Construction projects demand meticulous planning, resource allocation, and financial oversight. Despite careful consideration, budget mismanagement continues to cause project delays, cost overruns, contract disputes, and financial losses. It’s not just about how much you spend — it’s about where and how funds are allocated to optimize project outcomes. According to a KPMG report, 37% of […]
Introduction Are you investing substantial amounts in bids but receiving no responses? What might you be doing incorrectly? It’s not always about updating your bidding strategy. Sometimes, taking precautionary measures can make all the difference in preventing your bids from failing. The construction industry is a highly saturated market, where every step requires careful thought […]
Introduction Pre-construction is no longer confined to conventional linear design, bid, and build approaches. With time, it’s evolving into a dynamic, iterative process that demands trust, transparency, and adaptability. In fast-paced construction projects, pre-construction and construction processes often overlap, complicating bidding, estimating, design management, and Building Information Modeling (BIM) coordination. Yet, many firms remain tethered […]
Introduction In this guide, we’ll explore the challenges decision-makers face in construction project budget management and how BUILDFitters can provide a solid budget management software solution. According to a McKinsey & Company report, nearly 98% of construction projects face cost overruns, with some projects exceeding budgets by as much as 30%. For project managers and […]
Introduction No project unfolds exactly as planned in construction. Unforeseen challenges—such as unexpected site conditions, late material deliveries, or shifting client preferences—inevitably lead to adjustments in the original project scope. These changes, formalized as change orders, are a natural part of the construction process. However, many teams struggle to manage them effectively. Construction change order […]
Introduction Every construction project begins with a vision, but without a solid schedule to guide its execution, that vision can quickly unravel. Poor scheduling remains one of the leading causes of project delays, cost overruns, and strained relationships among stakeholders. A missed deadline can ripple through the entire timeline, throwing off budgets, misaligning resources, and […]
Introduction In the construction world, pre-construction risk management is essential. This early phase, often underestimated, carries true weight in ensuring project success. It’s a critical time for identifying and addressing risks—especially those that could disrupt budgets, timelines, or compliance standards. For project managers, managing risks in the preconstruction phase management sets the foundation for a […]
Introduction In construction, keeping projects on track is critical, and every piece of equipment and material plays a role in that success. Yet, one of the most overlooked aspects of project management is the ability to track these resources effectively. Poor construction equipment tracking doesn’t just cause delays—it can lead to missed deadlines, increased costs, […]
Introduction In a landscape where 97% of firms acknowledge the critical role of project management in business performance and organizational success, the construction industry stands at the cusp of a technological revolution. This evolution is not merely about adopting new tools; it addresses the acute pain points of the industry, where project delays, cost overruns, […]