on bid day.

Bidding 189

Bidding Contractors Estimating Construction 189

The Constructor

DECEMBER 28, 2019

The construction cost estimates are viewed from different perspectives based on different institutional requirements. There are several types of cost.

Estimating 189

Estimating Construction Bidding Engineering 189

Job Order Contracting

MAY 12, 2020

Here is a recommended list of considerations if you are seeking the best construction cost estimating solution for your organization. Collaborative environment – Even if there is only one estimator, it is critical to share current, actionable information with multiple internal and external parties.

Estimating 149

Estimating Life Cycle Construction Documentation 149

Construction Business Owner

JUNE 26, 2013

How many times have your estimators or you uttered the phrase, “That firm is bidding below cost”? While not all contractors are responsible bidders, if you are facing credible competition that seems to be bidding below cost, you probably need to ask yourself if you know your costs to execute work. Understand Your Costs.'

Bidding 172

Bidding Profitability Estimating Contractors 172

Viewpoint Construction Technology

MAY 11, 2017

There are many reasons to adopt integrated construction software , including flexibility, organization, and project management. Using a web- or cloud-based software solution is also the best way to increase your estimate accuracy and improve profitability. It should be a part of your strategy to win more bids. Bid Day tool.

Estimating 130

Estimating Bidding Viewpoint Construction 130

Job Order Contracting

JULY 9, 2019

LEAN Construction Cost Estimating Drives Optimal Performance. LEAN Construction Cost Estimating. Detailed line item construction cost estimating is a core component of LEAN construction and measurably improved outcomes. Focus upon detailed line item estimating by discrete tasks.

Estimating 130

Estimating CSI Construction Bidding 130

Job Order Contracting

AUGUST 4, 2023

Many in the public sector are unaware of the construction cost estimating issues caused by the use of national average cost data and location factoring. They are not intended to be used when preparing appropriation-quality estimates. Here’s short summary of those problems noted by independent third parties. Peitlock, B.A.,

Estimating 170

Estimating Construction United States New Mexico 170

Job Order Contracting

APRIL 29, 2020

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. see LEAN construction guide ). see LEAN construction guide ). appeared first on 4BT.

Estimating 151

Estimating Procurement Life Cycle Construction 151

The Constructor

DECEMBER 28, 2019

The construction cost estimates are viewed from different perspectives based on different institutional requirements. There are several types of cost.

Estimating 162

Estimating Construction Bidding Engineering 162

Job Order Contracting

OCTOBER 1, 2022

Without granular, line item Local Market Construction Cost Data you can’t have a verifiable estimate. Construction, Renovation, Repair, and Maintenance Costs – RELIABLE Local Market Construction Cost Data is now available, and updated quarterly, without any factoring. Copy/paste estimates.

Construction 232

Construction Estimating CSI Comparison 232

HardHatChat

JULY 11, 2013

The summer construction season often brings rising costs. Construction season is upon us, and you know what that means…rising commercial construction costs. The summer always brings more commercial construction activity, more bids, and, as a result, higher pricing. Don’t skimp on architects. Design Build Firms.

Commercial 276

Commercial Construction Bidding Chicago 276

HardHatChat

DECEMBER 19, 2018

A strong pipeline of senior living construction was a “high” of 2018. So before we officially ring in 2019, here is our rundown of Englewood Construction’s commercial construction trends “highs” and “lows” from 2018: High: A Sizable Senior Living Pipeline. An overall rise in construction material costs.

Commercial 328

Commercial Retail Industrial Construction 328

The Constructor

AUGUST 10, 2016

The Estimation of bid price or tender cost of a construction project is calculated as the sum of the total cost of construction and mark-up price.

Bidding 100

Bidding Estimating Construction Documentation 100

Construction Business Owner

AUGUST 14, 2018

For most independent estimators, bid day isn’t (as the name suggests) one, crazy day that revolves around a single, prospective job. Unlike general contractors (GCs), who run a team of people grinding out final numbers, these estimators have rolling deadlines and proposals due daily, making every day bid day.

Bidding 137

Bidding Estimating Contractors 137

Construction Marketing

JANUARY 24, 2024

In the ever-evolving landscape of the construction industry, where precision meets creativity and innovation, effective marketing strategies are paramount for attracting top-tier talent across diverse construction job categories. Architects Design and plan construction projects, considering both aesthetic and functional aspects.

Construction 308

Construction Project Management Electrical Safety 308

Construction Business Owner

MAY 16, 2023

The Importance of Accounting Estimates in an Uncertain Economy ccapoccia Tue, 05/16/2023 - 13:49 “A journey of a thousand miles begins with a single step,” was the saying of Lao Tzu, an ancient Chinese philosopher. These estimates provide management with a foundation to effectively interpret costs, profitability and bid processes.

Accounting 156

Accounting Estimating Finance Bidding 156

Best Practices Construction Law

MARCH 18, 2021

The dispute is currently in the discovery phase and the City filed a motion to compel the contractor’s internal pre-bid documents and bid estimates, as well as the subcontractor’s base documents. ” My littlest chuckled.

Documentation 118

Documentation Claims Bidding Estimating 118

Viewpoint Construction Technology

JULY 19, 2017

Estimates get thrown off, rush fees ensue, and general disdain for the job can surface. Working with integrated construction software can keep everyone on the same page, jobs and duties on time, equipment and worker status visible, and timelines transparent. Correctly allocating a work crew can make or break a construction timeline.

Viewpoint 239

Viewpoint Construction Schedule Estimating 239

Job Order Contracting

MARCH 24, 2020

-+. Construction Cost Estimating – LEAN. This paper ” Construction Cost Estimating-LEAN” discusses the positive impacts of collaboration, a common data environment, and locally researched detailed line item construction cost data. Loss of cost estimating expertise at a detailed line item level.

Estimating 115

Estimating Construction Renovating Procurement 115

Construction Business Owner

AUGUST 19, 2015

Estimates are the lifeblood of the construction business, and yet the estimating process represents one of the greatest challenges for contractors and project owners.

Estimating 120

Estimating Bidding Contractors Construction 120

Job Order Contracting

JANUARY 22, 2021

Introduction – 2021 Facilities Repair Renovation and New Construction Cost Management spans multiple principles, practices, domains, and more. The post 2021 Facilities Repair Renovation and New Construction Cost Management appeared first on 4BT. Sample Workflow. Project Procurement and Delivery Environment Comparison.

Renovating 251

Renovating Management Procurement Life Cycle 251

Job Order Contracting

OCTOBER 23, 2021

The innovative 4BT OpenBuild/OpenJOC(TM) Framework integrates planning, procurement, and project delivery to improve construction productivity. The post Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity appeared first on 4BT. All projects follow a core programmatic process.

Procurement 214

Procurement Innovation Products Plans 214

Autodesk Construction Cloud

JUNE 7, 2023

Inaccurate estimates might not be the root of all evil, but they sure can derail a project. Far and away one of the most common reasons, however, is inaccurate budget estimates. When it comes to construction, estimating costs is a towering challenge. When it comes to construction, estimating costs is a towering challenge.

Estimating 98

Estimating Construction Budgeting Budget 98

Viewpoint Construction Technology

APRIL 23, 2019

6 reasons your construction projects are not being completed on time and how to avoid them. It’s both frustrating and costly for contractors when a construction project is postponed. There are some reasons, like weather that are beyond your control, but most construction project delays can be avoided. Budget Inaccuracies.

Construction 237

Construction Software Software Estimating 237

Construction Business Owner

DECEMBER 2, 2014

Stan constantly struggles with the demands of owning and managing his business, from working on bids, estimating, ordering materials and scheduling 25 field workers to coordinating equipment, fielding phone calls and visiting jobsites daily. To make matters worse, cash flow is tight and he often has to cut prices to win work.'

Cash Flow 194

Cash Flow Bidding Schedule Estimating 194

Construction Business Owner

AUGUST 15, 2018

Matt Vetter, vice president of Schafer Construction Inc., has tried a multitude of bidding tools over the years, with varying degrees of success.

Bidding 121

Bidding Software Software Michigan 121

Autodesk Construction Cloud

JUNE 12, 2023

Construction bidding is a great act of orchestration on any project complete with a broad range of complexities and activities that happen before breaking ground. Construction bidding technology enables teams to manage and automate various aspects of the bidding process.

Bidding 98

Bidding Software Software Construction 98

Cassell Construction Estimating

OCTOBER 5, 2023

Timberline Estimating Training – Bid Day Emergency – File Won’t Open I had an urgent support call recently from one of our Montana contractors who use Timberline Estimating. Here’s the scenario: It’s Bid Day, getting down to the last hour before the bid is due. The good news is that this is easy to fix.

Estimating 100

Estimating Bidding Montana US 100

Job Order Contracting

DECEMBER 13, 2022

Traditional methods for planning, procuring, and delivery repair, renovation, maintenance, and new construction are incapable of consistently delivery of quality outcomes on time and on time. Automated Estimate Comparison. Bid Management. Budget and Estimate versus Actual and Committed Budget Tracking. Issues Management.

Sustainability 228

Sustainability Management Estimating Budgeting 228

Autodesk Construction Cloud

JUNE 24, 2022

Construction projects have gotten more complex over the years, and material and labor costs are increasing. Census Bureau indicates that construction spending reached $376.6 New opportunities and challenges highlight the importance of producing accurate estimates. Jump to sections: What is Construction Estimating Software?

Estimating 94

Estimating Software Software Construction 94

Viewpoint Construction Technology

JUNE 28, 2017

Construction sites are a sort of controlled chaos. Different styles of leadership on a construction site have a direct impact on how the project can turn out, with great leaders influencing high performance and respect from crews and subcontractors. Construction projects have a better chance of success under good leadership.

Viewpoint 233

Viewpoint Construction Safety Equipment 233

Construction Business Owner

MAY 9, 2016

Profit margin shrinkage starts when the estimator prepares a bid based on the cost of completion he thinks a job might require versus the cost history of similar, completed jobs.

Estimating 227

Estimating Bidding Profitability Contract 227

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 239

Contract Change Orders Bidding Budgeting 239