It was obvious that the damage happened as a result of her hitting the curb. I then tried to ask her what happened and she just looked at me with bewilderment.
This had the net effect of holding back the Contractor’s entire fee as a guarantee that they would complete the work.
Be sure that when you move into contracting, you have a firm understanding of how your contract is structured.
In this article, I share the top resources I use to ensure each of bid ends with at least three qualified bidders.
If you must go down this path, be aware of how these shortcuts impact you.
Continuing our exploration of trending technologies in construction, Today I want to address Building Information Modeling (BIM) Technology.
BIM Technology has been around for quite some time. As early as 1985 Architects and Engineers have had access to digital tools that allow virtual modeling. The earliest software for this was a lesser known tool called Pro/ENEGINEER (now known as Creo).
Now let’s be clear, virtual modeling is not the same as renderings.
Architects have been producing renderings of buildings even before the prominence of computers. Back then, we relied on artistic skill and formal methods for developing perspective drawings.
As we continue our look at construction technology, I wanted to cover what is currently the most disruptive technology in construction.
Conventional methods of construction are extremely labor intensive. They require many skilled tradesmen working many hours.
As we saw in our look into robotics, there are several companies working to replace workers with machines.
3D Printing however, takes queues from existing technology and scales it up to completely change the way we build.
3D printing technology has come a long way since the concept was first patented in 1986 by Charles Hull. Today 3D printing is becoming more and more mainstream and more companies (and industries) are embracing this technology. From the early “on-demand” concepts of 2006 to recent large scale developments, this technology has captured our imagination.
There are several innovators at the forefront of this technology. Today I want to share who the key players are and where this technology is receiving the greatest attention.
Despite alignment on quoting these costs separately, there still seems to be little to no consistency.
One of the strategies for maximizing the value of capital is to extend payment terms.
This process occurs before the contractor presents an invoice.
A lien is a legal document that imparts ownership onto a third party until a specific debt is paid.
In other words, they made payments to the contractor without knowing what these payments were for.