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A Practical Guide to Insurance & Risk Management ccapoccia Fri, 03/28/2025 - 08:56 In todays complex business landscape, understanding and managing risks is no longer optional.
Managing a full-time job while pursuing further education is challenging, especially in demanding fields like construction. An online MBA in Construction Management offers a flexible, career-focused solution that allows professionals to develop leadership and business skills without sacrificing their jobs.
Granular Local Market Cost Data is Essential for Cost Visibility & Management (Repair, Renovation, Maintenance, & New Builds) Using current, verifiable, and detailed local cost dat a instead of national averages with adjustment factors ensures: Cost transparency All labor, material, and equipment costs are broken down and verifiable.
Success on a project is often dependent upon risk management, and managing that risk starts with contract negotiation. Fully understanding and properly negotiating your contract terms will position you and your project management team for success.
No matter your job title, chances are you engage in workplace negotiations every day. Whether you are vying for your team to receive more company resources, driving your ideas through to completion on a project or simply managing your day-to-day workload, being able to successfully negotiate with others is essential for success.
Resource Management: IUPATs focus on industry best practices can improve your overall project flow and resource allocation. Whether you need help resolving conflicts or troubleshooting project management issues, the IUPAT offers support every step of the way.
The construction industry continues to invest heavily in safety management. Safety performance affects your ability to bid and win work and to negotiate contracts. Smart contractors understand that safety must be both a core value and a strategic priority.
Witnessing interpersonal negotiations and conflict resolution efforts between trades while working to manage on-site issues helps to quickly develop an appreciation for teaching self-leadership and communication skills to every employee.
One of them is negotiating contracts. Owning your business requires many skills, and among the most important might be the ability to managenegotiations. As a business owner, you could find yourself negotiating in many circumstances, such as: Salary and job expectations with a potential employee.
You know how to build a bridge, negotiate a deal or justify a capital expenditure. But, whether you’re a middle manager or a CEO, your technical skills usually won’t help you be a better leader.' If any of these questions sound familiar to you, you’re not alone.
According to industry experts at risk management and commercial insurance brokerage firm Cavignac & Associates, in 2017, most business owners will be able to negotiate flat rates and some businesses may even see rate reductions.
Negotiating individual projects is critical to ensuring quality work at fair and reasonable prices. You should establish guidelines for evaluating and negotiating Job Order Contract proposals. Place limits (caps) on the use of non-catalog items. Excessive use of consultants.
A JOC Program Manager’s Duties are critical to assuring quality, on-time, and on-budget construction project delivery. Select and negotiate architect and engineer consultants for design contracts. The post JOC Program Manager’s Duties appeared first on 4BT.
A well designed and well managed Job Order Contracting Program (JOC Program) should accelerate planning, procurement, and project delivery off repair, renovation, maintenance, and minor construction projects, as well as associated cost savings, quality improvements, and elimination of legal disputes. Download Case Filing. via Four BT, LLC.
A critical role of a Owner JOC Program Manager is the ability to review and negotiate JOC Contractor Estimates. Here are just a few of the tasks that an owner JOC program manager must perform to assure a fair and reasonable price is being charged by the JOC contractor, scope of work is correct, and that adequate funds are available.
Technical planning and professional procurement team collaboration and adherence to robust best management practices are needed to mitigate financial and environmental waste. Five primary questions to be answered are: 1. How was the estimate made? What assumptions were made? What information/tools were used?
You know how to build a bridge, negotiate a deal or justify a capital expenditure. But, whether you’re a middle manager or a CEO, your technical skills usually won’t help you be a better leader.' If any of these questions sound familiar to you, you’re not alone.
Whether you own or manage a shopping center building, office building, restaurant or retail store, what is not investing in your commercial construction maintenance budget now going to cost you later? Along this same line you should also keep up with the maintenance of the mall’s parking lot, landscaping and the shell of building.
Streamlined Negotiations : When cost data is verifiable and defensible, theres less room for disputes, leading to quicker client approvals and stronger working relationships. Strategic Positioning : Contractors can better align their bids to client priorities, offering tailored solutions that provide value while staying competitive.
Current, objective, verifiable, and detailed construction cost data is critical to achieving any useful level of cost visibility and cost management. This practice is of course problematic, especially when JOC/SABER and related contracts are involved and being managed properly. They can even be used to validate subconstractor quotes.
When it comes to construction, delays can be expensive, so deadlines should be non-negotiable. You want to choose a contractor who manages a project professionally and will deliver a quality finished product. Punctual Delivery. After all, they also want to get paid on time. Customer Service.
Most of our work comes through the competitive bid process , but we welcome negotiating with clients and so should you. It may not be what you’re used to, but from a construction cost perspective, it pays to negotiate with a designated general contractor versus requesting multiple bids.
Entities/people involved in a JOC Program at a Project or Task Order levels include: client/building user, project managers, awarded JOC contractor, contracting officer/contracting officer representative, others as required. Only the contracting officer can negotiate/approve non pre-priced item(s) in the task order.
Roles and responsibilities of a job order contracting program manager are both diverse and key to overall success. Job Order Contracting Program Manager. Let’s take a look at the roles and responsibilities of a job order contracting program manager. The post Job Order Contracting Program Manager appeared first on 4BT.
Whether you’re planning on buying a franchise agreement or you’re a shopping center landlord negotiating construction concessions with a franchise operator, you should know what is ahead of you. This way you won’t have to manage the architect and general contractor separately. Each franchise is different. No hand holding involved.
Setting up a Job Order Contract Using Best Management Practices involves a mix of strategic and operational steps including a gap analysis of current and planned outcomes. . d) An indefinite-delivery, indefinite-quantity (task order) contract which provides for the use of negotiated, definitive, bilateral orders (i.e., Procedures.
Win-Win Scenarios for Residents and Property Managers 1 kcichowicz Fri, 09/29/2023 - 10:33 Multifamily Housing Discover how proptech is opening open new paths to revenue for owners and property managers, while bringing desirable amenities and conveniences for renters. This is a win-win solution for both residents and property managers.
Effective procurement negotiation strategies are crucial for success in the construction industry. By implementing strategic negotiation techniques, construction companies can maximize value while reducing costs, ensuring both short-term gains and long-term sustainability. Key Procurement Negotiation Strategies in Construction 1.
The net result is that without verifiable, current, and local detailed cost data, contracting offices and facilities sustainment and/or management teams are at a significant disadvantage. GAO, Cost Estimating and Assessment Guide Best Practices for Developing and Managing Capital Program Costs, GAO-09-3SP (Washington, D.C.:
According to industry experts at risk management and commercial insurance brokerage firm Cavignac & Associates, in 2017, most business owners will be able to negotiate flat rates and some businesses may even see rate reductions.
Veteran engineer and municipal environmental manager Ted Henifin will manage city's troubled drinking water system, while local and federal officials negotiate a consent decree.
Modern Context In modern construction, the master builder concept has evolved into initial concepts such as design-build , where a single entity manages both design and construction. This creates a cohesive framework for managing projects, ensuring that all steps align with the broader organizational goals.
Being a jack of all trades is something that Nate Schuetz, Construction Manager at Saltbox , knows something about. We recently had an opportunity to hear his insight on what it takes to be a construction manager at a startup. Walk us through your career and what led you to become Construction Manager. It happened by chance.
When it comes to construction projects, accounting and financial management are like the foundation of a building. This is why many firms rely on enterprise resource planning (ERP) software to effectively connect tasks like job costing and project management.
JOC requires a focus upon change management. The latter used for estimating, negotiating, project control and closeout. While faster delivery time is a significant JOC benefit, collaboration toward mutually beneficial outcomes for all participants and stakeholders is equally important.
Veteran engineer and municipal environmental manager Ted Henifin will manage city's troubled drinking water system, while local and federal officials negotiate a consent decree.
Sales 101: When Negotiating, Pay Attention to Body Language ibush Fri, 01/06/2023 - 15:00 Your ability to recognize nonverbal cues at the negotiating table can mean the difference between a bad deal and a successful outcome in a sales negotiation Tony L. Then you can focus on the other party. Who's Lying?
He was the CIO and CISO of Wells Fargo Business Payroll Services and a senior group manager at Target. How to respond to a cybersecurity incident from a non-technical standpoint: public relations, law enforcement involvement, and contract negotiation with vendors. He has also worked as a construction manager and managed direct labor.
But for the most part, giving the general contractor the flexibility of bidding the job against performance requirements allows us to negotiate with different manufacturers and find the absolute best costs. . To be clear, we manage plenty of competitively bid projects that we keep well-within the client’s budget expectations.
When I first started my career in the construction industry I had no idea what a construction project manager was or did. So what exactly is a construction project manager and what do they do on a project? A construction project manager is someone who is responsible for the execution of a construction project.
Technology has been changing the way the construction industry operates, and mobile devices are being used more and more to manage and track every point of a project, big or small. Collaboration helps define non-negotiables, whether it’s deadlines, budget, or equipment. Construction is no exception. Consistency.
This practice does not work for material, labor, equipment, nor does it account for local market productivity in any effective manner. Locally researched JOC Price Books are readily available to provide cost visibility, cost transparency, and therefore improve cost management. Why is the Army using archaic and inefficient practices?
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