Too many organizations treat procurement as a back-office function—only pulling in technical or operational experts at the last minute, or worse, not at all.
Category: Capital Expenditures
Commentary – Alberta’s Bill 30: A Game-Changer for Payment Practices in Construction
Bill 30 isn’t just about compliance—it’s about redefining how projects are financed and disputes are resolved.
Industry Watch – How New Zealand is modifying it’s laws to protect subcontractors
In an article published by Mirage.news we learn of an Amendment to New Zealand’s Construction Contracts Acts of 2002. The Act which was initially enacted to prohibit conditional payment terms in construction contracts, has now been amendment to require retention to be held in trusts. A Global Movement The move by the government of New…
Effective supplier relationship management
Owner’s who demand the highest standards of care and want to attract the best Suppliers are best served by more balanced contracts
Higher price & cost volatility; mitigating the cost effects of the current inflationary environment.
Material volatility coupled with ever increasing labor costs, have made navigating the current market extremely difficult.
Market Watch – How Procurement Can Become a Strategic Partner and Mitigate Supply Chain Disruptions
As we continue our recovery from the impacts of the pandemic, inflation rates across the globe are on the rise.
Industry Watch – Pay-When-Paid – A Common but Illegal Term that Exists In Most Construction Contracts.
General Contractor should not rely on the Owner’s contract to define the terms and obligations between the Contractor and his subcontractors. Rather, the GC should specifically state any and all of their sub-contractor terms (including payment obligations) independently of the Owner’s obligations to the GC. The Contractor should adhere to those terms independent of what may or may not be happening between the Contractor and the Owner.
Best Practices – Hourly Rates – Are Blended Hourly Rates Favorable for Owner’s?
Our models determined that both parties were at risk using blended rates.
Best Practices – Architectural Services – How to Negotiate Your Architect’s Rates?
Once you have a short list of candidates based on qualifications, (and ONLY then) you can consider price.
Best Practices – Standard Form Agreements – The World’s Equivalent to the AIA
There are a number of organizations around the world that also offer standard construction forms.
Best Practices – Supply Chain Integrity – How to Avoid Spending Your Time Fighting Fires.
Create a pool of suppliers that cover the broad spectrum of services.
Best Practices – Cost Levers – How to Reduce Cost in Construction?
When we consider how to save costs in construction, we are essentially trying to avoid paying extra costs.