The Unexpected Benefits of Project Management Software

The proliferation of project management software and services is nothing less than overwhelming. Even the companies that have established a base level of use of project management software continue to be challenged by whether advancements have overtaken the usefulness of existing systems to suggest an overhaul or implementation of a new system.

It’s Time to Talk About Occupational Fraud

Safeguarding assets from fraud is an important objective for every company. It will take an all-hands-on-deck approach to be successful, and it starts at the top.  

Curb Discovery Costs With a Tailored Arbitration Clause

Arbitration is premised on using arbitrators with knowledge of the subject matter to conduct more efficient proceedings. A lot of the uncertainty and expense can be eliminated with a well-crafted arbitration clause.  

Working Backward From a Budget With Target Value Design

When construction firms help owners get the absolute most out of every dollar of their investment, they can not only win the work, but also earn a client for life. Rather than letting design drive the budget, which often results in the need to “value engineer” later in the process, target value design is an approach in which the budget drives design decisions, occurring very early in preconstruction. 

Industry Game-Changers

Typically, disruption in the workplace is counterintuitive to productivity. But in terms of creating innovative ways to manage people, processes and technology, the concept of “disruption” isn’t such a bad thing for the construction industry. Change is stirring whether contractors are ready for it or not, and firms that have adopted new ways of managing scheduling and workflows are seeing stellar results—earning the accolades of repeat projects for key clients, as well as happy project partners.

Five Tips for Getting the Business Intelligence Dashboard You Want

Select a business intelligence solution that acts like Switzerland: willing to work with any data source out of the box. 

Internal Controls Prevent Construction Losses

Internal controls stem from the idea that no one individual should have complete control over a given transaction process and that there should be proper segregation of duties among individuals involved in every process. By spreading responsibilities among employees, companies can mitigate the risk of fraud. Practically speaking, this means separating the preparation, recording and approval of a transaction among multiple people.

Emerging Drone Applications in Heavy/Highway Construction

  From bid preparation through project development, completion and maintenance, drones offer ways to speed results and reduce costs on heavy/highway construction projects.

Embrace New Technology Platforms to Improve Business Operations

Contractors that keep pace with changing technology will be better positioned to analyze and improve job performance, speed up routine processes on the jobsite, attract and retain the next generation of talent, enhance owner and client relationships, and better manage the inevitable changes that occur throughout the life cycle of a job. While there are many benefits, the construction industry in particular needs to be mindful that changing ingrained processes also will require investment, time and momentum to implement.  

Optimism Rises for Near-Term Infrastructure Spending

Stepping away from campaign promises and political conjecture, 2017 should be a decent year for the transportation
construction market, with the best years for spending growth still ahead. 

 

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