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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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RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

The written form of an RFI in construction retrieves this information from a design, engineering or construction professional. Clarifying information that wasn’t included or unclear in the scope of the construction contract is critical to delivering a project on time, within budget and meeting quality standards.

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What Should You Include in Your Preconstruction Meeting Agenda?

ProjectManager.com

To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. In a preconstruction meeting, project exceptions are defined, roles are clarified and risk mitigation strategies are discussed.

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10 Best Procore Alternatives of 2024 (Free + Paid)

ProjectManager.com

Construction project management relies on good planning, experienced contractors and powerful construction project management software. While Procore is a known name in construction project management, many construction managers are looking for a Procore alternative. The pricing model will cut into your profit margins.

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The Construction Resource Management Process Explained

ProjectManager.com

It works towards meeting the project’s objectives as efficiently and cost-effectively as possible. This is greatly improved when using project management software, which is designed to make resource processes more efficient. Be sure that your estimate is accurate and even a bit padded to cover unexpected expenses.

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Construction Cost Management: Managing Construction Costs

ProjectManager.com

It begins with the planning and design and goes hand-in-hand with estimating and even on-site specialty contractors, change orders and the finished product. Good construction cost management will give your company a positive reputation in the industry. The construction cost management process is no exception.

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What Is Job Costing? When to Use a Costing Sheet (Example Included)

ProjectManager.com

When a contractor bids on a project or a manufacturer takes on a job, they need to have an accurate forecast of the price for the project to make a profit, which is why job costing is so important. We’ll go over all, plus explain when to use job costing and provide an example of job costing to make sure the definition is clear.