HardHatChat

MAY 15, 2013

We thought it might be a good time to check-in on the performance of the hotel industry and hospitality construction trends. Luxury stand-alone hotels in large urban areas, mid-market hotels geared toward business travelers and budget stay family friendly hotels have all helped boost the commercial construction industry this year.

Contractors 222

Contractors Chicago Commercial Travel 222

Viewpoint Construction Technology

MAY 14, 2019

Staying proactive during projects by recognizing pitfalls and taking appropriate steps to avoid them limits accidents, ensures budgets and timelines remain on schedule and creates a more positive work environment. But they also know that working smart helps limit issues. Ignoring Proper Equipment Management.

Contractors 296

Contractors Software Software Accidents 296

Viewpoint Construction Technology

OCTOBER 23, 2018

Data analytics and business intelligence have become hot topics in construction as firms are seeing the benefits other industries are realizing. The industry as a whole is looking for ways to help contractors get smart about data. Bidding Smarter and Winning More Work. Transitioning from Analytics to Predictive Analytics.

Construction 241

Construction Software Software Cash Flow 241

Autodesk Construction Cloud

MARCH 23, 2022

Construction industry statistics and data are playing an increasingly important role in the building sector. From measuring bid-to-win ratio, to how much a project is over budget or schedule, and KPIs , the more numbers you can put behind your work, the better. Undoubtedly, the construction industry is very complex.

Statistics 98

Statistics Industrial Autodesk Construction 98

Autodesk Construction Cloud

AUGUST 11, 2021

Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. The challenge with forecasting is that it’s often a time-consuming process making sense of scattered data , various spreadsheets, and multiple disconnected processes or systems.

Cash Flow 52

Cash Flow Forecasting Autodesk Construction 52

Viewpoint Construction Technology

JANUARY 17, 2018

But contractors also have to deal with a mountain of data relevant to managing the business operations to ensure construction projects are completed on time and on budget. If you already have a generic ERP, you’re probably aware of some of the common pitfalls of using software not designed specifically for the construction industry.

Software 208

Software Software Construction Documentation 208

Construction Marketing

SEPTEMBER 13, 2010

Marketing budgets are being scrutinized more than ever before. This whitepaper will consider the different types of marketing plans, how to establish marketing budgets, and how much some top construction brands spend on marketing. Marketing Budgeting. Often budgets are developed using a combination of these approaches.

Plans 121

Plans Budget Budgeting Construction 121

Building Radar

NOVEMBER 5, 2024

By analyzing historical data, construction companies can forecast future market conditions and adjust their strategies accordingly. Building Radar offers detailed project data that helps companies allocate resources effectively, ensuring that projects are completed on time and within budget. The Role of Data in Business Development 1.

Construction 52

Construction Resource Profitability Deals 52

Lets Build

FEBRUARY 3, 2017

For that reason, weather alerts are vital for the industry both in terms of budgeting and safety. A weather alert system, is a system that triggers warning alerts in case that weather forecasting exceeds a certain threshold. 2) Could you name some different industries where a weather alert system could be helpful?

Forecasting 114

Forecasting Construction Deals Project Management 114

Lets Build

APRIL 1, 2020

Stay on budget. A thorough project manager needs to forecast and determine the work that needs to be done for the proposed project. Stay on budget. When the project starts, you are the one who needs to make sure the crew doesn’t go above the budget. What are the responsibilities of a project manager in construction?

Project Management 173

Project Management Management Construction Drafting 173

Autodesk Construction Cloud

JANUARY 17, 2024

Research from Gordian found that in 2023, the construction industry saw a 5.3% Utilize cost and estimation data Tap into historical and actual data to forecast and plan for expansion, repairs, and rehab. This also means you don't have to rely on guesswork to make resource allocation, budget, and timeline decisions.

Autodesk 122

Autodesk Construction Forecasting Safety 122

Construction Business Owner

SEPTEMBER 1, 2022

The better your inventory records are, the easier this process — and the more accurate your demand forecasting—will be. To avoid this, you should abide by all industry standards for storing construction materials, especially if you do business in a harsh climate. Construction inventory is expensive. About Sortly.

Inventory 226

Inventory Resource Construction Materials 226

BD+C

JUNE 3, 2024

Escalation: Predicting project costs in a volatile market 0 qpurcell Mon, 06/03/2024 - 12:26 Construction Costs Thad Berkes, Chief Cost Estimator, Design Collaborative, shares that one of the major hurdles that Design Collaborative attempts to forecast for its commercial construction projects is escalation.

Forecasting 85

Forecasting Estimating Commercial Materials 85

Buisness Facilities Contributed Content

FEBRUARY 10, 2014

The worldwide market for industrial electronics semiconductors ended 2013 on a strong upbeat note, with overall revenue up convincingly from the previous year and reversing the disappointing decline of 2012, according to a new report from IHS Technology. Global industrial electronics chip revenue for 2013 amounted to $33.7

Industrial 62

Industrial Forecasting United States Compensation 62

Autodesk Construction Cloud

JUNE 23, 2022

Everyone working on a project has the goal of delivering it on time and within budget, but few team members feel this quite as keenly as construction project managers. . This isn’t an easy task, particularly in an industry like construction, where margins are notoriously low. . Effective Cost Control and Accurate Forecasting.

Project Management 97

Project Management Management Forecasting Profitability 97

Viewpoint Construction Technology

APRIL 4, 2017

Web-based software has changed the face of the construction industry. Breaking out job costs allows you to quickly compare actual costs to budgeted costs while a project is in progress, not just after completion. By setting up procedures and expectations, you can keep tabs on process, timelines, and budget. Accurate job costing.

Software 130

Software Software Construction Project Management 130

Job Order Contracting

JUNE 12, 2017

Cost Budgeting – Aggregating the estimated costs of individual schedule activities or work package to establish a total cost baseline for measuring project performance. The project scope of work statements are prepared prior to the summary budget. This may impact allocation of resources to the project.

Estimating 100

Estimating Construction Schedule Forecasting 100

Autodesk Construction Cloud

APRIL 24, 2023

While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Decisions made using “bad data” are estimated to cost the industry $88.69 And the pressure is rising. design and preconstruction.

Profitability 97

Profitability Construction Autodesk Forecasting 97

ENR Construction

AUGUST 1, 2012

industry jobs. Power & Industrial. White House, Congressional Leaders Strike Deal on Budget. Description: Continuing resolution will adhere to higher $1.047 trillion ceiling under the Budget Control Act. Industry forecasts. contact us. SUBSCRIBE TODAY. Search our site: Infrastructure. Transportation.

Budgeting 44

Budgeting Budget Deals Housing 44

Construction Business Owner

APRIL 5, 2021

Staying on budget and on time while producing quality work is of utmost importance to all builders — but not all projects are created equally. Autodesk Construction Cloud’s CDE empowers teams to remain on the same page when planning and forecasting a project. Here are some of the ways that these new products can reduce overall rework.

Modeling 234

Modeling Environment Autodesk BIM 234

Viewpoint Construction Technology

APRIL 19, 2017

Linking up all the moving parts that go into a build is essential, and using big data and integrated systems allows all stakeholders on a project to see real-time updates and changes, keeping things on target and on budget. In the construction industry, 35 percent of costs are found to be material waste and busy work.

Construction 130

Construction Management DOT Viewpoint 130

Building Radar

JULY 31, 2024

The construction industry is on the brink of a technological revolution. This article explores the key technological trends and their implications for the construction industry. Tools for real-time monitoring, automated reporting, and predictive analytics will enable project managers to keep projects on track and within budget.

Industrial 52

Industrial Construction BIM Project Management 52

Autodesk Construction Cloud

MARCH 23, 2023

For teams to extract value from data, they must first make sense of the information they have—which is where data visualization comes in. Construction projects involve massive amounts of information and documents, including BIM models, schedules, budgets, and performance reports. Unfortunately, around 95% of that information goes unused.

Visualization 119

Visualization Construction Autodesk Safety 119

Pro Builder

SEPTEMBER 20, 2021

No forecaster interviewed by Realtor.com expects a drastic decline in selling prices like what occurred during the onset of the Great Recession, but an increase in all-time low mortgage rates could keep home prices in check as most buyers have a limit on their budgets for a monthly mortgage payment.

Housing 98

Housing Inventory Bidding Forecasting 98

Building Radar

DECEMBER 10, 2024

The role of a project manager is pivotal in ensuring that projects are completed on time, within budget, and to the desired quality standards. Time Management and Organization Prioritizing Tasks and Deadlines In the fast-paced construction industry, time management is crucial.

Project Management 52

Project Management Management Construction Plans 52

Building Radar

JULY 25, 2024

The construction industry, known for its complexity and dynamic nature, requires robust tools to streamline processes, enhance productivity, and drive sales. This article explores the best sales analytics tools for the construction industry in 2024, offering comprehensive insights and practical solutions for industry professionals.

ProCore 52

ProCore Industrial Construction Software 52

ProcurementExpress.com

JULY 15, 2019

Construction companies face more cash flow challenges than just about any other industry. Let’s take a look: Free Download: 6 Forecasting Best Practices All Construction Teams Need to Know Click Here. In construction, the old adage that “the only constant is change” best sums up the state of the industry. Embrace Automation.

Cash Flow 68

Cash Flow Contractors Budget Budgeting 68

Autodesk Construction Cloud

SEPTEMBER 7, 2022

With rising pressure to deliver projects on time and on budget, construction firms are looking for new ways to achieve certainty. Enter the promise of Industrialized Construction (IC). How did you get into the construction industry? Is there a project or person in the industry that inspires you to build better or differently?

Autodesk 97

Autodesk Management Design Products 97

Lets Build

JANUARY 20, 2023

Identify and reduce delays A lack of communication and collaboration is a huge problem in the construction industry, causing projects to go over budget and miss deadlines. Construction daily logs act as a management tool to record all of the relevant information that you’ll need in the future.

Site 148

Site Construction Documentation Products 148

Cassell Construction Estimating

MARCH 26, 2009

ENR’s forecast for 2009 shows continuing declines in nearly all sectors of industrial, commercial, & residential markets, with modest growth only in public works highway and infrastructure work in 2010. It’s a very powerful and intuitive tool for conceptual budgeting, and historical estimate tracking.

Products 100

Products Sage Estimating Consulting 100

cnstrctr

JULY 1, 2019

These reports should summarize the overall budget, potential change orders, cash flow, risks and more. Forecast – the forecast needs to at a bare minimum identify what your budget numbers are, costs or committed costs to date and anything left over or any over run. Internal Reports. External Financial Reporting.

Cash Flow 60

Cash Flow Forecasting Construction Contract 60

Autodesk Construction Cloud

SEPTEMBER 13, 2023

Watch NOW Current challenges in preconstruction and planning Ken starts the discussion by sharing the AGC's economic data and outlook for the industry in three areas: labor, supply chain, and materials. as of May 2023), the industry is still having trouble recruiting workers because of a shrinking wage premium.

Contractors 97

Contractors AGC Bidding Budget 97

Fieldwire

APRIL 11, 2022

According to research published by the Construction Industry Institute (CII) in 2011, rework costs can range from 2 to 20 percent of a typical project’s contract value. Budget constraints – Attempts to save money result in substandard work that must be redone. Material and Equipment Defects.

Schedule 98

Schedule Fabrication Construction Budget 98

Autodesk Construction Cloud

JULY 7, 2022

Unlike industry behemoths, smaller players can move faster and be more nimble because there’s not a lot of corporate red tape. . Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . But there are also some unique painpoints.

Software 105

Software Software Management Construction 105

Autodesk Construction Cloud

NOVEMBER 8, 2022

Construction supply chain management refers to the processes, systems, and practices used to manage the flow of materials in the construction industry. Goods are delivered on time and within budget, meaning contractors can build and execute projects efficiently. . Focus on planning with accurate forecasts . Tech to try .

Management 98

Management Construction BIM Materials 98

BD+C

OCTOBER 3, 2024

As a firm with a history of welcoming vanguard methodologies, we believe that—when used in accordance with our critical thinking—generative AI provides tremendous value for our clients and our industry. Financial Risk Mitigation and Quality Control Schedule and budget are significant drivers of a project’s financial success.

Design 98

Design Modeling Architecture Budget 98

Construction Junkie

FEBRUARY 9, 2021

For field collaboration, Build includes the new PlanGrid Build app, which is based on the stand-alone and industry favorite, PlanGrid. Within the app, users can create and manage punchlists, quality, issues, training, observations, and inspections. PlanGrid Build also includes compatibility with 3D models.

Autodesk 84

Autodesk BIM Project Management Documentation 84