Owner’s who demand the highest standards of care and want to attract the best Suppliers are best served by more balanced contracts
Tag: General Contractors
Industry Watch – Payment Terms – Why Extended Payment Terms Could be Bad for Your Company and How They Hurt the Construction Industry.
Extending payment terms is not without consequence and we must be informed on these risks in order to make a sound decision.
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.
Best Practices – Owner-Builder – Should an Owner try to Save Money By Acting as his Own General Contractor
Failing to perform any of these duties…could elevate your risks, delay your project, and increase your costs.
Best Practices – Self-Performing Contractors – Do Self-Performing Contractors Improve Your Bottom Line?
Self-performance does create additional revenue streams for the general contractor and you do need to address this.
Best Practices – Contractor Overhead and Profit – Why Lowest Bids Does Not Mean Best Value.
Low-ball contractor’s win bids with the intention of making up losses through change orders.
Best Practices – Why Your Design Build Contracts Are All Wrong!
There are only certain types of suppliers who have the training and legal obligation to look after the Owner’s best interests.
How to solicit a Cost Plus Fee quote.
Allowing a vendor to add mark-up on top of the costs of his own resources leads to a double dip by the vendor.
What are the phases of work of a typical project?
No matter how big or small, all construction projects follow the same basic phases of work. Spending an appropriate amount of time (relative to project complexity) at each phase can mean the difference between the success or failure of your project. If you try to skip a phase or fail to perform the proper due…
Working without a contract? The reasons why Owner’s should never allow it.
In Today’s HGTV world where entire room renovations happen “While you were out” and “Restaurant Impossible” re-brands failing eateries in a weekend, the notion that construction can happen quickly is all too prevalent. These shows don’t reveal the pre-work that goes into performing these miraculous transformations and they don’t account for the incredible amount of man-power that goes…
Construction Consensus Procurement Improvement Act
In June of 2015 the 114th Congress of the United States introduced a bill called Construction Consensus Procurement Improvement Act of 2015. The intention of this bill was to allow for the use of Design-Build contracts in gov’t construction. Recently the Committee on Homeland Security and Governmental Affairs issued a report on the bill making certain…
A new direction for Procurpro!
The interview I went out to North Carolina for went well. The Company made an offer and I have accepted. I am thrilled to be working with some great people in a great Company. I begin work next Tuesday. The downside is I won’t be able to continued marketing Procurpro while I work for my new Company….