A Guaranteed Maximum Price (GMP) contract is a popular form of agreement used in construction projects to establish a cap on the total project cost. Under a GMP contract, the contractor assumes the responsibility for completing the project within the agreed-upon...
In the construction industry, one role that offers considerable responsibility and a chance to significantly impact project outcomes is the construction foreman. But how does you climb the ladder from construction worker or operator to foreman? Here’s a...
The construction industry often presents unique logistical challenges, one of which is mobilization — the process of moving resources such as equipment, materials, and personnel to and around a jobsite. Being a critical first step in the construction project...
In the construction industry, the efficient management of your crew is crucial for delivering projects on time, within budget, while maintaining high standards of quality. Equally important is creating a supportive and empowering work environment that fosters...
As an essential component of the construction industry, general contractors carry significant responsibility. Tasked with overseeing the day-to-day operations on a construction site, managing vendors and trades, and communicating updates to involved parties, a general...
The 2023 National Subcontractor Market Report, a report created by Billd, a company that specializes in helping contractors acquire and finance materials for projects, has just been released. The report is based on survey of nearly 900 subcontractors around the...