Technology resides in a perpetual state of evolution. The most up-to-date technology of the now will inevitably be surpassed, if not tomorrow, then soon. Below is a list of some current technologies that may seem pulled from the pages of science fiction but are in fact very real.
View MoreJob Order Contracting (JOC) was invented in 1981 to provide a more efficient procurement process for repair and alteration projects. Since then, JOC has grown in use and today more than $1.4 billion in construction is completed annually with JOC. How can you make sure that your JOC program is being run as effectively as possible? Here are the keys to a successful JOC program:
View MoreHere are a handful of key procurement performance metrics and indicators that procurement teams should account for as they navigate their construction projects and set priorities.
View MoreWhen a facility or infrastructure owner is ready to proceed with a construction project, the first step is choosing the appropriate delivery method. There are several different construction procurement methods that are commonly used. When choosing a delivery method, the owner should consider the important factors of cost, time, project complexity, and his or her desired level of involvement. Let’s take a look at a few of the most widely used procurement methods.
View MoreChange orders are an often unavoidable part of a construction project. Accounting for an average of approximately 8-14% of all capital construction dollars, they can contribute a sizeable amount to a project’s price tag when all is said and done. Reasons for change orders can include unexpected site conditions, changes or errors in project designs, or an owner’s decision to change specific products, equipment or finishes. When changes come up, facility managers and contractors can get uneasy as they are now dealing with work outside of the scope of the contract. Without firm guidelines for how to price change orders, negotiations can take a lot of time and effort.
View MoreDelivering critical asset management, capital planning, cost estimating and procurement capabilities in one connected platform.
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