Any industry has its fair share of risks associated with its in-and-out operations, but managing construction risk is a whole different universe. This is mainly because there are so many variables at play for construction projects that requires proper management. Failure to properly assess, manage and mitigate potential risk could place construction projects in jeopardy.
If you’re in the construction industry for some time, you might have probably heard the maxim “time is money,” and that phrase can’t resonate stronger than among concrete contractors. Since contractors bid on jobs competitively and with enthusiasm, profit margins, in general, tend to be very low. With this, general contractors and subcontractors alike look
At the heart of a project management system is the control of time. At this present time, the project schedule is on course and run smoothly. However, the complex and unpredictable nature of construction leaves little room for seamless time management. Construction teams, these days, are consistently in a race against time to reach deadlines
Business owners are searching for many ways to drive more sales to their construction business, chasing another idea or marketing channel. But is your construction business marketable? It is highly encouraged to change your outlook from more sales to more customers. It is the very same thing, yet the approach is entirely different from the
Individuals, teams, and organizations use project task management tools to organize and prioritize related tasks to complete projects more efficiently. Moreover, these tools added in project management for construction helps in the planning and timing projects, including the different kinds of planning programs used in the construction sector utilizing a construction projects sequencing and scheduling
Generally, “collaboration in construction” means that teams work together towards one project goal or objective. As a result, every team member has direct access to the main plans and goals of a project at any given day and any given time, without having to rely on slogs or gatekeepers to remote offices just to get
Managing eco-friendly construction projects involves building materials and processes that are resource-efficient and environmentally responsible throughout the lifetime of a building. Long dismissed for being expensive, green buildings have seen a surge in popularity thanks to the many advantages over traditional buildings that range from environmental to economic and social. Growing awareness of the impact
How many times you’re locked into renting or buying a construction tool or equipment? Are you still figuring out if there’s a right or wrong decision? There isn’t. It is already well-known that today’s construction industry is very competitive that even the minimal additional costs can quickly knock you off from the top bidder spot.
Knowing how project management for construction works, you’ll know that construction estimates are crucial to securing contracts and staying in business. This means bidding low enough to beat many competing contractors but high enough to cover all actual costs such as labor and materials, equipment, and subcontractors. Don’t forget to include overhead expenses such as
Without comprehensively planning or scheduling in construction, a large construction project is likely to fail. By enabling stakeholders to work together in an integrated manner, construction scheduling software can do planning and scheduling more efficiently, allowing them to tackle tasks head-on without fear of some mistakes. In essence, construction planning describes the process of selecting
Many trends come and go in the construction industry and some fall by the wayside in just a short period of time. However, other trends grow to become a critical part of the industry. In fact, sustainable construction falls under the latter. There are a good number of reasons why builders, contractors, and owners, whether
Road builders and paving contractors are turning to Roller Compacted Concrete (RCC) as their pavement of choice in larger numbers. It is because the acceptance of RCC grows across the U.S. Roller Compacted Concrete offers unique qualities completely different from asphalt or traditional concrete that transformed the pavement as a fast-construction and economical candidate for
In managing construction projects, you may encounter various types of workers, supervisors, and contractors who work hand-in-hand to attain one goal: the project’s overall success. Just like the scale of a structure about to be built, the same volume of people is also involved in a project— to the point that everyone, inside and outside construction,
As technology develops, there also comes a strong trend towards building things away from the site. In managing construction nowadays, one approach that is considered is modular construction. First, buildings are produced and built-in “modules.” Then, when put on-site, show the exact design and specification. Without compromise, it offers a sophisticated-built facility. Modular approach has
In terms of boosting team morale, overall business performance, and reducing employee turnover, having a great company culture is essential to success. The strong culture within the company goes for any industry. However, it seems to be set aside in the construction sector and field service industries for some unrecognized reasons. Without a strong company
