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Force majeure in construction: Protecting your projects from unforeseen events by investing on preparation

Lets Build

Simply, it refers to extraordinary, unusual, unforeseen events that surpass the practical control of an individual or a group to a contract that prevents a party from fulfilling an obligation or obligations under that contract. Crew schedules. So how can one prepare for unforeseen events? Deliveries. Decisions and choices.

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5 Smart Approaches for Streamlining Your Construction Project

Construction Marketing

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.

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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.

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How to simplify your daily construction reports

Lets Build

Disputes, delays, cost or schedule overruns ? Keeping a detailed daily construction report is useful for more than tracking project progress and productivity; it decreases your risks of experiencing those fears that keep you up at night. It can also help reduce the risks associated with construction projects. All of the above?

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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.

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What Causes Construction Project Delays?

Viewpoint Construction Technology

This helps contractors complete their construction deliverables on time and within budget. Budget Inaccuracies. Rushing from project to project is inefficient, and risks cutting corners. Coordinating actions and approving items quickly can keep construction jobs on time (maybe even ahead of time) and in some cases, under budget.

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Phases of Commercial Real Estate Development

Construction Marketing

This includes creating a detailed project schedule, budget, and phasing plan. A general contractor is usually in charge of managing the construction process and coordinating all aspects of the project, including scheduling, budgeting, and overseeing the work of subcontractors.