Executive Summary There are very few “court-accepted” ways a contractor can quantify his or her loss as a result of labor productivity, or lack thereof. MCAA’s (Mechanical Contractors Association of America, Inc.) document PD 2 Factors Affecting Labor Productivity is...
Estimating: It’s an Art and a Science
Executive summary. Construction estimating isn’t wholly about the numbers. It involves a “feel” in its execution. This is why many say estimating is an art and a science. What is estimating? An estimate is just that. An estimate. Not an exactimate. Getting low on bid...
The Joint Venture Estimate: Setup is Key
Executive summary. Whether bidding a job together in one shared document, or running comparison estimates, the setup in a joint venture effort is critical to success. Consider establishing the following before starting your estimating effort. And, be consistent. Be...
Embedding Cost Control Culture into the Project Cycle
This article was originally published in CFMA’s Building Profits April 2019 Sometimes financial situations can cause a contractor to fail. But these mishaps can likely be avoided. Forecasting and managing the timely implementation and execution of cost controls can...
Instant Resolution of Contractor Overhead Daily Cost
Executive Summary. Projects often experience delays for which the Contractor is awarded additional time. The determination of the per day reimbursement to the Contractor for this time is fraught with protracted analysis and negotiation. Owners should consider...
What’s BI? Do I need it?
Executive Summary: BI stands for business intelligence. It is the process by which information from all of your company’s different computer systems (estimating, job costing, accounting, operations, et cetera) is displayed on one screen. You may not needit, but you...