Construction Today

JANUARY 30, 2025

Construction is an industry built on massive scale, precise execution, and collaboration of a global team of suppliers. Despite all the advancements, poor communication and lack of collaboration across teams, leading to inefficiencies, chaos, and increased risk, remains our industry’s Achilles heel.

Profitability 52

Profitability Risk Budgeting Budget 52

Construction Marketing

MAY 17, 2023

The construction industry is undergoing a remarkable transformation as it embraces the digital age. Due to the quick adoption of new tools and technologies, keeping competitive and being successful in the current environment of the construction industry are now closely related to implementing technological innovations.

Innovation 273

Innovation Construction Safety Budgeting 273

Construction Marketing

OCTOBER 16, 2023

However, with the following six approaches, you will streamline your construction projects to ensure you do everything efficiently within the stipulated time and budget. Your construction plan should include clear goals, schedule, budget, equipment, dependencies, and team members.

Construction 337

Construction Budgeting Budget Materials 337

Lets Build

JUNE 6, 2017

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. Even within the same project, there may be distinct sources of risk. Types of risk in construction.

Risk 165

Risk Management Construction Legal 165

Viewpoint Construction Technology

OCTOBER 30, 2018

It also revealed, though, that setbacks like a lack of staff and budget still limit widespread technology adoption. analyzed artificial intelligence adoption in a dozen industries and concluded construction will not be a top spender in this arena yet. Want to hear more about what’s happening in our industry? McKinsey & Co.

Industrial 208

Industrial Construction Safety Contractors 208

Job Order Contracting

MAY 6, 2022

Consistent delivery of quality repair, renovation, maintenance, and new build projects on time and on budget is possible using an integrated planning, procurement, and project delivery solution. Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. Budget and Schedule.

Procurement 264

Procurement Plans Construction Life Cycle 264

Job Order Contracting

JANUARY 26, 2025

Perceived Industry Standard Many contractors and owners assume these databases represent an acceptable level of accuracy because they are widely used and marketed as reliable. Convenience and Time Savings Market average prepopulated cost databases save significant time by providing a starting point for estimating.

Estimating 130

Estimating Software Software Construction 130

Lets Build

JULY 8, 2022

In many respects, the answer to the question “How has COVID affected the construction industry?” Because this was internationally viewed as an essential industry, often taking place outside, construction companies and their staff were able to resume something approaching normal working conditions surprisingly rapidly.

Industrial 148

Industrial Construction Cash Flow Retail 148

HardHatChat

FEBRUARY 14, 2024

As anyone in the commercial construction industry knows, reliable, responsive, and skilled subcontractors are the lifeblood of our business. We believe it enhances our project outcomes, mitigates risks, and supports the overall success of our national construction business. Quality Workmanship Quality matters to our clients.

Commercial 295

Commercial Construction Schedule US 295

Job Order Contracting

OCTOBER 19, 2023

Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

Estimating 246

Estimating Life Cycle Documentation Schedule 246

Building Radar

NOVEMBER 11, 2024

The construction industry is known for offering a wide range of career opportunities. According to industry data, entry-level positions often start around $28,000 annually , while experienced professionals in specialized roles can earn as much as $60,000 or more. The Impact of Technology on Construction Worker Salaries 1.

Construction 97

Construction Project Management Los Angeles Certification 97

Construction Marketing

AUGUST 3, 2022

Construction project management functions very much like project management in many other industries. The fundamentals can be easily carried over from another industry to construction, but there are plenty of other roles and responsibilities that are unique to construction. . What does the construction project management team do?

Project Management 248

Project Management Management Construction Feasibility 248

Viewpoint Construction Technology

MAY 1, 2019

It doesn’t appear to solve the needs of a growing construction organization —projects with modern demands that need to be completed quickly and with minimal risk. Communication and information sharing across the entire organization is vital for staying productive and completing projects on time and under-budget with minimal mistakes.

Software 277

Software Software Construction Organization 277

Lets Build

NOVEMBER 12, 2020

For many players in construction, the industry needs to change the way stakeholders communicate and, by extension, collaborate with each other. The new normality that was violently introduced not only to our industry but also to our societies, due to COVID-19, calls for a new approach around project management. Let’s talk numbers.

Industrial 167

Industrial Construction Project Management Claims 167

HardHatChat

MARCH 27, 2018

can have a positive impact on a construction project’s schedule and budget. Something we’re hearing a lot about in our industry right now is the growing trend and popularity of prefab and modular commercial construction solutions. Labor Efficiencies: Plus, on-site labor needs are more streamlined for prefabricated items.

Commercial 328

Commercial Union Construction Site 328

Job Order Contracting

MARCH 28, 2024

Without out this, the vast majority of projects, approximately eighty percent or more (80%+) will continue to fail by being late, over budget, or viewed as not being satisfactorily completed by one or more parties. Research Report 271, Construction Industry Institute, Austin, Tx. References: AIA (2007). Ballard, G., and Cho, S.

Procurement 244

Procurement Construction DC AIA 244

Job Order Contracting

JANUARY 28, 2021

End user / customer satisfaction Delivery of the project on time Delivery of project within budget Delivery of the project at a fair price Delivery of the project with zero, or minimal change orders and/or small punch list Safe project record No complaints Minimal or no service disruption.

Procurement 203

Procurement Construction Change Orders Renovating 203

Construction Marketing

FEBRUARY 20, 2023

Make sure you know your stuff when it comes to project planning and risk assessment so that everyone knows what’s expected of them. Strong Finances and Good Credit When you are about to create your Construction and trade business, finances and budgeting should be among the first things on your list.

Construction 311

Construction Risk Management Resource 311

Construction Marketing

DECEMBER 15, 2021

Digital solutions reshape the building industry and make it more flexible. These are some but not the least solutions that can enhance the design, accounting, budget planning, on-site and business processes, and management. The building industry combines numerous routine processes, people, and resources. BIM & Wearables.

Industrial 120

Industrial Construction Software Software 120

Viewpoint Construction Technology

OCTOBER 25, 2017

The 2016 JBKnowledge Construction Technology Report finds the construction industry has massive amounts of data at its fingertips from every project, and most of it just sits there. Detailed reports and summaries that outline actual expenditures compared to budgeted costs allow for educated decisions as to where adjustments are needed.

Risk 217

Risk Schedule Profitability Viewpoint 217

Building Radar

SEPTEMBER 11, 2024

Budgeting is a critical component that requires careful planning and foresight. One essential aspect of construction budgeting is the inclusion of a contingency. For more insights into construction budgeting strategies, you might want to check out Buildertrend’s blog on construction contingencies.

Budgeting 52

Budgeting Budget Risk Management 52

Viewpoint Construction Technology

NOVEMBER 29, 2017

Construction software has been instrumental in changing the face of the construction industry. Without your own project management solution, you’re operating at a huge disadvantage and putting your business at risk. Subcontractors can minimise risk with the right construction software management tools.

Profitability 182

Profitability Viewpoint Software Software 182

Job Order Contracting

MARCH 17, 2021

If the job is poorly estimated the lack of technical and cost visibility for all participants spells disaster… as noted by the fact that 80% – 90% of repair, renovation, and new builds are over budget, late, or not completed satisfactorily. Four BT, LLC, for trusted advice and services of the highest caliber.

Estimating 200

Estimating Construction CSI Procurement 200

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. Reducing Risk and Increasing Safety. All contractors should track data related to safety issues.

Construction 241

Construction Software Software Cash Flow 241

Viewpoint Construction Technology

APRIL 23, 2019

This helps contractors complete their construction deliverables on time and within budget. Budget Inaccuracies. The biggest challenge in the construction industry today is labor. Rushing from project to project is inefficient, and risks cutting corners. Labor Challenges. Lack of Effective Communication.

Construction 237

Construction Software Software Estimating 237

Job Order Contracting

FEBRUARY 26, 2024

– The application of system thinking to facilities management (FM) and the AECOO sector, and associated tools and support processes, can consistently ensure the delivery of quality, sustainable outcomes, on time and on budget. AECOO = Architecture, Engineering, Construction, Owners, Operators) What are the barriers?

Management 242

Management Construction Procurement CSI 242

Lets Build

NOVEMBER 18, 2022

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. Let’s explore the top five construction industry challenges in 2022 and how project managers can overcome them. Budgeting and cost overruns.

Project Management 148

Project Management Management Construction Risk 148

Viewpoint Construction Technology

JANUARY 31, 2018

Risk management is an inherent part of the job in the constru ction industry. When contractors have tight budgets and deadlines, those numbers can really add up, impacting job costs and the organization’s bottom line. If you’re doing site inspections at appropriate intervals and reducing risks, that’s great.

OSHA 211

OSHA Inspections Viewpoint Safety 211

Job Order Contracting

AUGUST 20, 2023

Define estimate’s purpose ■ Determine estimate’s purpose, required level of detail, and overall scope; ■ Determine who will receive the estimate Develop estimating plan ■ Determine the cost estimating team and develop its master schedule; ■ Determine who will do the independent cost estimate; ■ Outline the cost estimating approach; ■ Develop the estimate (..)

Estimating 246

Estimating Life Cycle CSI Construction 246

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

BD+C

AUGUST 14, 2023

Fast-tracking construction projects offers both risk and reward dbarista Mon, 08/14/2023 - 13:50 0 Contractors Understanding both the rewards and risk of fast-tracking a project can help owners, architects, engineers, and contractors maximize the benefits of this strategy and can bring great reward on all fronts when managed properly.

Risk 92

Risk Construction Schedule Estimating 92

Job Order Contracting

JANUARY 28, 2020

While there is ample evidence that LEAN construction planing, procurement, and project delivery can drive the consistent execution of repair, renovation, maintenance, sustainability, and new construction projects on-time and on budget, there have been relatively few early adopters.

Procurement 207

Procurement Construction Life Cycle Renovating 207

Construction Marketing

DECEMBER 27, 2021

As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Builders Risk Insurance.

Insurance 156

Insurance Contractors Accidents Liability 156

Construction Marketing

JANUARY 25, 2023

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. This includes creating a detailed project schedule, budget, and phasing plan.

Commercial 228

Commercial Leases Regulation Finance 228