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Understanding ‘Change Orders’ in Construction Projects: A Comprehensive Guide

Building Radar

Change orders are a critical aspect of project execution. This comprehensive guide will walk you through what change orders are, why they are important, and how they are managed effectively. What Are Change Orders? For a more detailed overview of how change orders work, check out ProjectManager.com.

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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

That improved balance sheet for green buildings translates directly into green buildings having over 30% fewer commercial mortgage backed securities defaults. There is no underwriting justification for lenders charging the same interest rates on mortgages secured by green buildings. Today there is a nascent (.

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Contract Law in Construction Projects: Key Legal Considerations

Building Radar

Change Orders and Modifications Change orders are amendments to the original contract scope, typically due to unforeseen conditions or changes requested by the client. Proper documentation and agreement on change orders are essential to manage costs and adjust project timelines.

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Payment Applications 101: A Guide to Pay Apps in Construction

Fieldwire

In most industries, requesting payment is as simple as sending a bill or invoice for work you’ve completed. DOCUMENT MANAGEMENT Secure file storage with Fieldwire Learn more → Documents Included In A Payment Application A pay app will typically include several documents that work together.

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Construction Cost Knowledge Management

Job Order Contracting

The ability to clearly define detailed line item tasks defining the desired scope of work is critical to mitigating errors and omissions, reducing the number of change orders, as well as achieving defensible cost visibility and transparency.

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7 Construction Industry Truths Made Clear at Autodesk University

Autodesk Construction Cloud

Every year, Autodesk University (AU) brings industry knowledge to light, leaving construction professionals from across the globe with a wealth of actionable insights. Jump to industry learning: Great decisions require access to great data. trillion in global construction industry costs in 2020. That includes $88.69

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Study from Autodesk and FMI Finds Better Data Strategies Could Save the Global Construction Industry $1.85 Trillion

Autodesk Construction Cloud

(NASDAQ: ADSK) and management consulting firm FMI Corporation today released the results from a new study, “ Harnessing the Data Advantage in Construction , ” which surveyed over 3,900 professionals across the global construction industry on their data practices in 2020. trillion in 2020. © 2021 Autodesk, Inc. All rights reserved. .