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...
Executive Summary. It’s important as a contractor, or even as an owner’s representative, to know a bit more than the basics of scheduling. Familiarity of some of the terms is helpful regardless of what side of the table you’re on: Contractor or Owner. The...
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...
Executive Summary. One of the top complaints of construction employers is the collection of completed timecards – in a timely manner that is. Here is a suggestion for improvement you probably haven’t heard. What sort of timecard? Although this phenomenon of...
Executive Summary Converting from one unit of measure to another is critical for any position of management in a construction company. Using the internet is one way of doing it but knowing the simple process of fraction multiplication and the value of the number “1”...
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...