Executive summary. Contract interpretation can be difficult for a construction professional. Contracts are comprised of thousands of words and hundreds of paragraphs. Consider “contract mapping” to help quickly guide you through a contract. Give me numbers, not words. Most construction professionals are technically minded and/or visually geared. This is to […]
Executive summary. As a general contractor you can rely on your subcontractor’s bid on bid day as a binding agreement. But not in all states. Read on to learn about protection granted by the Doctrine of Promissory Estoppel. Call your attorney. I’m not a lawyer, and I don’t know what […]
Executive summary. An accurate job cost projection is vital to Company survival. And it’s not too complicated if you know the budget, the timing of your costs, and can do a little bit of estimating. It’s NOT about blindly relying on quantities completed! What’s a projection? It also carries different […]
Executive summary. Field overhead carries different names with different contractors and owners. Discussed here is what field overhead is, and why it’s important for owners to understand. Project estimation. When a construction project is estimated, a good estimate will be one that captures all costs related to a project. These costs include, […]
Executive summary. A construction claim is a dispute in the Work as it was contemplated in the original construction documents. However, a large percentage of what drives a claim is not the Contract. It’s the people. It’s personalities. The spark. Losing money. That’s what drives contractors to spar with an owner. Contractors […]
Executive summary. Most traditional bond rates have two variables in their cost: the contract value and the time threshold. Do not forget to include both in time extension negotiations. What’s in a bond rate? The bond rate from your surety agent comes in two parts: (1) the cost as a […]
Executive summary. Many video conferencing softwares are in existence. Which one suits you best? Which ones are easiest to use? Here’s one users’ opinion. What do these softwares do? The concept is simple: hold a “face-to-face” meeting with colleagues from anywhere across town or around the world. And it works. […]
Executive summary. Most Project Owners are convinced that Contractors thrive on change orders. The truth is that most would prefer to have none. Read below a sort of open letter to Owners. Speed. I feel the need, the need for speed [QR]. Mr. Owner, when I signed this contract, I […]
Executive summary. Most contractors use letters to communicate significant events in a project. Use letters to tell. Use RFIs to ask. Letters for when and for what. Generally speaking, during a construction project, letters are used by contractors to owners at significant or milestone-type events. Common reasons for letters include: […]
Executive Summary. You’re probably reading this from America or Canada. Ever wonder what the infrastructure and construction means and methods are like in a smaller less developed country like Laos? [For those who haven’t tapped into Google yet to find out where Laos is, it’s a landlocked country adjacent to […]
Executive Summary. What are the “necessities” for software and apps for your construction business? Here’s a look at what’s out there – software and/or apps that are in use by successful firms to accomplish necessary functions in your business. What do I need? If you’re doing more than a million […]
Executive Summary. How many RFIs (requests for information) are too many on a construction project? Is it time, is it possible, to tie the number of RFIs on a job to the cost impact suffered by a contractor? What is an RFI? “RFI” is an acronym standing for Request for […]
Executive Summary: BI stands for business intelligence. It is the process by which information from all of your company’s different computer systems (estimating, job costing, accounting, operations, et cetera) is displayed on one screen. You may not needit, but you better understand it – it’s coming. What is BI?BI, or business intelligence, […]
Executive Summary: A GL account is separate from a cost code financial and job cost reporting. Here we introduce the basics of GL accounts. What’s a GL Account? GL stands for General Ledger. The general ledger is a set of accounts used by your accountant to classify costs within your company across your financial […]
Executive Summary: A recent article by the American Bar Association caught my eye. It was entitled “When is it okay for a lawyer to lie?” I could probably end the article right here. I’ll keep going. [QR] Contemplating a law career. Yup, I get it, you know someone who watched television like the rest […]
Contractors usually are mandated to attend a pre-construction meeting with the Owner. There’s no reason not to also have an internal pre-construction meeting.
Once the decision is made to engage a consultant, choosing the firm to assist you can be one of the biggest challenges. Consider asking key questions to flush out the quality and value of the service.
Construction claims are an unfortunate part of the construction process in today’s world. When you have a claim, know the order of hierarchy in your presentation of the data for maximum remuneration from the client.
Executive Summary: Construction companies have inventories that should be managed to improve efficiency and, in turn, improve the bottom line. Consider a mobile solution or at least one that gets away from the clipboard. How it was. My parents ran a small and successful construction company which provided well for […]
In episode 066 of The Civil Engineering Podcast, Anthony Fasano talks with Scott Jennings, P.E. principal of SJ Construction Consulting, LLC about the importance of cost estimating for civil engineers. Here are some of the questions asked of Scott: Can you walk us through the process of putting together a construction […]
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