Viewpoint Construction Technology

OCTOBER 23, 2018

Better understanding your project data can help significantly boost productivity and profitability on current projects, as well as better plan future ones. Here are just a few of the key benefits: Improving Jobsite Processes and Productivity. Diving Deeper into Construction Data. Bidding Smarter and Winning More Work.

Construction 241

Construction Software Software Cash Flow 241

Fieldwire

JULY 20, 2022

Budget Tracking and Forecasting Accuracy. This is called predictive maintenance, and it lends the ability to forecast budget dollars with a degree of accuracy. This guarantees that the budget is accurately updated, and it can also pinpoint equipment that has reached the end of its useful life and should be replaced.

Management 52

Management Equipment Inspections Construction 52

ProcurementExpress.com

JANUARY 2, 2019

WIP figures refer to products that are part-way through the production or assembly process. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately. When the payment hits their account, they may mistake it for profit.

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

Job Order Contracting

AUGUST 15, 2017

Definition: detailed cost estimate: “a forecast of construction cost prepared on the basis of a detailed analysis of materials and labor for all items of work.” – 13th edition of the Architect’s Handbook of Professional Practice. Anticipated productivity is also a key element.

Contract 100

Contract Estimating Bidding CSI 100

Autodesk Construction Cloud

SEPTEMBER 23, 2021

Join McKinstry live on October 7, 2021 at 2:00 PM PT for the much-anticipated Autodesk University session, Successful Digital Transformation Through a Product Management Organization. The industry talk will be led by Dace Campbell, Director of Product Management for McKinstry and full of actionable insights.

Construction 52

Construction Organization Products Management 52

ProcurementExpress.com

JANUARY 2, 2019

WIP figures refer to products that are part-way through the production or assembly process. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately. When the payment hits their account, they may mistake it for profit.

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Autodesk Construction Cloud

NOVEMBER 17, 2021

Your construction budget is one of the most important things to get right in any project. Poor budgeting leads to inaccurate estimates and error-prone forecasts, which can result in unfavorable project outcomes. The lack of proper budgeting practices can also lead to communication breakdowns and misalignment.

Budgeting 52

Budgeting Budget Construction Estimating 52

Autodesk Construction Cloud

NOVEMBER 22, 2021

Maintaining profitability on any given project is a challenge that many AEC firms face. It’s no secret that the construction industry has some of the lowest margins out there; data from Camino Financial states that the construction industry has an average net profit margin of just 5%. As Dane puts it, “Bottlenecks affect productivity.

Profitability 52

Profitability Autodesk Accounting US 52

Pro Builder

AUGUST 6, 2020

Plus, industry experts and media pundits alike were abuzz with forecasts of another banner year in 2020. . Potential buyers began to revisit their plans and budgets, contemplating rainy day funds and lifestyle changes. Then, out of left field, came March 2020. Ultimately, some put buying plans on hold indefinitely.

Modeling 84

Modeling Safety Office Industrial 84

Building Information Management

NOVEMBER 5, 2015

” Definition: detailed cost estimate: “a forecast of construction cost prepared on the basis of a detailed analysis of materials and labor for all items of work.” – 13th edition of the Architect’s Handbook of Professional Practice. Anticipated productivity is also a key element.

Estimating 40

Estimating Construction CSI Bidding 40

Autodesk Construction Cloud

AUGUST 12, 2021

Highly technical projects require significant resource planning, forecasting, and attention to detail. Improving structure and processes can be slow when the productivity and profit gains haven’t been fully understood by decision-makers. “We’ve witnessed a 32% increase in productivity with this methodology.”

Construction 52

Construction CA BIM New York 52

Autodesk Construction Cloud

APRIL 18, 2023

The connected construction platform also supports custom budget structures, enabling you to set up detailed hierarchical build-ups and custom segment options. When cost and schedule data is connected, you can view real time updates and make better forecasts.

Autodesk 52

Autodesk Construction Budget Budgeting 52

Construction Business Owner

SEPTEMBER 13, 2011

Product Spotlight. The bigger the company, the more important it is to have a solution that can forecast and budget for the future. productivity. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News. Forms and Checklists. Seminars and Tradeshows.

Construction 120

Construction Software Software Accounting 120

Building Information Management

DECEMBER 12, 2016

A Unit Price Book – UPB – is very important to the quality, integrity, productivity, and transparency of a Job Order Contract. This easily leads to the wrong productivity rates and significant errors in construction costs. Excessive numbers of line items can slow productivity, introduce errors, and case confusion.

Estimating 40

Estimating CSI Renovating Materials 40

Building Information Management

DECEMBER 12, 2016

A Unit Price Book – UPB – is very important to the quality, integrity, productivity, and transparency of a Job Order Contract. This easily leads to the wrong productivity rates and significant errors in construction costs. Excessive numbers of line items can slow productivity, introduce errors, and case confusion.

Estimating 40

Estimating CSI Renovating Materials 40

Autodesk Construction Cloud

OCTOBER 28, 2021

The “why” behind having good data is clear—making good decisions to empower better project outcomes and profitability. Workflow guidance on flexible budget structures, contract generation for commitments, collaborative change order workflows, and cash flow forecasting. Josh Cheney, Sr. Key learnings from related AU session.

Autodesk 52

Autodesk Industrial Construction BIM 52

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. . Project managers are plagued with inefficient processes, data silos, and limited visibility that hinder productivity and collaboration. .

Project Management 97

Project Management Management Forecasting Profitability 97

Autodesk Construction Cloud

JANUARY 17, 2024

Decision 1: How to improve asset and portfolio performance Whether you're managing one or 50 facilities, actively monitoring and improving performance is critical to long-term profitability. Utilize cost and estimation data Tap into historical and actual data to forecast and plan for expansion, repairs, and rehab.

Autodesk 122

Autodesk Construction Forecasting Safety 122

Autodesk Construction Cloud

DECEMBER 2, 2021

Tracking costs and monitoring risk while keeping a job on budget can be one of the biggest hurdles to any building project. Finding ways to do all of these things efficiently makes a huge difference when it comes to delivering a project on time and on budget. A cost management plan helps keep a job on budget. Key Takeaways.

Management 52

Management Change Orders Construction Budget 52

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. For example, if each clash costs $3,500 per instance (PWC, 2018), it’s difficult for estimators and project managers to ensure each project is profitable during the planning phases of a project.

Modeling 234

Modeling Environment Autodesk BIM 234

Cassell Construction Estimating

MARCH 26, 2009

However some of our clientele reports that it’s still possible to bid a job with some profit, and actually get awarded the job. 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.

Products 100

Products Sage Estimating Consulting 100

Building Information Management

OCTOBER 26, 2012

For nearly 40 years, the Institute, a non-profit, non-government organization, has served as an interface between government and the private sector, with the primary purpose of bringing together representatives of the entire building community to review advancements in science and technology and develop solutions for our built environment.

Innovation 53

Innovation Washington BIM Conference 53

Autodesk Construction Cloud

MARCH 23, 2022

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. Leverage data to increase project productivity and reduce costs. Challenges in Productivity. And only 31% of all projects came within 10% of the budget in the past 3 years.

Statistics 98

Statistics Industrial Autodesk Construction 98

Autodesk Construction Cloud

JUNE 16, 2022

Timelines and budgets become group concerns rather than personal hurdles . When everyone works together on one platform and with access to the same information, your workflows are less likely to go astray, and your budget and timeline can remain intact. . Forecast more effectively in the future . It should help you: .

Software 105

Software Software Change Orders Autodesk 105

Autodesk Construction Cloud

MAY 5, 2023

As a result, the technology tools available often stifled collaboration between these external stakeholders, who had limited access to key budget and profitability information, which makes it very hard to run a successful business. This makes it easier to track budgeted resources, committed funds, and actual money spent.

Office 52

Office Autodesk Accounting Project Management 52

Autodesk Construction Cloud

JULY 7, 2022

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . These solutions often come with features that enable users to streamline and automate tasks like managing budgets, setting schedules, and communicating with stakeholders. .

Software 105

Software Software Management Construction 105

Autodesk Construction Cloud

JANUARY 26, 2022

We often get asked where or how people can learn more about our construction products—or how to use them. How the latest product enhancements improve quantification workflows. Allow you to deliver your project on time and on budget. In this webinar you will learn: Benefits of combining 2D and 3D takeoffs in one solution.

Autodesk 64

Autodesk Construction Iowa Conference 64

Autodesk Construction Cloud

JUNE 18, 2022

Projects today are a lot more complex and companies increasingly face pressure to improve construction productivity and profitability. . Construction project management software aims to automate and streamline tasks and connect workflows and data across the project lifecycle, so teams can be more efficient and productive.

Project Management 98

Project Management Software Software Management 98

Autodesk Construction Cloud

FEBRUARY 7, 2022

To generate profits in an industry known for razor-thin margins, firms need to maintain control over cost and schedule at every phase of construction. This disconnect impedes the same productivity you thought you’d benefit from. Construction software for bidding, estimating, budgets, and accounting. Bidding software.

Software 95

Software Software Construction Bidding 95

Autodesk Construction Cloud

JUNE 18, 2022

Projects today are a lot more complex and companies increasingly face pressure to improve construction productivity and profitability. . Construction project management software aims to automate and streamline tasks and connect workflows and data across the project lifecycle, so teams can be more efficient and productive.

Project Management 52

Project Management Software Software Management 52

Pro Builder

DECEMBER 2, 2020

Not just in producing sales, revenue, and profit (among traditional performance metrics), but also in extremely high employee satisfaction and extremely low turnover. Not just in producing sales, revenue, and profit (among traditional performance metrics), but also in extremely high employee satisfaction and extremely low turnover.

Charlotte 98

Charlotte Management Organization North Carolina 98

Pro Builder

DECEMBER 2, 2020

Not just in producing sales, revenue, and profit (among traditional performance metrics), but also in extremely high employee satisfaction and extremely low turnover. Not just in producing sales, revenue, and profit (among traditional performance metrics), but also in extremely high employee satisfaction and extremely low turnover.

Charlotte 98

Charlotte Management Organization North Carolina 98

Pro Builder

MAY 29, 2020

economy into its worst quarter since the Great Depression, with unprecedented declines in gross domestic product, employment, consumer confidence, retail spending, and just about every other metric. . . Is it profitable? anticipated that buyers would be uncomfortable attending in-person product selection meetings.

Cash Flow 91

Cash Flow Debt Housing Consulting 91

Autodesk Construction Cloud

DECEMBER 14, 2022

The construction industry realizes that to drive more predictability, profitability, and safety into their processes, firms must continue to embrace digital technologies and innovation in 2023. This will help improve the production of teams in different ways given the use of robotics, AI, and machine learning in this field.

Construction 111

Construction Industrial Management Innovation 111

Autodesk Construction Cloud

JANUARY 9, 2024

Moreover, Reportlinker forecasts the global construction market to see a 17.2% This is going to unlock some tremendous opportunities for industry-wide productivity and sustainability. AI is generating interest as companies consider its potential impact on business operations and profitability. CAGR from 2023 to 2028.

Construction 137

Construction Autodesk Industrial Sustainability 137

Autodesk Construction Cloud

JUNE 10, 2022

It leaves people out of the loop, creates communication gaps and hampers productivity. Tracking costs, managing risk, and keeping a project on budget can be one of the biggest hurdles in a construction project. Finding efficiencies in cost management workflows can make all the difference in delivering a project on time and budget. .

Construction 52

Construction Management BIM Project Management 52

Autodesk Construction Cloud

JANUARY 19, 2023

1 Prepare for a challenging year As recently as April 2022, Technavio was forecasting year-on-year growth of 4.4% uptick expected in 2023 and zero growth forecast for 2024. That saves time and makes more of budgets, by minimising errors and eliminating wasted communication. for the construction market in EMEA.

Construction 52

Construction Autodesk Materials Sustainability 52