HardHatChat

NOVEMBER 27, 2024

From financial overruns to project delays, unexpected risks can impact budgets, timelines, and overall project success. When GCs participate in the planning and design phases, they can identify constructability issues, optimize designs, and establish realistic budgets and timelines.

Risk 156

Risk Commercial Budgeting Budget 156

Construction Business Owner

OCTOBER 2, 2023

ccapoccia Mon, 10/02/2023 - 12:26 Even today, some construction companies are reluctant to share information with the field employees — mainly, the budget figures. For a litany of reasons, “the office” is fearful of the superintendent or foremen possessing job cost information.

Budgeting 354

Budgeting Budget Maine Office 354

Construction Business Owner

DECEMBER 30, 2024

Data Collection & Management Poor data management and utilization can contribute to significant project inefficiencies and budget overruns. Without a single source of truth, making informed decisions in a timely manner is nearly impossible. Data collection is also crucial for organizations focused on sustainability efforts.

Construction 296

Construction Debt Organization Security 296

Construction Business Owner

MAY 1, 2024

Working in uncertainty can lead to budget overruns, delays and decreased profitability, making it challenging to keep up. To ensure success in any project, you need the ability to anticipate changes and make informed decisions. But what if there was a solution that could turn these challenges into opportunities for success?

Materials 345

Materials Construction Budgeting Budget 345

Construction Business Owner

FEBRUARY 5, 2025

mhodges Wed, 02/05/2025 - 16:09 Elevate Your Business: The Strategic Advantages of Partnering with the IUPAT As a contractor, one of your top priorities is delivering high-quality projects on time and within budget. Networking Perks: Industry Events: Participate in industry events and training sessions to stay connected and informed.

Union 293

Union Safety Resource Industrial 293

Construction Business Owner

FEBRUARY 10, 2020

Today’s robust platforms provide employees companywide with “anytime, anywhere” information ranging from budgeting detail, permits, invoices and billing statements, to change orders, time sheets and blueprints from just about any mobile device or PC.

Change Orders 314

Change Orders Permits Mobility Budgeting 314

Contractor Bookkeeping

APRIL 19, 2024

If you're like many construction business owners, you may need help understanding your finances or how you can use your financial information to make decisions for your business. As a construction company owner, you have the best chances of success when you regularly set budgets, develop financial forecasts, and establish goals.

Forecasting 121

Forecasting Budgeting Budget Construction 121

Job Order Contracting

JUNE 25, 2020

Collaborative, Create Value, and Deliver Projects On-Time and On-Budget = LEAN Construction Planning, Procurement, and Project Delivery appeared first on 4BT. Robust tools and services are readily available to measurably improve repair, renovation, maintenance, and new construction outcomes. The post Just Do It!

Procurement 189

Procurement Budgeting Budget Plans 189

Job Order Contracting

JANUARY 7, 2022

The public sector could easily save 30%-40% of its budgets in this area with the basic implementation of robust, integrate planning, procurement, and project delivery methods. The post Public Sector Construction and FM Grade F for Cost Management – A Bizarre and Unaccountable Lack of Accurate Information appeared first on 4BT.

Management 246

Management Construction Procurement Renovating 246

Construction Business Owner

JULY 31, 2024

mhodges Wed, 07/31/2024 - 09:19 Long-term construction profitability requires a methodical approach based on timely, accurate, and complete information. Driving Organizational Growth Profitability: Monitor industry trends and adjust bids and budgets to remain profitable. Identify inefficiencies that could impact project budgets.

Profitability 363

Profitability Virgin Islands Puerto Rico Samoa 363

HardHatChat

MARCH 4, 2019

One of the biggest challenges for commercial construction firms today is the tighter project timelines that have become the norm at every phase of a project – from shorter deadlines for submitting initial bids and budgets, to quicker resolution on addendums and change orders, to compressed schedules for construction and delivery.

Project Management 349

Project Management Commercial Management Construction 349

Job Order Contracting

DECEMBER 8, 2021

Innovative construction capital delivery for public sector owners can consistently enable quality, on-time, on-budget and fully compliant repair, renovation, maintenance, sustainability, and new build outcomes. 85% of all construction projects are over-budget, late, and/or poorly completed. For more information, just ask.

Innovation 261

Innovation Procurement Budgeting Budget 261

Job Order Contracting

DECEMBER 1, 2022

Improving capital facility planning requires the integration of robust, local market cost information. contact-form] The post How to better incorporate cost data into capital facility planning appeared first on 4BT.

Plans 264

Plans Renovating Budget Budgeting 264

Contractor Bookkeeping

MARCH 28, 2025

This includes managing budgets, ensuring compliance with regulations, and maintaining client relationships. Making informed decisions under pressure is crucial, as any misstep can have significant consequences.

Construction 102

Construction Legal Regulation Management 102

Lets Build

JUNE 2, 2023

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. Note that 63% of projects fail due to poor communication.

Project Management 148

Project Management Budgeting Budget Management 148

Job Order Contracting

FEBRUARY 22, 2023

An initial baseline Scope of Work including core requirements, scope, budget, and timeline should be the outcome. Also, it is incumbent upon owners and building users to provide enough information to enable the builder to create a detailed line-item cost estimate and associated timeline.

Management 263

Management CSI Change Orders Budgeting 263

Job Order Contracting

FEBRUARY 28, 2025

At the core of TCO is actionable information. Facilities total cost of ownership management allowsfor informed decision-making based on the long-term value rather than just the upfront cost of an asset. How to quantify requirements and costs. Identify factors that impact TCO. How to demonstrate cost impacts over time.

Life Cycle 162

Life Cycle Management Equipment Environment 162

Job Order Contracting

JANUARY 31, 2023

1 Reason Why 70% of capital projects are late, over budget, or both = Poorly defined Scope of Work A “hidden fact” leading to this failure point is that most owners don’t know how to clearly define and effectively communicate a Scope of Work. 1 Reason Why 70% of capital projects are late, over budget, or both!

Budgeting 130

Budgeting Budget Equipment Materials 130

Construction Business Owner

DECEMBER 9, 2020

Planning your budget for next year? With each new year comes the time for contractors to budget and plan for anticipated expenses for the upcoming 12 months and allocate funds you want and need to put toward strategic initiatives that align with your business plans and benefit your company. How will we use this information?

Virgin Islands 287

Virgin Islands Puerto Rico Samoa Rhode Island 287

Construction Marketing

MAY 17, 2023

These tools enable construction professionals to rethink every aspect of project planning, execution, and collaboration, whether it be through the use of project management software, virtual reality (VR), or building information modeling (BIM). In addition, QR codes can also be a great solution if you want to keep your information in safety.

Innovation 273

Innovation Construction Safety Budgeting 273

Job Order Contracting

JANUARY 10, 2023

BIM , Building Information Modeling, is the digitalization and 3D rendering of buildings or other forms of physical infrastructure. It’s really that simple.

BIM 264

BIM Procurement Construction Renovating 264

Job Order Contracting

NOVEMBER 23, 2022

A critical aspect involves balancing standardization of activities and information with empowering those doing the work on site. This involves creating a guideline that takes an organization through a required change management process and established a foundation of valid, actionable information. Proven Solutions.

Products 264

Products Guidelines CSI Organization 264

Viewpoint Construction Technology

MAY 1, 2019

The features are insufficient including no or limited visibility into job cost and contractors can’t see up-to-date project information — instead just rolling with the punches. Equipment and materials cost that is written on paper often doesn’t reach a system that is tracking job costs — leading to over budgeting and spending.

Software 277

Software Software Construction Organization 277

Job Order Contracting

DECEMBER 13, 2022

Existing tools and support services to mitigate waste/rework and enable consistent quality outcomes on time and on budget are readily available. While there is a lot of talk about centralizing information, data must be current and actionable, as well as in a common format that everyone can easily understand. Quantitative metrics.

Sustainability 264

Sustainability Management Estimating Budgeting 264

Construction Business Owner

MARCH 29, 2024

mhodges Fri, 03/29/2024 - 11:53 Construction is a project-oriented industry, and project management leaders have their hands full when it comes to bringing projects in on time and on budget—not to mention meeting customers’ high expectations. How will we use this information? For more information, please visit our Privacy Policy.

Virgin Islands 366

Virgin Islands Puerto Rico Samoa Rhode Island 366

Job Order Contracting

APRIL 27, 2022

A knowledge-based Job Order Contracting framework enables owners to build capabilities, improve productivity, and consistently deliver quality outcomes on time and on budget. Collaborative, real-time technology enabling team access to current documentation and information. Global oversight with local, on-site empowerment.

Contract 260

Contract Renovating Budgeting Budget 260

Job Order Contracting

MARCH 25, 2023

Move all repair, renovation, maintenance, and new build projects forward with proactive, informed decisions. Know exactly how your request for proposals, projects, approvals, budgets, and work orders are progressing — from anywhere, anytime. Full document management and version control.

Sustainability 263

Sustainability Management Renovating Construction 263

Construction Business Owner

JANUARY 16, 2024

When stakeholders can communicate and share insights, projects are more likely to come in on time and under budget. Renowned as a BIM Crusader, he excels in Building Information Modeling (BIM), Virtual Design and Construction (VDC), and Project Information Management (PIM).

BIM 358

BIM Mobility Autodesk Management 358

Construction Business Owner

OCTOBER 31, 2022

Compensation strategy is often limited to the financial side of business, but a well-designed compensation plan is much more than a budgeting tool. Compensation strategy is often limited to the financial side of business, but a well-designed compensation plan is much more than a budgeting tool. How will we use this information?

Compensation 294

Compensation Virgin Islands Puerto Rico Samoa 294

Job Order Contracting

AUGUST 12, 2022

LEAN Capital Project Delivery (LEAN CPD) creates a dynamic, collaborative environment in which repair, renovation, maintenance, and new builds requirements can consistently be achieved in a quality manner, on-time, on-budget, and in full compliance. This ensures early and ongoing sharing of information within a common data environment (CDE).

Procurement 264

Procurement Renovating Budgeting Budget 264

Job Order Contracting

MARCH 7, 2025

Real-time, granular, locally researched data is essential for Lean construction, JOC, and Progressive Design-Build to ensure cost transparency, prevent budget overruns, and enable informed decision-making. However, local roofing contractor quotes are actually $29 per SF , requiring a change order or budget increase.

Management 147

Management Estimating Change Orders Construction 147

Job Order Contracting

DECEMBER 20, 2022

Mitigating Uncertainty in Facilities Repair, Renovation, Maintenance, and New Builds is a proven way to reduce waste and consistently deliver quality outcomes on time and on budget. Current actionable information and integrated planning, procurement, and project delivery teams are required to mitigate uncertainty. CSI Masterfomat).

Renovating 264

Renovating Procurement Organization CSI 264

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. The plan should have all the information needed to facilitate swift action and highlight any potential issues.

Construction 337

Construction Budgeting Budget Materials 337

Job Order Contracting

SEPTEMBER 2, 2022

Both formal and professional education have not prepared real property owners to address the basics of planning, procurement, and project delivery that enable the consistent delivery of quality repair, renovation, maintenance, and new build activities on-time and on-budget. SHARING OF KNOWLEDGE.

Procurement 263

Procurement Construction Environment Renovating 263

Job Order Contracting

FEBRUARY 4, 2022

The only Knowledge-based JOC Program Information Management System. Discover how 4BT’s robust LEAN programmatic process, embedded in easy-to-use cloud solutions empower organizations to consistently complete quality projects on-time and on-budget, with full financial visibility and compliance.

Contract 262

Contract Organization Procurement Renovating 262

Viewpoint Construction Technology

JUNE 6, 2019

Not only must they meet the bottom-line objectives of on-time and on-budget projects, but contractors must engage clients beyond those aspects to ensure happiness and build solid relationships. Consistently Provide On-Time, On-Budget Projects. Simply getting the job done isn’t enough for today’s leading contractors.

Contractors 217

Contractors Software Software Budgeting 217

Construction Business Owner

FEBRUARY 1, 2022

However, few projects are delivered on time and on budget. Traditional construction processes and workflows can provide vital information if it is collected and made accessible to workers in a timely manner. Construction crews can’t wait hours, days or weeks for information from projects to be made available. GDPR consent.

Virgin Islands 314

Virgin Islands Puerto Rico Samoa Rhode Island 314