Remove Budget Remove Construction Remove Risk
article thumbnail

Construction Risk Management: An Introduction

ProjectManager.com

Few things are as risky as construction. How do you meet your deadline while managing all that risk? The answer is construction risk management. It can be mind-bogglingly complex, which is you should make a detailed construction risk management plan. What Is Construction Risk Management?

article thumbnail

Work in Progress (WIP) Report in Construction (Template Included)

ProjectManager.com

General contractors strive to maintain each job’s profit margin, so it makes sense that the construction project will be monitored closely to ensure it’s progressing as planned. A work-in-progress (WIP) report is one of the tools used to track the budget. What Is Work in Progress in Construction?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Free Excel Construction Templates

ProjectManager.com

Any construction project, no matter the size or scope, requires a wide range of documents. These documents must be thorough and clear, and using construction excel templates guarantees each document includes all the information it needs. . Construction Proposal Template. Construction Estimate Template.

article thumbnail

10 Best Construction Software for Mac (Free & Paid)

ProjectManager.com

Construction software is essential for general constructors to plan, manage and track projects. There are many options for construction project management software , but most run on PCs. If the construction company or any of its departments use Apple products, they’re out of luck. What Is Construction Software for Mac?

article thumbnail

CM at Risk (CMAR): Pros & Cons of Construction Management at Risk Delivery Method

ProjectManager.com

There are different ways to deliver a construction project. The elements of any construction project delivery include design, planning, construction and financing. Construction management at risk, also known as CM at Risk or CMAR, is a construction management approach that’s been gaining popularity.

article thumbnail

Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

But what is a schedule of values and why is it such an essential construction project management document? The schedule of values (SOV) is a construction document that’s part of the payment process when working on a project. We’ll answer these questions, explain when the schedule of values is used and the benefits of using one.

article thumbnail

Construction Cost Management: Managing Construction Costs

ProjectManager.com

Construction costs are one of many metrics that a general contractor has to keep an eye on. But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. That’s why construction cost management is so important. What Is Construction Cost Management?