Executive Summary Contractors unbalance unit prices in their bids to take advantage of anticipated quantity overruns and underruns. An intelligent unbalancing of the unit prices can result in higher profits. Of course, that’s the contractors’ goal. Review the example...
Executive Summary: Owner involvement in the way of project management and furnishing material is done for one primary reason: to save money for the owner. It doesn’t always happen. The owner’s decisions in these regards can cost the contractor money. Or the...
Executive Summary: Contracting can be the most fantastic of businesses, but also one of the toughest. Read about some of the things that make it the best and the worst of businesses. What makes contracting unique? I think that everyone thinks their business is...
Executive Summary: Sustaining a business, and more so growing a business, relies heavily on consistency in business practices. Start today with improving your company’s practices so that profitability can be maintained and even improved. Better yet, let your...
Executive Summary: Managing cash flow is imperative and it never hurts to see these challenges on paper. This article reminds you as the owner, the chief financial officer, or as a member of the project management team of the challenge of staying cash positive. Cash...
Executive Summary: Whether you use a functional cost coding system to track the cost of your original scope or not, it is imperative that you accurately account for costs outside of your base scope. Learn why, and how, to account for these extra costs outside of your...