article thumbnail

Commercial Construction Project Planning: 3 Warning Signs Your Budget Might Go Bust

HardHatChat

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services.

Budget 337
article thumbnail

Build Better: Partner with IUPAT Success

Construction Business Owner

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. Partnering with the IUPAT provides labor stability through negotiated contracts and structured dispute resolution processes.

Union 293
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Commercial Construction Delivery Methods: 3 Times To Go With A Negotiated Bid

HardHatChat

Any long-time readers of Hard Hat Chat have probably picked up on the fact that I’m a big fan of the negotiated bid. The GC then works with the client to budget the job based on pricing from subcontractor partners. Many large or complex construction jobs are budgeted and built out in phases. It’s A Multi-Phase Project.

article thumbnail

How Trusting Relationships Build Better Commercial Construction Projects

HardHatChat

Englewood Construction is currently negotiating a contract with Mrs. Green’s to convert former Fox and Obel in Chicago. In our experience, we have found clients who care about producing the best commercial construction projects are more likely to engage in the negotiated contract process. Setting expectations.

article thumbnail

Balancing Work and Study: How an Online MBA in Construction Management Helps Working Professionals

Construction Marketing

Professionals learn about budgeting, risk management, contract negotiation, and leadership strategies while actively managing projects. Negotiation and conflict resolution courses prepare managers to handle disputes effectively, while financial management lessons improve budget oversight.

article thumbnail

Overcoming Challenges In Construction Project Estimates And Submissions

Contractor Bookkeeping

Negotiation plays a key role after bids are submitted. Flexibility can be crucial during talks; you may need to adjust your terms or pricing to meet client budgets without compromising quality. You must communicate effectively with clients and address any questions or concerns.

article thumbnail

Sharing Your Budget Streamlines the Pre-Construction Phase

Wolgast Corporation

Here is one secret of the trade to save significant time during pre-construction, by giving your contractor a ballpark budget before design and/or estimating starts, an owner can take a shortcut in the preliminary phase and get to construction sooner. We can come to the owner with ideas without delays.

Budget 127