Remove Change Orders Remove Management Remove Profitability
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Construction Change Order Fundamentals

Construction Business Owner

Promote to rotator No Rotator Image Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. Central Change orders are an inevitable part of doing business as a contractor and can often mean more revenue. Thu, 03/07/2024 - 12:00 1:00 p.m.

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4 Tips for Better Change Order Management

Construction Business Owner

4 Tips for Better Change Order Management. I n an HBRC Journal study , results showed that the average cost overrun from change orders was as much as 11% to 15% of the original contract value for many construction projects. Elizabeth Manning. Thu, 06/18/2020 - 10:53.

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How technology can help you maintain your profit margins at residential projects

Lets Build

Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.

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The AEC Professional's Essential Guide to Connected Construction

Construction Business Owner

Less rework means faster schedules, fewer change orders, and, more importantly, a less expensive and more profitable construction experience for the owner and contractor. Business Management. Embracing a new way of working to solve construction’s oldest challenges. Greg Ragsdale. Wed, 06/01/2022 - 14:40. Main Image.

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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction

Autodesk Construction Cloud

Doing so won’t just make your life easier; it’ll also help you protect your profit margins. This, in turn, leads to improved accuracy in project estimates , proactive risk management, and more effective resource allocation. This is where connected bid management solutions comes in handy.

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5 Challenges Owners Face with Cost Management (and How to Fix Them)

Autodesk Construction Cloud

Cost management is one of those areas of a project that should never be neglected. So, let’s take a look at five common challenges owners face in cost management , and the owner-friendly features you have access to in Autodesk Build. You’ve purchased your cost management software and you’re finally ready to get it all set up.

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The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?