Accurate cost estimation for a construction project is crucial for creating and maintaining a budget for project costs. Read more to learn how to estimate a construction project. Article Overview: — Construction project estimate terminology that you need to learn and know. — Key elements of a construction project estimate to ensure accuracy and getting […]
An overview of lien waivers in construction
Getting paid in the construction industry can be a long and frustrating journey. The payment process for contractors takes an average of 83 days – one of the longest of any industry in the world. Contractors have a variety of tools available to help them reduce financial risk, improve their cash flow, and speed up […]
How to Choose the Right Commercial Flooring Contractor for Your Next Project
Choosing a contractor for your commercial flooring project can feel daunting. How do you separate the good contractors from the bad? How do you find the best? A commercial flooring contractor should be able to answer all your questions and communicate clearly. You need to know a contractor has extensive expertise and can anticipate and […]
How to Create a Construction Project Budget
Construction project budgets notoriously go over budget; whether that’s because of construction technology, unforeseen challenges, or poor planning. Better estimates and better budget management are the driving force in the creation and perfection of a construction project budget. As Matti Siemiatycki points out in his study, Cost Overruns on Infrastructure Projects: Patterns, Causes, and Cures, that […]
The Complete Construction Site Inspection Checklist
Construction is a high risk and hazard industry that encompasses a broad spectrum of activities, including repair, remodeling, and commercial construction. Construction workers perform dangerous tasks, and they must be aware of electrocution, unguarded machinery, falling off rooftops, getting struck by heavy equipment, etc. Inspections provide certainty that everything in the construction project is working […]
What is Mobile Workforce Management?
Mobile workforce management (MWM) is a type of software which companies use to manage a remote workforce, often many employees on a job site, and is a crucial factor in integrating real-time field-to-office communications. With the ubiquity of mobile devices in today’s society, it is no surprise that there are new mobile workforce opportunities arising […]
21 Construction Interview Questions for Hiring a Better Team
21 Construction Interview Questions for Hiring a Better Team In the construction industry, various trades require many skills at different levels of experience and management. Therefore, companies need to make sure the hiring team is equipped with a standard set of important construction interview questions based on unique skillsets. Looking for a new hire can […]
Standardizing Business Processes for Drywall Subcontractors
What is a Drywall Subcontractor Drywall subcontractors are responsible for applying drywall to walls or ceilings and play an important role in the majority of commercial construction projects. Drywall subcontractors must, therefore, be able to read and understand design blueprints, estimate the number of wallboard materials necessary, and identify the locations of essential accessories such […]
Improve Commercial Construction Planning By Empowering Field Workers to Drive Profits
Commercial construction planning for projects large or small, requires an attention to detail and practice. The availability of materials and resources are influenced by many factors that must be taken into consideration. Deadlines are vitally important to many construction projects, where time means money and delayed projects result in significant fines. The back office shouldn’t […]
Risk Mitigation in Project Management for Trade Contractors
Risk is a part of construction, but companies are doing something about it with risk mitigation in project management. Without proper risk mitigation, the construction firm will face project delays, incur costs, and may even face litigation. Currently, 24% of firm’s projects face delays, 19% go over budget, and 11% result in legal disputes that […]
The Cost of Rework in Construction and How to Prevent It
Rework is the act of redoing or correcting work that was not done correctly the first time and prevalent on construction job sites. The construction industry spends roughly $178 Billion on fixing errors according to a PlanGrid and FMI survey. Rework can happen for a variety of reasons such as lack of supervision, insufficient information, […]
10 Tips for Better Risk Management in Construction
Risk management in construction projects is a constant battle for subcontractors. Subcontractors face many risks in construction that are unique to subcontractors, as well as all of the same risks that general contractors face. Subcontractors must be careful of the contracts that they sign because sometimes those contracts put them at greater risk than they […]
Construction Risk Management Checklist for 2022
The Merriam-Webster dictionary defines risk as the possibility of loss or injury. This explains why risk is inherent in construction. The potential for injury is high, as well as the potential to lose a lot of money. Effective construction risk management is the key to every successful construction project. It can be the difference between […]
8 Best Practices to Improve Construction Site Safety
Construction site safety is one of the most overlooked things during a construction project. In most workplaces, accidents are a nuisance for the worker and a headache for HR. However, at construction sites, accidents have the potential to be life-threatening. With every new story about environmental disasters, earth-shattering explosions, and trapped laborers, construction sites become […]
What is an RFI (Request for Information), How to Write One
An RFI (Request for Information) is an essential tool for seeking clarification and solving questions about project plans and specifications in the construction industry. It is the formal way for project teams to ask questions, clarify doubts, and address issues that may arise during construction. RFIs facilitate communications between multiple stakeholders for any construction project, […]