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Top 5 Challenges for Construction Project Managers

Fieldwire

In this guest blog post for Fieldwire, Patrick Hogan explains five common challenges project managers face on construction projects. Patrick is the CEO at Handle.com which builds software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster.

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What is ‘Contingency’ in Construction Budgeting: Managing Uncertainty and Risk

Building Radar

One essential aspect of construction budgeting is the inclusion of a contingency. This article will delve into the concept of contingency in construction budgeting, exploring its purpose, how it is calculated, and how it can impact a project’s success. Why is Contingency Important?

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Procurement Risk Management in Construction Projects: Strategies and Tools

Building Radar

Procurement risk management is a critical aspect of construction project management, ensuring that projects are completed on time, within budget, and to the required quality standards. Effective risk management strategies can help mitigate potential issues that may arise during the procurement process.

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Construction Risk Management: How to Reduce Top Construction Risks

Autodesk Construction Cloud

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project.

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How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

No doubt, construction is a risky business. Every construction project is uniquely different, and the distinctive characteristics of the industry - such as high-cost intensity and lengthy durations - also add an additional layer of complexity to the risk landscape. The Importance of Project Risk Planning.

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How To Use Construction Data For Business Growth

Building Radar

Harnessing construction data allows companies to streamline operations, identify new opportunities, and enhance decision-making. For in-depth strategies on utilizing construction data, check out resources like LinkedIn Pulse and Let’s Build. Utilizing construction data effectively involves several key strategies.

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Credible Construction Estimate Core Elements

Job Order Contracting

A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.