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Construction Cost Management: Managing Construction Costs

ProjectManager.com

Construction costs are one of many metrics that a general contractor has to keep an eye on. But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. That’s why construction cost management is so important. What Is Construction Cost Management?

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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. ProjectManager’s Gantt charts manage your human and nonhuman resources.

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How to Make a Contractor Payment Schedule in Construction (Template Included)

ProjectManager.com

Construction projects are often long and complicated endeavors. What’s included in the contractor payment schedule and the different types are a critical part of the professional relationship between the project owner and the general contractor. The construction payment schedule can be looked at as a sort of insurance.

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General Conditions in Construction: Definitions & Best Practices

ProjectManager.com

The general contractor is responsible for all the construction contracting activities that occur on a construction site. These general conditions in construction are varied and costly. If you’re a general contractor working in construction project management, you’ll need to know about general conditions.

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Lean Construction Principles & Best Practices

ProjectManager.com

There’s more than one way to manage a construction project. From the world of manufacturing comes an approach called lean construction. But lean manufacturing and lean construction are two different things. Let’s explore lean construction, defining what it is and its key principles.

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Types of Construction Specifications: Key Things to Consider

ProjectManager.com

Construction companies have to do some heavy lifting, and that’s not just the steel and concrete they use to erect buildings, bridges and other structures. There are many different types of materials and labor that go into their work that requires their contracts to have construction specifications.

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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

No one needs to tell you that projects cost money. But how much they’ll cost is an open question. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs.

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