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What Is a Bill of Materials? Components, Purpose & Types

ProjectManager.com

But all of those concerns are tied to the bill of materials, which collects the pieces that’ll be used to build the final product. A bill of materials, however, is more than a mere list. We’ll even include a free bill of materials template to facilitate the process. What Is a Bill of Materials (BOM)?

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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

Creating a schedule of values is important for the project owner, contractor and subcontractors alike. It can be used to communicate what’s needed in the project, the costs associated with the activities and the management of payments. But what is a schedule of values and why is it such an essential construction project management document?

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How to Make a Production Order for Manufacturing

ProjectManager.com

Manufacturers make things, and how much they make is determined by demand and the supply of raw materials. If the necessary items referenced in the bill of materials are in stock, they are reserved for production. First, let’s define what a production order is and why it’s so important to the manufacturing process.

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What Is a Bill of Quantities? (Example & Template Included)

ProjectManager.com

A bill of quantities is an important document in construction project management. Making any building or structure involves many things, but few are as important as materials and labor. Some even say that all construction projects begin with a bill of quantities. What Is a Bill of Quantities?

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Discrete Manufacturing: Definition, Benefits and Examples

ProjectManager.com

The latter requires inventory control, lead times and reducing the material costs and waste. Learn more Key Elements of Discrete Manufacturing Discrete manufacturing is all about taking raw materials and making them into finished goods. What is discrete manufacturing and how does it differ from process and other manufacturing methods?

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What Are Construction Submittals and Why Are They So Important?

ProjectManager.com

It’s usually a written document that’s then given to the design team who reviews and approves the equipment, materials and so forth being requested. Only after approval by the architect or engineer will the materials be fabricated and delivered to the construction site. If the wrong material, color, etc.,

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Project Financial Management: Managing Project Financials

ProjectManager.com

To do this requires planning, estimating, budgeting, funding, managing project expenses and billing. This includes direct costs, such as fixed labor, materials and equipment, as well as indirect costs that include utilities and quality control , among other things. It’s more than just keeping up with costs.

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