When managing a construction project, keeping a close eye on costs is essential. That’s where Cost Value Reconciliation (CVR) comes into play. It helps you monitor and measure actual spending against your budgeted project costs, giving a clear picture of your finances...
When you’re working on a construction project, you might come across a Prime Cost (PC) sum. But what does that mean for you as a contractor? A PC sum is a value put aside in a building contract for items that haven’t been chosen or priced at the time the contract is...
Your contract is everything when it comes to working in construction. If an issue comes up, it might seem easier just to say, “It’s grand; we’ll figure something out,” and try to sort things out yourself. But, when it comes to construction contracts, especially under...
When it comes to tender bids, you might think price is the most important part. But some clients don’t just look at that final figure. Sure, it’s important, but it’s not the only thing taken into consideration. The contractors winning all the bids are the ones sharing...
Being a contractor is a constant juggling act. Between new tenders coming in, costings to be done, and final accounts to be produced, it’s easy to let something drop. We’re all guilty of taking on too much or not managing our time right every now and then. But...
