Conflicts on the construction site are a common occurrence. Disputes and disagreements are going to arise when you have multiple parties such as general contractors, owners, architects, subcontractors working together to complete a project. These stakeholders have different opinions and interpretations on how things are supposed to be done. Those differing opinions often lead to conflicts.
Construction is one of the largest industries in the world’s economy that generates trillions of dollars every year. However, the industry faces many challenges like tough competition, low profit margins, cost overruns, and tight project delivery deadlines.
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Getting a job as a trade professional may seem straightforward, but there are a number of skills that everyone, from plumbers and electricians to HVAC technicians and landscapers, needs to maintain. Most of these jobs are both physically and mentally challenging and require strong personalities to ensure successful work. In addition to the basic skills you’ll need on the job, many of these professionals must also consider their working conditions, navigating hazardous environments, tight spaces, heights, heat, and so much more!
Over the past decade, the world of construction technology has evolved at a breakneck pace. Not long ago, estimators were still calculating numbers by hand and performing 2D takeoffs on pieces of paper. Today, not only are these processes automated but they can even be performed all under the same roof if one wishes.
The proper practice of managing risks is every construction contractor’s road to a successful business. Risks related to the construction industry are vast and varied given the industry’s inherent nature. As such, project success very much rests on how well construction contractors stay on top of the risk-managing game, particularly when it comes to crafting superb risk response strategies.
Putting together a winning bid proposal is a lot more complicated than putting some numbers together and hoping for the best. Good bid preparation requires a lot of time and effort that involves everything from reading and fully understanding the plans and specifications to accurately estimating costs for labor, materials, and equipment. Making even the smallest mistake can mean the difference between having a winning bid proposal and missing out on a coveted project.
The commercial construction industry relies on a number of mutually beneficial relationships. This is most evident is the relationship between general contractors and trade contractors. General contractors typically subcontract out work to a variety of subcontractors in order to successfully complete construction projects. In turn, trade contractors rely on general contractors to provide them with work on projects they have been awarded.
Change orders are an inevitable part of working in the construction industry. You’ve probably had to deal with them at some point on a project and will continue to have to deal with them on future projects.
More and more builders are starting to think beyond traditional construction methods as we reimagine how projects are conceptualized, designed, and executed. You only need to skim the headlines to discover scientists researching how cigarette butts can conduct energy in bricks and pavement and paint developers rethinking chemicals and colors for more energy-efficient homes.
“To bid, or not to bid, that is the question.” It ain’t exactly Shakespeare, but the decision to bid on a project shouldn’t be taken lightly. You invest a great deal of time and resources into putting together a bid, so it’s important to make sure you are carefully identifying the right projects to go after. One way to do this is by conducting a thorough bid/no-bid analysis that meets your company’s goals and is in line with your long-term strategy.