Category Archives: Project Management
Construction estimating and purchasing executives are aware of the various issues involved with negotiating large equipment purchases. On fixed price contracts, the ability to negotiate purchases on major equipment contracts affects profitability, schedule, project risk and overall project success. The … Continue reading
Good project leaders make the complex look simple. Poor project leaders add needless complexity.
The issue of standpipe provision and maintenance on construction projects is a serious one, and one which has generated much interest during recent years by the NYC Department of Buildings, NYC FDNY and the construction industry. Continue reading
http://newyork.construction.com/opinions/2011/0725-AsStaffsShrinktheRoleOftheOwnersRepGrows.asp With the Poor economy forcing owners to make tough decisions about layoffs and budget cuts, one position they should not consider eliminating is the owner’s representative. That is because this job has become a vital tool in helping the … Continue reading
Communication is the cornerstone of good project management. Good things happen when project managers communicate!
BIM: WHO PICKS UP THE TAB? Michael Avramides, A. I . A. 1. 2011 Three colleagues walk into a bar: an Owner, a Contractor and an Architect. The Owner orders something quick and practical as time is of the essence. … Continue reading
There seems to be a critical change occurring in the construction industry supply chain. Owners, developers, contractors and government agencies are demanding a tighter integration of procurement, coordination, delivery and cost management activities. The industry is completely reinventing itself with … Continue reading
I am pleased to introduce a new member to our Center of Excellence, Real Estate Financial Modeling (REFM) – http://www.realestatefinancialmodeling.com/ REFM is the premier provider of Excel financial spreadsheet models, financial modeling education and financial modeling consulting for real estate transactions … Continue reading
Alignment of interests is a key trait of successful projects. Alignment is required at several levels. The objectives and actions of project teams must be aligned with those of the organization. Similarly, project teams must be aligned with clients. Proper … Continue reading
I have a nagging question which I cannot answer. Why do some Owners (including Government institutions) insist on including LDs (liquidated damages) in contracts? Based on my experience and on informal surveys I have taken, LDs, in general, DO NOT … Continue reading