According to researchers at Arizona State University, preconstruction costs can account for as much as 5% of a project’s total budget, depending on the type and complexity of the project. If we were to apply … about How Smart Builders Make Money Before They Ever Break Ground
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How Owners Are Overcoming Their Biggest Challenges
The pandemic exacerbated a number of familiar construction industry challenges and introduced new ones. While the construction industry might be past the crisis phase when work came to a halt, many of the challenges that … about How Owners Are Overcoming Their Biggest Challenges
Staff Up By Retraining Existing Workforce
Many companies are increasing pay rates, improving benefits and using professional search firms to fill out their ranks. Others are getting more aggressive by training their way out of shortages. For some companies, that means … about Staff Up By Retraining Existing Workforce
New Technology Helps Public Sector Owners Close the Performance Gap
Adopting new technology is critical to advancing the construction industry. While many organizations have embraced technology for more effective project delivery, collaboration, financial controls, and more, some owners are still hesitant.
Foolproof Guide for Subcontractors Working Directly for Owners
Subcontractors can improve their resilience by having a diverse customer base. Here are strategies you can use when you want to work directly for owners without damaging your general contractor relationships.
Rule Number One as an Exec Overseeing Capital Projects: No Surprises
Every construction project involves risk, and managing that risk while protecting a company’s profit margins, reputation, and people is just one of a CFO’s many responsibilities. In order to ensure a company doesn’t bite off … about Rule Number One as an Exec Overseeing Capital Projects: No Surprises
Project Information Is Everywhere, Nowhere, or Inaccessible. Now What?
Construction projects produce huge amounts of data, but an abundance of information can be both a blessing and a curse, depending on how well it’s put to use.
Avoid Inefficiency and Profit Erosion by Syncing Your Field and Office Teams
Profitability and efficiency go hand in hand in construction, but it’s next to impossible to be operating on all cylinders if your teams aren’t on the same page.
Increase Visibility into Your Project Risks and Budget With These 4 Key Tactics
Some of the biggest construction issues arise from a lack of visibility of potential budget and project risks. Many projects also suffer from communication issues among stakeholders.
The Foundation of Successful WFM: People, Process, Technology
Whether they realize it or not, most contractors are unknowingly practicing workforce management (WFM) and often on a spreadsheet, whiteboard, home-grown system, or even on paper.
