When it comes to construction project management, acquiring assets is an essential part of a project lifecycle, and as such, its management is required. However, construction asset management is often disregarded or handled less seriously than it should. Most project managers focus on asset procurement, but it should not stop there. Construction asset management is
Asset management is an essential aspect, no matter what type of business you run. Your construction business is no different. Asset management in construction is often overlooked despite its importance in maintaining all your assets – trucks, machines, heavy equipment, building infrastructures and more. And without an asset management plan in place, your construction business
If you are a contractor, your subcontractor partners’ performance, reliability, and quality are crucial for your success. When your subs underperform, it can be time-consuming, frustrating, and draw the construction contracts to a crashing halt. The subs and their performance can impact your capacity to deliver quality projects on schedule and within budget. So what
When it comes to construction project management, it is no secret that project managers must keep a keen eye for detail and employ a meticulous and hands-on approach. With a million moving parts involved in one project, the construction industry is notoriously prone to risks. As a project manager, you should be aware of the
As the contractor, when was the last time you looked over the substantial completion terms in one of the contracts? You may know the date set in the said contract to complete the project substantially. Reaching substantial completion is a significant milestone in construction projects. As the contractor, you and your team should better understand
There is no doubt that managing construction projects is a complicated task in itself – and they can become even more complex depending on the demands and expectations of consumers and investors. It requires a comprehensive set of project controls, meticulous management, and a collaborative, hands-on approach to ensure that projects are delivered on schedule
Generally, financial management utilizes a company’s financial resources to bring a goal to completion. This includes using money and other assets— such as construction tools and equipment. Many daily decisions in a construction jobsite affect a company’s financial standing. For instance, the decision to bid on a large commercial project can significantly impact the overall
When it comes to managing construction, keeping your construction crew’s health and safety throughout the project’s duration. The construction industry is very prone to delays, risks, and accidents. Keeping clear visibility of every intricate detail of the project is a tedious task. There are additional concerns to consider for construction employees working in high-risk locations.
Nowadays, construction professionals are trying to accelerate the adoption of technologies in their operational processes. When these technologies are utilized efficiently and effectively, this can completely change how you handle your projects – from streamlining your business processes and improving collaboration and productivity to driving up salaries and profit margins. Luckily, today’s real-time technologies offer
Are you one of the project managers struggling with the lack of well-defined goals for the construction projects you are running? When objectives and goals are not clearly defined, you and your stakeholders will not be on the same page concerning the project’s direction. It is like going on a road trip with no destination
One of the most common misconceptions in project management for construction is that it revolves solely around the operations aspects— well, that is only the tip of the iceberg. Before any work begins in a project, plans need to be approved, permits must be processed, and specific licenses and insurances must be acquired. While this
With today’s rapidly increasing dependency on modernization, the construction industry’s future depends on technology. With the increase in demand for construction projects, companies that are currently short-staffed or with limited resources must find a way to keep up. Many construction technologies are available in the market that can provide businesses with many valuable tools and
Efficiency and productivity are essential for a successful construction project. However, productivity is in a state of downslope. As a matter of fact, productivity has been progressively declining yearly. Have you noticed the decreasing productivity rate in your team? If yes, the main issue can be this – everybody must be looking out for themselves
When managing construction, you are essentially in charge of all the intricate details of the project, from conception until the final project handover. With millions of dollars, long-term investments, and expectations at stake in a construction project, ensuring a smooth, seamless, and high-quality project delivery becomes essential. If you are bound by numerous time, cost,
In managing construction, zoning refers to regulations set by the government that guides contractors on what can and cannot be built on any given property. For any project, you can refer to the municipal, local, or city zoning maps to determine what zoning category your construction site belongs to. From that, you can discover the
