Construction cost overruns don’t just happen; they stalk projects right from the start. They hide in project design, project schedules, and nearly any other project aspect, waiting to surprise and confound when least expected.
Estimating mistakes cost contractors plenty. And, with the demand from customers for estimates on-the-fly, the chances of missing the mark increase dramatically. Try this FLOW strategy to stop making estimating mistakes.
Scalability is a process that allows you to create value, deliver value and capture value. It's all about profitable growth. Fortunately, researchers writing in the Massachusetts Institute of Technology, Sloan Management Review have studied scalability … about Is it Time To Scale Your Construction Business?
With the slowdown in residential construction, many firms might be looking to expand across into commercial projects. Here’s how to make it work. New codes, new supply chains, new staging, new products and highly competitive … about How to Move from Residential to Commercial Construction
Companies must improve the way they manage capital to boost competitiveness and support emerging growth. In the long-term, companies building strategic-thinking contemporary real estate teams aligned workplace goals with C-level vision will take corporate real … about FOMO: Missing Out on ROI by Underspending Capital Budgets
Lisa Picard, President and CEO of EQ Office (manager of Blackstone’s US office real estate portfolio) makes a point of declaring herself an “Accidental CEO.” Her candor, sharp wit, and vision for the future of … about EQ Office’s Lisa Picard Makes the Future of Office Her Purpose | Catalyst 2019 Keynote
Think about it: Before bids are awarded, typically only a small fraction (10% or less) of the total budget for a construction or capital project has been spent. The remaining 80-90% of the job’s budget … about Bidding for Real Estate Owners & Managers
While capital projects and construction projects can range from a simple painting job to an entire roof replacement, a real estate owner’s goal is always to increase the value of an asset or to make … about The Most Effective Bid Template for Construction Projects
When you open up your latest construction project for bids, plenty of vendors will likely respond but the quality of their bids will vary dramatically. From finding missing information to reworking line items for easier … about Getting the Best Construction Bids from Your Contractors
Every construction business owner can learn a lot from competitors. Your main competitors are those you compete with head to head. But merely copying them won't do. You will just always stay one step behind. … about 7 Construction Business Tactics Your Competitors Don’t Want You To Know