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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. Competitively Bidding the Project.

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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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10 Budget Tips for DIYers

Construction Marketing

But, most DIY tasks fit into our busy schedules. Let’s now take a look at 10 budget tips for DIYers. Estimate the Prices. For each item created on your to-do list, it’s important to include an estimated price of the things you intend to buy or tools you may need to rent. Estimate the Time. Create a List.

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Credible Construction Estimate Core Elements

Job Order Contracting

A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

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Better Manage Construction Costs Schedules and Quality

Job Order Contracting

Over eighty percent (80%) of construction projects are over-budget, late, or not competed correctly. Sixty (60%) percent of all project fail to meet both cost and and schedule targets. Fortunately there are proven processes to better manage construction costs, schedules, and quality.

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3 Reasons to Reach Out to Your General Contractor During the Commercial Construction Process

HardHatChat

In the case of an existing property, this exercise could include anything from identifying infrastructure that can be reused for cost savings, to spotting potential structural concerns or issues that might involve costly remediation – both of which could have big impact on a construction budget and schedule.

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The Most Common Reasons Construction Projects Are Delayed

Viewpoint Construction Technology

When a job is behind schedule, it impacts everybody on the project, and likely the next scheduled project or build. Estimates get thrown off, rush fees ensue, and general disdain for the job can surface. Accurate estimating ensures there is always enough money for materials, wages, and more. Subcontractor schedules.

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