How to value engineer and reduce construction costs on your development project (Pt 3)

PART 3 OF 4: THE FUNDAMENTALS OF VALUE ENGINEERING YOUR PROJECT’S FINISHES. In our previous blog, we outlined the fundamentals of good value engineering. In this blog, we’ll be discussing: What Value Engineering finishes means When you should VE your development’s finish spec How Value Engineering your finishes feeds into your sales and exit strategy… Continue reading How to value engineer and reduce construction costs on your development project (Pt 3)

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How to value engineer and reduce construction costs on your development project (Pt 4)

PART 4 OF 4: THE FUNDAMENTALS OF VALUE ENGINEERING YOUR PROJECT’S FIXTURES. In our previous blog, we outlined the fundamentals of good value engineering. In this blog we’ll be discussing: What Value Engineering a fixture specification means When you should VE your development’s fixture spec How to VE your development’s fixtures spec But first a… Continue reading How to value engineer and reduce construction costs on your development project (Pt 4)

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A Guide to Construction Contracts in the UK

Construction projects are notoriously complicated and challenging from a technical, logistical, and financial perspective. In addition, construction projects have a level of organisational complexity not seen in many other sectors owing to the sometimes hundreds of different design consultants and specialist subcontractors on any given project. For this reason, there are many various types of… Continue reading A Guide to Construction Contracts in the UK

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Benefits of Construction Management Software

1: Enhancing Supply Chain Management 2: Streamlining Tender Creation through Automation 3: Revolutionising Tender Analysis with Automated Tools 4: ERP to Enhance Construction Efficiency 5: Leveraging Cloud-Based Solutions for Flexibility 6: Optimising Bid Management for Enhanced Project Outcomes 7: Automated Commercial Management 8: Document Management 9: Collaboration Tools 10: Reporting and Analytics There are hundreds… Continue reading Benefits of Construction Management Software

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Tendering Process in Construction: Methods & Key Steps

What is the Tendering Process in Construction?   The National Building Specification (NBS) defines tendering as: “… the process by which bids are invited from interested contractors to carry out construction work. It should adopt and observe the key values of fairness, clarity, simplicity and reinforce the idea that the apportionment of risk to the… Continue reading Tendering Process in Construction: Methods & Key Steps

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Managing the Bid Process with Building Contractors

In the bid process, a building contractor is typically considered a business that coordinates and manages the works, contracting large portions of the project to subcontractors to complete the specialist packages. According to the Collins Dictionary, a building contractor is: “an individual or company that contracts for the construction of houses, etc.” Law Insider further… Continue reading Managing the Bid Process with Building Contractors

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What are Tenders for Construction?

What are Tenders for Construction? What is Tendering? Tendering as a Risk Management Process Different Types of Tendering Processes When to Use Different Types of Tendering Challenges in the Tendering Process What is a Tender in Construction? Tenders for Construction: Methodologies Stages of the Tendering Process Tips for Successful Tendering How do you know which… Continue reading What are Tenders for Construction?

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What is project management in the construction industry?

Introduction Construction project management is a critical aspect of handling construction projects, involving multiple stakeholders and numerous risks. To manage these effectively, different procurement routes are utilized. One prominent method is Construction Management. This involves the client directly hiring multiple subcontractors, known as “Trade Contractors,” and a specialist “Construction Manager” to coordinate these contracts and… Continue reading What is project management in the construction industry?

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The art of Subcontract Procurement

On an average project, the main contractor procures between 10 and 20 subcontractors, depending on how much they break things down. Getting subcontract procurement right will affect the success of the project. Subcontracting accounts for approximately 90% of the build cost, so the art of subcontract procurement is a skill worth mastering. Understanding Different Types… Continue reading The art of Subcontract Procurement