As a contractor, you are always on the move, from one site to another, from job to job. And with so much shuffling around, there is more and more opportunity for human errors, especially in your inventory, like lack of materials, tools ending up on the wrong jobsite on the wrong day, etc. When you
Managing construction seems like a series of major activities for people outside the industry- one after another. With complex skyscrapers and high-rise structures that’s been rising everywhere, it is easy to assume that the most vital aspects of a project are the big accomplishments— such as milestones and completion of phases. However, people inside the
As the old saying goes, change is inevitable. On construction projects, a more proper statement may be that “change orders are inevitable.” If the sheer thought of change orders makes you flinch, it might be time to take a closer look at your change orders and determine how you can improve them. Change orders are
Construction projects are rarely wrapped up most of the time without the general contractor running into some problem with a subcontractor or vendor. When problems start to arise at any point in the construction lifespan, the team in charge of managing construction payments must have a process in charging a subcontractor or vendor for any
Inventory management is one of the most laborious and time-consuming tasks a project manager must do when managing construction businesses. While inventory management includes understanding how to handle resources and when and where to allocate them, it is much more than that. It also involves overseeing the purchases, distribution, warehousing, and storage of goods while
Managing construction projects also means managing all that comes with it, such as inventory and assets. Now you might be wondering, what is the difference between the two? For one, inventory management tracks all the stocks and reserves that come in and go out of the construction company’s warehouses; asset management tracks the supplies and
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
