Remove Bidding Remove Overhead Remove Procurement Remove Schedule
article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 essential steps for effective project cost estimation and budgeting

Fieldwire

To say that winning bids is the key to success in construction is a half-truth. Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. Bidding on projects you have yet to gain experience in can broaden your horizons.

article thumbnail

The Simple Guide to Repair, Renovation, Construction Cost Control

Job Order Contracting

For example, comparing owner project estimates with contractor estimates, comparing planned scope, cost, schedule, resources, performance, and values against initial plans are all commonplace activities. Another important of LEAN construction procurement and project delivery is integrated change control relative to both scope and costs.

article thumbnail

LEAN OpenJOC(TM) Job Order Contracting for Sustainable Facilities Repair, Renovation, and Minor New Construction

Job Order Contracting

Benefits of an OpenJOC Job Order Contract implementation include an expedited procurement process, and consistent completion of quality projects on-demand, on-time, and on-budget per owners/contractor expectations. Best value procurement. Unit Price Books developed without overhead & profit. Lower bid prices.

Contract 100
article thumbnail

LEAN JOB ORDER CONTRACTING comes to NEW MEXICO

Job Order Contracting

Procuring and executing on-demand, on-budget, on-time, quality construction services has traditionally been difficult. Construction services decision-making should be accomplished collaboratively among technical teams, procurement, building users and builders. Think Locally. Your Needs Matter. Price Guarantee . New to JOC?

article thumbnail

Electrical Estimating Methods (RSMeans) - an exclusive estimating book for electrical estimators & contractors

Construction Cost Estimating

With this book the electrical contractors will be able to provide the total cost for materials, labor , overhead and profit precisely. This edition is aimed at revealing recent labor–hour productivities and practices for procuring material prices compliant with legitimate industry standards and most excellent practices.