Productivity has been quite a popular topic of discussion in construction, particularly over the past years. An increasing decline in construction productivity in the U.S. has become prevalent. According to BLS or Bureau of Labor Statistics, productivity in residential as well as public construction dropped more than 20% from 2015 to 2020. Commercial construction fared
A robust project management software is key to driving business success for any company. There are tons of moving parts involved in these complex construction projects, and having the best project management tool in place is crucial to keep everyone at the same pace and meet deadlines. In today’s modern business world, there is no
Managing construction requires resiliency— it is one of the abilities of a successful construction manager. Construction companies do whatever it takes to survive the ups and downs of the economy and the competitive environment. This sometimes means taking on low-profit margin or even no-margin construction projects to keep the cash flowing and their crew working.
The winter season can be so unpredictable. In the case of a construction worksite, it is potentially deadly. This weather season is rapidly becoming harsher, that even the simplest tasks become more and more difficult. During this season, most of your projects and team will get some rain and snow. Winter is really in full
Inventory is one of the main cost drivers in any business industry. The cost for inventory stocks alone accounts for half, or maybe even more, of the project’s total budget allocation in the construction industry. So as a project manager, inventory management is often one of the responsibilities you have to prepare for when managing
Winter is here. The winter season is known to be the slowest time of the year for most businesses, especially in construction. Fewer daylight hours, icy weather and temperature, and an increase in the travel volume can lead to a significant shift in project management for construction. Changing seasons makes it even more challenging to
The choice of the procurement process is critical to the success of a construction project. It is also a major deciding factor to the overall success of the company. Procurement in construction is never easy. Thus, it always requires a series of upgrades. And working with a complex supply chain, you have to source out
Construction inventory is a crucial element of most businesses in varying construction trades. Shift inventory fast enough, and you will usually produce more revenue for your company. Now the question is— how do you make this possible? Before we proceed with the strategies in inventory management, let’s dive into its basics first. What Is a
A construction project typically involves a million moving parts – from material production and supply chains, equipment rentals, and labor workforce. Thus, implementing a comprehensive inventory management strategy plays a significant role in determining a project’s progress and success when managing construction projects. One of the daunting challenges that a project manager may encounter on
In managing construction, inventory management is one of the highlights of procurement management that brings the whole process in the supply chain full circle. While more logistics and activities are involved when inventory management is included, it enables the procurement team more control over their work. For instance, the building materials or equipment purchased in
Imagine you are the site manager. You and your construction team are handling materials and equipment around the clock to accomplish project goals. And here is your client expecting the project to be completed next week and has to be on time. Obviously, you are responsible for tracking those materials to make sure they do
Communication in the construction industry is crucial to achieving a successful process from initiation to completion. Good communication within your team improves team working skills, leading to an optimistic collaboration and result in a positive project journey for the clients. If communication fails within your team, not only can it significantly cause delays and problems
It is evident that a construction project cannot commence without a proper work schedule in place since scheduling establishes a system to manage construction projects and their activities, deliverables, resources, milestones, and goals in a timeline. Construction teams build a work schedule in order to sequence what work will be completed in specific phases or
The construction industry is one of the largest sectors in the economy – with billions, maybe even trillions of dollars spent on construction materials, goods, and services throughout the years. As one of the industries with the most significant employment, there is an anticipated rise in the demand for construction services due to clients and
In managing construction, risk planning is one of the most critical aspects stakeholders must highlight before the project commences. Incorporating a construction contingency in your overall budget is one of the first steps in protecting your company from any unforeseen risks throughout the project timeline. Remember: Risks equates to cost, and this cost needs to
