Executive Summary: Estimators know the construction work while the accountants know the financials. These two parties must work in harmony to benefit the company and their own livelihoods. This article recognizes the needs of both parties. The dilemma and end...
Top 5 Uh-Oh Signs of a Client
Executive Summary: If you do not have a relationship with a client, or you are moving to a different management team within a familiar client, there can be some telltale warning signs. Listen to your client for some of the items listed below and beware. #5 The taped...
Top 5 Countdown: Things to Look for in Vendor Quotes
Executive Summary Each quote on bid day, whether from a subcontractor or a supplier, needs to be thoroughly reviewed before incorporating into the bid. Here’s a Top 5 countdown! #5 Math Errors Often times subs or suppliers will quote a certain quantity of an item and...
Getting Paid: Some Suggestions
Executive Summary The law* provides the rules of getting paid in construction. Sometimes contractors must use the law, other times there are other easier (less expensive and quicker) ways of getting paid. *I’m not a lawyer, so please make sure to consult with your...
Owners Need to Stop Expecting Filet Mignon on a Hamburger Budget
Executive Summary: An August 19th, 2017 cover page headline in The Economist magazine reads Construction: the least efficient industry. Their general position on our industry’s efficiency I didn’t think was far off, but the blame was misplaced. Owners need to help...
Make Claim Preparedness the Standard, not the Exception
Executive Summary: More and more construction jobs year after year go to litigation – or at least go “legal” as I say, by requiring the services of a lawyer. Don’t make preparing for a claim a monstrous duty towards the end of the job, prepare as you go with good...