article thumbnail

Objective, reliable, and veriable Construction Cost Estimates

Job Order Contracting

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. A knowledgeable and well-trained estimating team is a key component along with a robust processes, procedures, a objective and granular local market construction task data. #1

article thumbnail

Commercial Construction 2023 Trends and Lessons Learned

HardHatChat

As we mentioned in previous posts, last year presented various challenges for the commercial construction industry. The real headwinds over the last year were supply chain disruption, higher material costs, and personal shortages. This can result in project delays and schedule and cost overruns if you don’t have a plan in place.

professionals

Sign Up for our Newsletter

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

article thumbnail

Harnessing the Power of RPA

Construction Business Owner

Common expenses for operating a construction business include labor, materials, insurance, permits, office space, vehicles, trailers and other incidentals. Despite its simple appearance, the financial equation of “revenue - expenses = profit” is so complex, there are few who truly understand it.

article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

However, with a construction loan , you can build your dream home from scratch without making compromises. A construction loan is high-interest, short-term financing that you can use to custom-build your home. Discussed below are the things you should know before taking out a construction loan. How construction loans work.

article thumbnail

How to Avoid 3 Common Commercial Construction Scheduling Delays

HardHatChat

Compared with a few short years ago, commercial construction moves at an incredibly fast pace today. Specialty items, such as custom glass and doors for storefronts, have longer lead times that can potentially be the cause of construction delays. Unrealistic Expectations for Construction Permit Review.

Schedule 312
article thumbnail

Challenges & Opportunities in Commercial Construction

HardHatChat

As a National General Contractor working across multiple verticals in the commercial construction space, we understand the challenges (COVID and Supply Chain) facing our retail, restaurant, hospitality, and senior housing clients. For example, the project can be risky if you only chase after the lowest bid.

article thumbnail

A Comprehensive Guide to ICF Construction

Construction Marketing

It combines Expanded Polystyrene, a fine insulating material, with steel-reinforced concrete, a strong structural building material. ICF construction offers thermal and structural components of a wall. Here’s a comprehensive guide to ICF construction. How much does ICF construction cost? Tight construction.