Construction cost overruns don’t just happen; they stalk projects right from the start. They hide in project design, project schedules, and nearly any other project aspect, waiting to surprise and confound when least expected.
Financial Management
The Role of Asset Management in Construction
In construction, the initial planning and subsequent follow-through of the project get most of the focus. This means, however, that little thought is often given to what happens once the project is complete. In other … about The Role of Asset Management in Construction
What You Might Have Wrong About Lien Waivers
Lien waivers are probably the single most misunderstood payment document there is in construction. Which is kind of funny, because lien waivers are everywhere in construction.
Is Your Business Prepared for the Next Recession?
With many experts suggesting the possibility of another economic downturn in the not-so-distant future, today’s financial climate has many construction financial managers asking what they can do to better prepare for the next recession.
CFMA Coverage: WIP Best Practices for Construction Financial Managers
Each year, the Construction Financial Management Association (CFMA) holds its premier conference that explores and addresses the ever-changing challenges that construction financial managers face everyday. Jobsite was at the CFMA 2018 Annual Conference & Exhibition … about CFMA Coverage: WIP Best Practices for Construction Financial Managers
Reducing Insurance-Related Costs with Construction Technology
Over the past several years, the construction industry has been positively booming with new technology. Traditionally, construction has been one of the least digitized industries, so there was plenty of room to grow.
The Weitz Company Brings Job Costs to the Field With Procore JD Edwards Integration
The Weitz Company has been using Procore on its projects for just under two years. Within that time frame, the national general contractor partnered with Procore to implement one of the largest technological advancements in … about The Weitz Company Brings Job Costs to the Field With Procore JD Edwards Integration
Can Blockchain Help Transform the Construction Industry?
Simply put, the blockchain is a means of distributing digital information. It creates an encrypted ledger system for money to be exchanged for goods and services outside of the traditional monetary system. It stores and … about Can Blockchain Help Transform the Construction Industry?
Proptech – what is it and where will it lead us
In the last year alone, the average house price for all of Australia increased by almost 10 per cent, surging 44.2 per cent from 2011 to 2016. This swell has made the Australian real estate … about Proptech – what is it and where will it lead us
Why Off-Site Construction is On the Rise
The off-site construction trend is not limited to that of houses and apartments, it is used broadly across various commercial and residential construction industries. Sometimes it serves to reduce cost and time, on other occasions … about Why Off-Site Construction is On the Rise
