The global construction industry is one of the most lucrative and competitive. To successfully bid on projects, construction firms must run an efficient operation, one that is proactive about safety and sustainability, and flexible enough to respond to evolving industry demands. ...
Learn the ins and outs of bid security — and how owners and contractors can each leverage bid security to advance their overall objectives.
A good bidding strategy will increase your probability of landing the best projects and clients successfully. If your construction bids are hit or miss, you will not get as much work as you want. To come up with winning bids, you need to understand theconstruction processand refine your appro...
A Public-Private Partnership (PPP or P3) is a contractual agreement that sees government agencies and private companies working together to build major infrastructure projects. Public-private partnerships allow governments to tap into private funding to complete large-scale projects, likeroads, arenas,ho...
Construction projects involve many specific workflows – from planning to completion. All of them take time, cost money, and require concrete resources. An effective construction workflow ensures that one completed task leads to another until the project is successfully delivered. Poorly planned operati...
Managing construction projects requires excellent planning, organization and execution skills. To successfully manage a construction project, contractors need to work closely with developers to define the project's scope. It takes a team of both professionals and suppliers to accurately plan and deliver ...
For projects that are privately funded, construction bonds create a smooth transition from financing pre-build to permanent financing. For public projects, construction bonds support contractors' prequalification, payment protection for subcontractors and contract completion protection. Gallagher is here to ...
2) design - construction contracting is also suitable for small projects. Small companies can provide design - construction general contracting services to owners. Small projects are easier to succeed. A company without a general contract experience can start with a small project and provide design ...
Thus, designers and owners tend to be very conservative when specifying products to be used on their projects. Moreover, even if a company doe 55、s successfully invest in a new technology, it has no way to protect its investment. Most construction technologies are not patentable, meaning ...
Engineering, Procurement and Construction, also known as EPC, refers to a specific type of contracting arrangement or project delivery method that is often used for large-scale infrastructure work, industrial facilities, power plants, and other complex construction projects. ...