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How project managers are using technology to ensure on-budget and on-time construction

Lets Build

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. This provides a single source of truth to drive your construction engine.

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8 essential steps for effective project cost estimation and budgeting

Fieldwire

Estimating project costs correctly and managing the budget accordingly are just as vital. All subcontractors make project cost estimation and budgeting errors. Follow these eight essential steps to estimate project costs and budget funds effectively to prevent grave miscalculations. Quality must take priority over price.

Budget 52
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How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

Every construction project is uniquely different, and the distinctive characteristics of the industry - such as high-cost intensity and lengthy durations - also add an additional layer of complexity to the risk landscape. The Importance of Project Risk Planning. Workflow of Risk Planning. treating the risks.

Risk 59
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4 ways to prevent major bottlenecks in construction projects

Lets Build

Building quality, meeting deadlines , and staying on budget are all factors of success. There’s never an ideal amount of physical space on a construction site, leading to safety risks and logistical bottlenecks. Risk management. The result is bottlenecks that can lead to a higher risk profile and greater risk of incidents.

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What is preconstruction and why it’s important

Lets Build

How you integrate preconstruction planning into your processes will vary based on the project, but there is one common goal of preconstruction: heading off issues before they cause you to go over budget and miss deadlines. During preconstruction, every stakeholder comes together to discuss the project details—schedule, budget, etc.

Schedule 143
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5 effective ways to simplify complicated construction project management tasks

Lets Build

You have limited resources but must plan for every scenario to finish your projects on time and on budget. Improve your task management processes Complicated construction project management tasks lead to cost and budget overruns, avoidable delays, and significant risks to the project’s overall quality.

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The top 5 construction project management challenges and what to do about them

Lets Build

Construction projects are prone to more risks than most other industries—each project is unique, and there are endless factors that can impact its outcome. Budgeting and cost overruns. Safety and risk management. Assess those risks based on their probability and severity of impact.