With the great demand for construction services worldwide, the industry is a booming business that does not seem likely to slow down soon. However, as the number of construction projects increases, the amount of waste, trash, and debris must be cleaned up. Managing waste has become an essential part of any successful building project. Most
Accurate and efficient accounting is essential to success in construction, like any other industry. However, despite being founded on average accounting principles, accounting for construction is a specialized discipline due to the unique way construction firms operate and how complex the projects are. Construction accountants manage the profitability and expenses of large, individual construction projects
Most construction firms believe that their success comes from prioritizing solid safety cultures. The construction industry is one of the riskiest jobs there is – and as a result, safety methods and attitudes are critical to ensure that workers are protected against site dangers. Project managers and construction professionals should understand that they must make
As a project manager or a general contractor, any company’s end goal is to turn the client the keys to a construction project, whether a new building or a renovation. But your work is not done until it is not yet accepted. When a building project is done, the last step is to check the
As a contractor, you and your clients should use several measures to ensure accurate and safe completion of the project. Specifications are often used to outline detailed aspects of your project and align your objectives and specifications with your clients. A better understanding of the important components of your construction specifications may help you correctly
If you struggle to hire skilled, qualified workers to fill open job positions in your construction company, do not worry because you are not alone. The construction labor shortage has been a recurring problem for over a decade. And the many things that have happened recently place more pressure on an already short-staffed workforce. The
As a project manager, creating daily construction reports is one of your essential tasks for managing construction. These reports may seem tedious at first – imagine, whipping up a report can take hours out of your schedule. However, these reports are critical since they keep you informed about project progress and delays and safeguard you
When you belong in construction, you are most likely familiar with the terms construction takeoff, the material takes off, or simply takeoff. Whether you are a contractor, subcontractor, or estimator, it is crucial for you to understand what material takeoff is and how to perform it. This ensures you a proper estimation of the requirements
As a contractor, you will use numerous construction documents within the life of a project. As big and complex your projects are, documents tend to increase, and disorder will happen. In construction, chaos in every aspect of the business seems to be a norm, particularly in documents. With many records split between digital and paper,
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
