Green Building Law Update

APRIL 4, 2021

The financial value of green buildings is well documented, from commanding higher rents, greater occupancy rates, and increased occupant satisfaction, to lower operating costs for everything from reduced insurance premiums and less energy utilized, easily resulting in an increased return on investment of more than 9% over conventional building.

Green 293

Green Debt Security Commercial 293

Autodesk Construction Cloud

JULY 5, 2022

How you capture, share, manage, and analyze data can play a significant role in a project’s profitability. Here are six key ways to improve your data workflows for higher quality data, more profits, and better project outcomes. Standardize your cost documentation. But does quality data really matter ? Export project level data.

Autodesk 92

Autodesk Documentation Visualization Management 92

Job Order Contracting

JULY 29, 2021

Adversarial, change-order-oriented environment is common between owner, A/E, and contractor. Bid shopping can occur and actual overhead and profit amounts are unknown. Change orders may be reduced versus DBB due to A/E-contractor collaboration and contractual relationship. Disadvantages. Design-Build.

Design 130

Design Bidding Engineering Construction 130

Lets Build

JANUARY 20, 2023

Skipping these logs increases your risk of a small issue becoming a massive one because no one documented it. Protect yourself from disputes In the face of a dispute, you need a foolproof trail of documents to protect yourself and your company. Free eBook: Quick guide to Lean practices for construction professionals 2.

Site 148

Site Construction Documentation Products 148

Autodesk Construction Cloud

DECEMBER 2, 2021

This can affect everything from the bidding process to change order management, your team’s efficiency, and ultimately, your bottom line. Effective cost management sets the standard for all project costs and affects all phases of a project including planning, design, estimation, change orders, and specialty contractors.

Management 52

Management Change Orders Construction Budgeting 52

Autodesk Construction Cloud

MAY 30, 2023

In parallel with better planning, technology can help to reduce the common problems or elements that contribute to cost overruns, ensuring you can maximise efficiency and profits. The additional time, labour and materials required to complete the change may also be classified as a cost overrun if it affects other aspects of the project.

Change Orders 52

Change Orders Construction Budgeting Budget 52

Construction Business Owner

OCTOBER 14, 2011

Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Discussion about change order difficulties tends to be one of two types.

Change Orders 120

Change Orders Construction Software Software 120

Pro Builder

APRIL 19, 2021

The construction industry has gone through an extensive transformation, and technology has completely changed the concept of how to drive more quality, productivity, and profit into projects. 5) Material Planning & Document Management. 5) Material Planning & Document Management. Building Software. Building Software.

Software 52

Software Software Contractors Change Orders 52

Best Practices Construction Law

MARCH 2, 2020

Paragraph 47 of the contract stated that it was a “cost plus contract” with specific fees for overhead, warranty and profit to the contractor, while another part of the contract included language that the “agreed upon price is $282,000.00.”

Contract 71

Contract Documentation AIA Contractors 71

Construction Business Owner

APRIL 26, 2012

Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. Just about every contractor has been there — a project starts out strong but, as it moves forward, delays and incidental added work and changes knock dollars and cents off of the bottom line. Stay on Top of Changes.

Change Orders 120

Change Orders Construction Profitability Software 120

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. Doing this can help you guide a project towards more successful outcomes and, in turn, secure profitability.

Autodesk 122

Autodesk Construction Forecasting Safety 122

Pro Builder

MARCH 24, 2021

But Platinum Homes was losing money on change orders from demanding clients. Mark could remember clearly the specific conversation he had with his client, but ultimately, he did not have signed documentation. Simplify the process and maximize profit . It was his word versus the client’s. No more “us-versus-them” .

Management 52

Management Change Orders Negotiation Dallas 52

Job Order Contracting

FEBRUARY 20, 2018

A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program. The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. the time of award.

Contract 100

Contract Organization Change Orders Overhead 100

Viewpoint Construction Technology

MARCH 14, 2018

Lagging productivity hurts contractors in many ways, including lost jobs, low profits, and unnecessary headaches like change orders and rework. Teams unable to effectively communicate and collaborate are much more prone to mistakes, project delays, and reductions in profitability.

Products 221

Products Software Software Project Management 221

Autodesk Construction Cloud

DECEMBER 18, 2021

The final days of a project have a huge impact on your overall profitability and success—as the saying goes, projects are remembered not by how they start but how they finish. The right tools and documents make it easier to complete project closeout and keep customers satisfied. Delayed change order resolution.

Change Orders 52

Change Orders Documentation Equipment Risk 52

Construction Business Owner

OCTOBER 14, 2011

« A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. change orders. document management. Add new tag.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

JUNE 21, 2012

The Most Popular Method - Designed by investors and developers and shrewd business people who understand the concept of divide and conquer is for contractors to get little or no down payment for a construction project, do all the work, including change orders and then try to collect their money.

Profitability 48

Profitability Contractors Banking Change Orders 48

Fieldwire

JANUARY 16, 2024

A rapidly changing landscape means employing numerous strategies to get the job done to your client’s satisfaction. What should you know to maximize your profits and grow your business? Closing: Ensure deliverables meet client expectations and sign requisite documents. Learn more → 3.

Project Management 52

Project Management Management Construction Life Cycle 52

Construction Business Owner

JULY 12, 2012

Project Document Management : Your Communication Strategy. Because some very specific documents are created and used throughout the life of a typical construction project, these documents can serve as the center of your communications strategy. Document availability. Document relevance. Document Tracking.

Construction 136

Construction Documentation Software Software 136

Autodesk Construction Cloud

APRIL 18, 2023

When documents are ready for review, you receive an automated email ensuring that users approve them in a timely manner. [link] And to further customize your view, a solid construction platform will enable you to create custom calculated budget and contract columns.

Autodesk 52

Autodesk Construction Budgeting Budget 52

Construction Business Owner

APRIL 1, 2011

Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

OCTOBER 4, 2013

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. If You Know Exactly What To Do.

Profitability 48

Profitability Construction Accounting Cash Flow 48

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 companies today face significant challenges and the pressure to improve overall productivity and profitability. Maximize Profits. Research by USG + U.S.

Project Management 98

Project Management Software Software Management 98

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. To streamline data analysis, data across the organization — from accounting to project management to document collaboration to operational workflows — needs to be uniform.

Construction 241

Construction Software Software Cash Flow 241

Construction Business Owner

JULY 26, 2012

Look for software that does a better job providing applications based on the workflow of a project from cradle to grave, and that provides web-based anywhere-any time visibility into job progress, profitability, change management, and more for everyone who involved in the success of a job. Next Generation of Document Management.

Software 136

Software Software Construction Documentation 136

Autodesk Construction Cloud

JULY 27, 2021

Using the cost management toolset, teams can enhance collaboration with project owners and suppliers by bringing them into the system to review contracts, change orders and payment applications securely, with confidence that any of their sensitive information will be safeguarded. © 2021 Autodesk, Inc. All rights reserved.

Autodesk 52

Autodesk Construction Change Orders San Francisco 52

Autodesk Construction Cloud

NOVEMBER 17, 2021

Ultimately, an inadequate construction budget leads to cost overruns, wasted time, and lower profit margins. You’ll walk away with a solid grasp of budgeting fundamentals, along with tips to help you maintain strong profit margins throughout the lifecycle of your projects. Change order errors. Construction budget basics.

Budgeting 52

Budgeting Budget Construction Estimating 52

Construction Business Owner

NOVEMBER 3, 2011

Rather than looking in the review mirror after a job is complete and realizing you’re over budget, make sure you have the ability to import estimates, manage change orders, report on committed costs, and allow your employees in the field remote access. Integrated Document Management. change orders. Add new tag.

Cash Flow 120

Cash Flow Construction Software Software 120

Contractor Bookkeeping

FEBRUARY 28, 2014

Not using Additional Work Orders or Change Orders (Click For FREE Change Order Template). Cash flow issues kill contractors even though they have profit. Changes in their operations due to contingencies beyond their control. Poor document management results in overpaying taxes.

Profitability 48

Profitability Contractors Cash Flow Accounting 48

Autodesk Construction Cloud

OCTOBER 28, 2021

And you have to do all that within a contracted amount of time with razor-thin profit margins. . Some of the top problems GCs face are three documentation processes that, while important for communication and liability, take time away from actually building. . Creating the submittal log .

Project Management 52

Project Management Management Documentation Construction 52

ProcurementExpress.com

JULY 15, 2019

And finally, cloud-based record-keeping means that construction companies can make better predictions about how much to charge clients because all the data is right there–including vendor pricing, past estimates, and records of change orders. Process Change Orders Quickly. Automate P2P.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

Construction Business Owner

JUNE 29, 2012

Consider these three vital areas: Construction Project Documents: How do you move documents through your organization? When documents are created or modified, are the appropriate people notified? There are a number of software packages out there that allow document sharing. change orders. Add new tag.

Construction 121

Construction Documentation Software Software 121

cnstrctr

JANUARY 20, 2019

The concept behind a change request is simple – the owner, consultants or project requirements involve doing something different than the contract documents. In today’s article we’re going to walk through some common best practices for change pricing on construction projects. Ask For A Construction Change Document.

Documentation 60

Documentation Construction Contract Consulting 60

Autodesk Construction Cloud

JULY 8, 2021

Construction firms can use cost codes to document, categorize, and analyze costs efficiently. While there are many benefits to using cost codes, the majority of them lie in standardization, cost control , analysis, and profitability. . Profitability . This is where construction cost codes come into play. Standardization .

Construction 52

Construction Profitability Budgeting Budget 52

Autodesk Construction Cloud

DECEMBER 3, 2021

In parallel with better planning, technology can also help to reduce the common problems or elements that contribute to cost overruns, ensuring you can maximize efficiency and profits. Not Planning for Change Orders. Serious Project Design Errors.

Budgeting 52

Budgeting Budget Construction Software 52

Construction Business Owner

JANUARY 12, 2012

Document Management. With the current levels of detail required by industry standards, code compliance and also by the different disciplines, the number of documents required for a project is huge. Keeping track of what’s current in that huge set of documents and making sure others on your team are using current documents are critical.

Bidding 149

Bidding Construction Documentation Software 149

Construction Business Owner

JANUARY 12, 2012

Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. Electronic filing also gives you the ability to search with simple keyword terms, so you can find documents faster. Archiving documents. change orders. document management.

Construction 136

Construction Software Software Accounting 136