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Construction Project Management

What is Concurrent Delay in Construction?

What is Concurrent Delay in Construction?

On average, 72% of construction projects experience delays, with the original contracted duration increasing by 38%. Among these delays, concurrent delays present a particularly complex challenge. They disrupt the scheduled flow of construction projects, lowering the expected profits, and often leading to complicated processes involving construction litigation. Knowing this is vital for those handling disputes …

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Construction Cost Management

Construction Cost Management: 20 Tips For Maximum Profitability

In the construction industry, inefficiencies can be drainful, and many projects suffer cost overruns or get delayed, with only 8.5% of projects completed on time and on budget (source). Cost tracking acts as a vital tool for companies’ profitability. Furthermore, the accuracy and diligence in construction cost management are essential. Accurate cost tracking is the …

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Construction Progress Tracking

Construction Progress Tracking: Why, What & How?

Efficiency may not be the first thought that springs to mind in the realm of construction. However, the success of your projects ultimately rests on the meticulous execution of construction progress tracking. Consider this: 59% of contractors still rely on manual processes to collect and track safety data when they simply can embrace effective methodologies …

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Fast-Tracking in Construction

What Is Fast-Tracking in Construction? All What You Need to Know

 There are a million reasons for every construction project to be delayed, resulting in large penalties and a bad reputation. Construction Statistics reveal that for every month of project delay, there is an average cost overrun of 7.7%. This indeed ruins the profitability of a project. Therefore, good planners must have in their toolbox some …

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