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Speed, simply put.
Final post in a 4-week conversation about the importance late payments have in the construction industry, globally; we now bring the solution to table: PMIS or Project Management Information System
Speed builds trust - Owners and contractors steps to a successful relationship
A well-crafted McKinsey & Company article furthers the point that owners and Contractors must have a relationship built on trust.
Speed still matters. Improving capital efficiency literally pays off.
A recent study from PwC also supports that poor cash flow management impacts companies from all industries, globally.
Speed Matters - Reduce Payment Time From Months to Days
A brief by Construction Dive highlights that average payment times of 51 days to contractors cost in excess of $64 billion per year. e-Builder clients have a different story to tell.
New Construction Report Reveals the “Data Ownership Battle” Between Project Owners and Contractors
Are you winning the project management race?
Test your capital project management knowledge! Are you lapping the field.
6 Ideas to Improve Your Next Technology Project’s Adoption
You can set up a system that looks great and is easy to use, and performs your business functions exactly to your specifications, but, if no one uses it, you won’t realize 1 cent of your investment.
#4: Program Transparency - 6 ROI Indicators of Owner-Centric PMIS
PMIS allows government agencies to automatically track and put controls in place to stay within and prove compliance.
10 Hotspots in Government Contracting
Onvia, a company that delivers data, business intelligence, analytics and tools to government organizations, about the Top 10 Hotspots in Government Contracting for 2016.
Why School Boards Should Invest in Construction Management Software
In the United States alone, there are more than 13,000 school districts that spend 50 Billion dollars on school construction each year.
7 Habits of Highly Effective Projects – Habit #6: Collaborate to Accelerate
Owners must collaborate and engage all stakeholders inside and outside the organization—a particularly important habit as a project moves from the virtual environment to the jobsite.
7 Habits of Highly Effective Projects – Habit 3 “Automate to Operate”
The habit that best-in-class owners of capital projects have figured out is to automate as much of the things that steal their time as possible so they can reapply their time.
7 Habits of Highly Effective Projects – Habit 4 “Win-Win & Pay Fast”
Best-in-class owners have driven time and overhead out of their process for getting contractors paid and are delivering funds in mere days.
7 Habits of Highly Effective Projects – Habit #5: Empathize, Adapt & Overcome
Borrow from the lessons learned by military strategists for hundreds of years: empathize, adapt and overcome.
Blueprint for Successful Forecasting
Cost forecasting can act as an early warning sign for when your projects are veering off course. Follow these simple steps to get a clear picture, at any point of a project, what the cost to complete
#2 Process Cycle Time Reduction --6 ROI Indicators of Owner-Centric (PMIS)
There are significant cost benefits to speeding up reviews, approvals, information transmittals, payments, etc.
6 Tips for Capital Planning Success: An Infographic
This infographic contains several best practices that will put your organization on the path to avoiding the most common pitfalls of an inadequate process.
You say risk. I say risqué.
Risk management in the construction industry is an odd thing. In most aspects of life, we try to do everything to minimize risk or avoid it all together.
Stop. Collaborate and listen….
These are two very different driving factors for mitigating these risks but how to mitigate the risk itself is universal.
Choosing Mobile Applications for Construction Management