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INSURANCE |. « A Change (Order) for the Better? Judging Tipis » Some Advice on ChangeOrders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how changeorders affect construction management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
INSURANCE |. Some Advice on ChangeOrders » A Change (Order) for the Better? When clients ask me about changeorders, I’m reminded of a well-circulated photo. The yacht is named “ChangeOrder.” Yes, changeorders are nearly inevitable. STRATEGY |.
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.
Contractors have to pay attention to budgets, deadlines, collaborators, changeorders, progress reports, payroll, safety, compliance requirements and much more. Insurance and bonding requirements. Building codes , insurance requirements and bonding requirements can vary by location, though. Building codes.
INSURANCE |. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. The more accidents and safety violations you have on a job, the more the job is going to cost; and the last time I checked you can’t submit a changeorder just because your team got hurt on the job! changeorders.
INSURANCE |. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and changeorders are issued. changeorders. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. Green Building.
INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. changeorders. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. January 2009.
INSURANCE |. Meet with them before every project to discuss not only the contractual provisions for scope of work and changeorders, but also what you bid and why. Owners need your help to meet their goals, and they may be more amenable to approving changeorders while you’re still on the job. changeorders.
INSURANCE |. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? Well, consider the business model of the insurance industry. changeorders.
INSURANCE |. 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 changeorders, report on committed costs, and allow your employees in the field remote access. changeorders. STRATEGY |. MANAGEMENT |.
Effective project management means controlling the data flow and staying on top of transmittals, submittals, RFIs, email communications, changeorders, materials, inventory, job cost and WIP reports, labor hours and wages, union rules, safety regulations, insurance and bonding, compliance data and a whole lot more.
INSURANCE |. A Change (Order) for the Better? changeorders. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. January 2009.
INSURANCE |. Project managers are used to logging information – job progress, changeorders, labor, weather, and so on. changeorders. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management.
Lagging productivity hurts contractors in many ways, including lost jobs, low profits, and unnecessary headaches like changeorders and rework. People are right to be concerned, since in 2017, McKinsey Global Institute found the construction industry’s labor productivity only improved 1 percent globally over the past 20 years.
INSURANCE |. Do they have the financial resources to complete a job; is their insurance up-to-date; how does their safety record look; what do their references say about their recent work; what experience do others in my company have with them? changeorders. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
Do you have insurance? Ensure all the bidders are actually qualified to work as a subcontractor , and have the required licenses and insurance. ChangeOrders: Sometimes the scope of a project changes due to the client or owner changing their mind. Ask the right questions: What else have you worked on?
INSURANCE |. But the point at which the office meets the field – where job progress is tracked, profitability is calculated, invoices and changeorders are processed – this is the point where bad (or no) communications between the field and the office results in diminished performance and profits. changeorders.
INSURANCE |. A Safety Consultant’s Opinion: After having worked in the safety industry for over 21 years, 14 of which were with 2 major insurance companies. changeorders. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.
These current integrations allow a ton of information to flow back and forth between Procore and Sage, such as project information, insurance documents, changeorders, contracts, invoices, and many others.
An understaffed purchasing department won’t have time to properly vet price increases, competitively bid and accurately contract trades, minimize change-order costs , or ensure your next project starts on the right foot. The more plans you add or the more plans you change, the more time you will consume on the purchasing side.
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