So how many times have you already heard the quote saying “Cash is King”? You’ve heard it many times and mainly because it’s very accurate. Maintaining a stable cash flow in the industry is crucial for a particular project to be successful. So if your company is consistently operating at a loss and usually suffers
Some of the common traits sought-after in Construction Managers in the industry are leadership, technical knowledge, and good communication skill. However, one trait that is often forgotten in the qualification process is just as important— the ability to effectively delegate tasks. In a multitude of tasks needed to be completed to deliver a successful project, one
Behind every successful construction project, a team manages construction operations from start to finish— spearheaded by a competent construction manager. A construction manager plays a crucial role in the industry, making or breaking an otherwise successful project. While the job scope is packed with overwhelming tasks, it can also be an intellectually stimulating and extremely
At some point, no matter how many accomplishments and struggles are happening simultaneously, every project should come to an end. Closing out a building project is one of the most challenging parts of the process. And when they do, it isn’t enough to watch it fade away instantly. Whether you are the project manager, part
For years, GPS technology has made great improvements when it comes to functionality and features. While basic tracking still exists in most industries like construction, having the latest ones are gearing toward giving the construction crew management the best asset management solutions and multi-dimensional fleet. When managing construction projects, you must track your assets, equipment,
Construction projects make up the largest industry in the world. They are the backbone of our world’s social, economic, and technological developments and advancements. The quality of our buildings and our infrastructure directly affects the well-being of an individual and a community. Our industry is responsible for producing the basic infrastructures like houses, roads, railways,
When managing construction projects, understanding the different types of contracts is crucial, as they determine what you pay, what you’re liable and accountable for, including other aspects of the job. It is the contract that protects the builder and the owner himself by ensuring expectations are clear from the start, avoiding possible conflicts caused by
Your construction company certainly has its own set of priorities to go on to the next level. In many cases, determining what initiatives can make the most significant impact can be challenging. However, what makes your business thriving and unique from other companies isn’t the services or products it offers – it’s the people within
If you have been managing construction projects for a while now, you know that the industry is well-known for being prone to many delays. These construction delays vary from project to project and are often due to the following: change orders, inclement weather, financial difficulties, labor shortage, miscommunication, and mismanagement – to name a few.
In managing construction, especially large-scale ones, it is not surprising to have more than one contractor who handles the project. Most construction companies look at subcontracting when dealing with too complicated projects or when they found themselves in the following situations: • Construction companies of all sizes sometimes have inadequate resources to complete the assigned
In the construction industry, the most sought-after output of any project owner can be simplified in one solid word— quality. Some say that the end justifies the means, but in construction, the completed structure and the process it went through to get there are just as important. This is why strict quality control and quality assurance
While fraud is inevitable in most types of businesses, it’s also pretty common in construction industries. We’re not saying that the construction industry is full of bad people, but rather, it’s one of the industries that come with few people who are determined to commit fraud. This is mainly because they are easily tempted by
When it comes to commercial construction, there should not be any shortcuts done just to finish the job even before the agreed schedule of completion. Even when there’s intense pressure of not finishing the construction before the deadline, contractors should still follow proper construction processes and steps. So are you doing it right?Commercial construction is
When you think of the word sustainability, the first thing that probably comes to your mind is eco-friendly practices, renewable resources, and our environment. However, being sustainable is not limited to those categories. It can also apply to social, economic, and corporate practices globally, with the life of our future generations on the line. Having
One of the fastest-growing industries today is construction. There is an increasing value of real estate, so most construction companies work on designs that cover less space and even eco-friendly designs. Since it caters to all the needs, there must always be precise planning, proper construction scheduling, and project scheduling. That said, Building Information Modeling
