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...
Contractor Wins Acceleration Impact Cost and the Incentive Payment
Contractor Wins Acceleration Impact Cost AND the Incentive Payment (1995) Executive Summary: The Pennsylvania Department of Transportation (PennDOT) awarded a time sensitive bridge rehabilitation project to a contractor and, within the contract, provided a large daily...
Civil Contractor Bidding: Behind the Scenes
Event & Topic: Scott Jennings, P.E., M. ASCE, was the guest speaker at the Hawaii Chapter’s monthly member meeting in Honolulu. His presentation was entitled Civil Contractor Bidding: Behind the Scenes. Background & Content: Within Hawaii’s engineering...
Increase Profit by Rule of 27
Executive Summary. Most decisions can be further analyzed by collaborative or self-inquiry. When looking for ways to decrease costs, ask yourself 27 questions. And by the way, you have to make up the questions....
Two Negatives of Owning Your Own Construction Business
Executive Summary. Owning your own construction business, or any business for that matter, is not all Porsches and Rolexes. It can be a lonely and rough road. Below are two of the largest potholes in the road. There’s plenty more – these were the first two to top...
Red Flags in Bid Day v. Change Order Pricing
Executive Summary. The difference between bid day pricing and change order pricing is miles apart because of one factor. Learn this factor and certain red flags to look for when working for an Owner. What’s the major difference? There is one major difference...