Remove Compensation Remove Forecasting Remove Schedule
article thumbnail

LEAN Collaborative Construction Practices Construction Cost Estimating

Job Order Contracting

In general terms are an actionable construction cost estimate should reflect approximate costs developed for a complete schedule of detailed construction line item tasks/activities after consideration of all physical and functional requirements and possible cost variations. . This may impact allocation of resources to the project.

article thumbnail

Job Order Contracting Guide

Job Order Contracting

Project requests scheduled based on impact to organization/urgency. Ability to do demand planning and forecasting. Assurance that JOC consultants are properly distanced from decision-making, especially if their compensation is based upon a percentage of construction work. Ability to perform “what-if” scenarios.

Contract 100
professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Project Manager Field Guide

cnstrctr

They manage the trades, financials, schedule, quality and administration. Financials – managing the overall costs as well as contingencies, changes, forecasting, contractor billings etc. Schedule – managing the overall schedule including preparation, updating and dealing with issues. 0-5 Years Experience.

article thumbnail

How AI is Revolutionizing Project Management in Construction

Building Radar

Predictive Analytics for Better Decision Making AI enables predictive analytics by processing historical data to forecast future trends. AI tools assist in creating efficient schedules and resource allocation plans. AI assists in scheduling, training, and monitoring workers.

article thumbnail

20 construction industry trends to watch in 2020

Building Radar

Forecasts: How the construction industry in Germany will develop in 2020 Software in the construction industry 1. Some software products specialize in scheduling, others in collaboration. Furthermore, forecast models calculate realistic time constraints for project control. Fewer employees in the German construction industry 19.

article thumbnail

Home Building by the Numbers

Pro Builder

The annual analysis, called the Comparative Financial and Operations Analysis (“Fin-Op” for short), draws from detailed information about various revenue, cost, and profit metrics provided anonymously by builders of varying sizes in different locations, serving as a benchmarking and forecasting tool for the company, builders, and the industry.

article thumbnail

The 9 Phases of House Construction According to HOAI

Building Radar

It governs how professionals are compensated for their work and defines a clear structure of service phases, ensuring that each step of the construction process is planned, supervised, and carried out correctly. Rough drafts, cost estimates, and scheduling considerations are made at this point. What is HOAI?

Housing 52