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...
Executive summary. Ensure that before you sign a change order, all of the necessary components of your negotiation are included. Here’s what to look for in a change order before you sign it. And don’t forget – you don’t have to sign it. What is a change order? It’s a...
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...
Executive Summary. You’re probably reading this from America or Canada. Ever wonder what the infrastructure and construction means and methods are like in a smaller less developed country like Laos? [For those who haven’t tapped into Google yet to find out where Laos...
Executive Summary. Once the project starts, it is the Contractor’s project management team’s responsibility to update the client on a regular, usually weekly, basis. This is done graphically using a lookahead schedule in bar chart format (also known as a Gantt...
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...