CATEGORY | Construction Management

How Does Progress Billing Work In Construction?
Construction Management

How Does Progress Billing In Construction Work? The 8 Essential Steps

In the business of construction, it’s all about money. Not just profit and bonus checks, either. I’m talking about cash flow (via Accounting Tools). If a building or infrastructure project is going to be built, someone is paying for it, and someone else is being paid for it. This is how a construction project gets built on the most basic, fundamental level. As you can imagine, there’s a lot more to it than that. For the vast majority of projects out there, projects are paid for as they go. This is done through a process call progress billing. How does progress billing work in construction? In this article, we’re breaking it down into each fundamental step.

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Can An Engineer Become A Project Manager
Career Planning

Can An Engineer Become A Project Manager? 5 Realities To Consider

The field of engineering has grown drastically in the past couple of decades, as has the overall demand for engineers in the workplace. Well over 100,000 students graduate with a degree in engineering each year, according to ASEE – that’s in the US and Canada alone. Engineers are sought after by many companies for their problem solving abilities, discipline and technical backgrounds. There is a caveat worth mentioning, though – many of these companies aren’t engineering firms. Statistics vary, but I’ve heard as many as ~50% of all engineering degree holders are not actually working as engineers. Supply and demand dictates that the more engineers there are in the workplace, there’s less of a demand for them all, and the job market gets more saturated as the pace of supply outruns the pace of demand. If you’re an engineering graduate, it’s a coin toss chance as to whether you’ll work as an engineer or not. There are, however, many alternative careers that engineers are a good fit for. Onto the main focus of this article: can an engineer become a project manager? Let’s explore it.

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What Is A Daily Report In Construction? 5 Best Practices
Construction Documents & Templates

What Is A Daily Report In Construction? 5 Best Practices

A daily report in construction summarizes all of the activity on a construction site on a particular day. This includes manpower, hours worked, the work performed, weather, equipment and materials used, visitors, deliveries, subcontractor activity and a summary of what happened that day. Over time, every project will have dozens, hundreds or even THOUSANDS of daily field reports. The books of daily reports will contain all of the pertinent information for any/all activities on the job site. In terms of more specific tips and strategies, there are a few things to include on a daily field report that you may not have considered. Here are 5 essential best practices!

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Time & Material Contract: Advantages And Disadvantages
Construction Management

Time & Material Contracts In Construction: Advantages & Disadvantages

In construction, time and material refers to a contractual arrangement where the client pays the contractor for their exact costs of construction, plus a fixed overhead and profit margin. The costs the client pays are the exact costs of the contractor, including labor, equipment, materials and other subcontractors. Overhead and profit margins are typically billed on a percentage of the costs. There are many differences between a lump sum contract and a time and material contract. Let’s explore the advantages and disadvantages of time and material contracts, plus some tips!

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Is Construction Management Stressful? 6 Causes Of Stress
Construction Management

Is Construction Management Stressful? 7 Causes Of Stress

Are you fascinated by how things work? Do you get great satisfaction in seeing a project finished after hours of hard work? Do you like working under pressure to reach deadlines? If so, you share these traits with many construction project managers across the world! However, construction management is a busy industry. It’s hard work that requires having a variety of skillsets. You will experience pressure, and will be expected to perform at a higher level. If you’d like to work in the industry, it’s important to have a good understanding of what the job entails. What makes construction management stressful? Here are 7 causes of stress to consider…

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Construction RFI: What Is It And What To Know
Construction Documents & Templates

RFI In Construction: Basics, Purpose & Tips [Free Excel Template]

If you’ve ever worked on a construction project, you’ve certainly experienced this: whether you’re attempting to understand a drawing, trying to coordinate parts of the work or see an issue in the design, you run into something you don’t fully understand – you need to ask a question! But how? It’s not always enough to just call up an Architect or Engineer and ask them – in fact, it’s not a good idea to do this. It’s probably not even allowed. These questions must be formalized in writing, as do the answers to these questions. The way this is done is by sending a Request For Information, otherwise known as an RFI. Let’s go through the details of what an RFI is, what should be included in an RFI and some best practices. Also, be sure and download our free construction RFI Excel template.

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Construction Submittal Log Best Practices
Construction Documents & Templates

The Construction Submittal Log: 5 Best Practices [FREE Excel Template]

Not only are thousands and thousands of documents involved in a large construction project, but they’re always changing hands. Project staff members review these documents, then make comments, ask questions and request additional information. This back-and-forth can include several revisions for even one single document before it’s approved to proceed. This is why every successful project must have a submittal log. This is a ledger that tracks every document on the project: who put it together, when they sent it, who reviewed/responded to it, when they responded, and so on. Ideally, everything down to the nut and bolt is recorded in this process.

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