It felt as though construction costs for materials might be stabilizing in 2023 but perhaps we are becoming more comfortable with uncertainty. Building Design & Construction Network says 2023 year-end reports indicate an “overall” equilibrium but with variations. We’ve seen decreases in aluminum, lumber, and steel pipe costs and double-digit price increases in concrete, glass, gypsum, […]
Q3 2023 Construction Costs Insights Read More »
Operating costs are a fact of life for construction business owners. And just as we begin to embrace one technology for managing construction costs, another technology becomes more viable. Cloud capabilities for managing construction costs have many advantages. Application integration – You go one place for one piece of data but somewhere else for another
11 Ways the Cloud Manages, Modernizes Construction Costs Read More »
It’s critical to know how much a project will cost. Lately, that’s been more of a crapshoot than it should be, but construction business managers are finding innovative ways to guesstimate costs and when costs will hit the budget. Time-Phased Budgets for Construction Business Projects The challenges of cost-loaded schedules for construction business projects are
Construction Business Project Management: Cost Control Read More »
As we get older, it’s difficult to transition from some of the basic business principles and construction cost data we followed from other decades. They worked, time and again. Many of them aren’t working now. If you’re estimating costs using the same formula your company used in 2019, it’s just like assuming you can get a
Using up-to-Date Construction Cost Data Read More »
Quality construction materials are never cheap, but in some locations construction material costs will take a bigger bite out of your budget than you might expect. That’s even more likely if you’re planning on building in New York City. Another Boom Means Growing Costs The building boom New York City enjoyed before the economic collapse
New Report: It Costs Twice as Much to Build in NYC Read More »
With so many moving parts involved in every construction project, you’re almost guaranteed to see scope creep and cost overruns if you don’t maintain strict control. An effective cost management plan for construction projects helps you stay on budget and on schedule. What a CM Can Do for You A Configuration Management (CM) system gives
Implementing a Cost Management Plan in Your Next Build Read More »
Managing construction project costs is critical to ensuring that the project is completed on time, to the client’s satisfaction, and within budget. Cost overruns and other financial errors can lead to unhappy clients and a job that produces no profit or, worse, results in a loss. A cost management plan for construction projects should be
Keeping Your Job Site Costs in Check Read More »
The high price of cost cutting in building materials continues to rear its head as the Chinese drywall issue again appears on appeals court dockets. As long as nine years ago, Taishan Gypsum sold contaminated drywall to U.S. builders and contractors engaged in residential construction in Florida and Louisiana. Nearly 250,000 sheets of drywall were
The Contaminated Chinese Drywall Issue Continues With Another Round in Court Read More »
