If you’re running a construction business, you’re already familiar with cost overruns and the effects they can have on the project budget and schedule as well as, ultimately, your bottom line. The question is not whether they’ll happen but how to handle them when they...
A highly successful construction manager always has the end goal in sight: delivering a quality project on time, within budget, and with all stakeholders and team members satisfied. For that to happen, construction managers need to form positive working habits that...
To get any construction project started, you’ll need funding. Every project procedure requires a certain amount of money, from materials and equipment procurement to worker payroll and permit acquisition. Yet, you have to be able to cover expenses as they come. Bad...
Budgeting for overtime is a reality of managing nearly any construction project. Since the work usually takes place outdoors, making it susceptible to supply chain issues, unexpected severe weather or unexpected labor shortages, project managers might find themselves...
Last year, the construction equipment rental market reached $118 billion, and by 2027 it’s expected to surpass $180 billion. But why is there such a surge of interest in renting equipment? First of all, the demand for new residential, commercial, and infrastructural...
