Tag: project controls

What Is a Capital Project? 

Capital projects are transformative investments designed to build or improve high-value assets like factories, pipelines, or infrastructure. Learn how effective management strategies and tools like 4castplus can mitigate risks, optimize costs, and deliver long-term returns on these massive undertakings.

Project Data Integrity: Systems Working 24/7

Project managers rely on accurate and complete data that’s delivered in real-time so that they can make quick, informed decisions. A project controls system provides the data integrity rules and algorithms to ensure their data provides them the solution they need.

Data Silos: Are They Destroying Your Project?

Organizations often struggle with information silos that can cause errors, gaps and friction between business units and teams that should otherwise be collaborating together in a healthy and constructive way. Read on to learn more.

Top 9 signs you need Construction Cost Tracking Software

Getting real-time, accurate costs and hours from the crews at the jobsite is a critical element to good project financial management of construction projects. Any contractor that self-performs will very likely need cost tracking software to ensure reliable project outcomes. Read on to learn more.

The Role of Expediting in Construction Procurement

Expediting plays a crucial role in construction project procurement as industrial projects often have long-lead items that need careful oversight to ensure they are delivered on-time. Expeditors are key for cost controls, supply chain management and successful project delivery. Read on to learn more.

What’s the Difference Between a Change Order and a Contract Revision?

Projects are constantly subject to changes. But change can happen in various different places and for different purposes. A Change Order, for example, represents the modification to the project budget and schedule. A contract revision, on the other hand, means something somewhat different. Read on to learn more.

Tips and Tricks on Unit Price Contracts

Read In 7 Minutes Unit Price contracts are a common way for owners to define the structure of how a project is quoted and delivered by contractors. Unlike Fixed Price (lump sum), unit price contracts are an agreed-upon price per unit installed, completed or delivered. Some refer to this contract type as a BOQ (bill […]

10 Project Risks Facing Contractors & Business Owners

In recent years, the construction industry has witnessed a significant shift in work dynamics, with the rise of remote work becoming a new norm.

How Digital Transformation is Empowering Post-Pandemic Construction

In recent years, the construction industry has witnessed a significant shift in work dynamics, with the rise of remote work becoming a new norm.

Predictive Project Insights Through Key Performance Metrics

Construction projects face an increasingly high degree of risk. Managing and reducing the effects of that risk is critical for project controls professionals, and requires careful oversight of metrics and analytics.