In this article, I share the top resources I use to ensure each of bid ends with at least three qualified bidders.
Category: Sourcing and Procurement
Best Practices – Informal Quotations – How Informal Quotes Hurt You and What You Should be Aware of When You Request One.
If you must go down this path, be aware of how these shortcuts impact you.
Industry Watch – Construction Technology – BIM Technology – How the Benefits of BIM Might NOT Be Right For Your Project.
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.
Industry Watch – Construction Technology – 3D Printing – How 3D Printing is Poised to be the Most Disruptive Technology in Construction and You Won’t Believe Who’s Behind it.
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.
Best Practices – Overhead Costs – What Constitutes Overhead Costs and Why Your Projects Should Not Be Paying Them.
Despite alignment on quoting these costs separately, there still seems to be little to no consistency.
Industry Watch – The Builder’s Lien Act – How Manitoba is Taking on the topic of Prompt Payment by Modernizing the Builder’s Lien Act.
One of the strategies for maximizing the value of capital is to extend payment terms.
Best Practices – Application for Payment -Why You Should Never Pay A Contractor Without Doing This.
This process occurs before the contractor presents an invoice.
Best Practices – Lien Waivers – How You Could Lose Your Home Without One.
A lien is a legal document that imparts ownership onto a third party until a specific debt is paid.
Best Practices – Payment Management – How You Can Manage Construction Payments to Minimize Exposure and Risk.
In other words, they made payments to the contractor without knowing what these payments were for.
Case Study – Silver Springs Transit Center – How One Procurement Decision Could Have Saved Montgomery County $100M.
The project provided the revitalization it was meant to, but the path it took was fraught with frustration.
ProcureCon Facilities – Facilities’ Secret Weapon: How To Manage Your Construction Supply Chain And Benefit From Self-Performing Contractors
You can download a PDF version of my ProcureCon presentation here.
ProcureCon Facilities 2019 – Another Great Conference from WBR.
Hundreds of the top Procurement Professionals in Facilities gathered to share industry best practices.