Think about it: Before bids are awarded, typically only a small fraction (10% or less) of the total budget for a construction or capital project has been spent. The remaining 80-90% of the job’s budget … about Bidding for Real Estate Owners & Managers
For all its positives, properly tendering a project requires a major investment of time on the part of commercial real estate owners and their teams. Even simple tender processes require hours of preparation on the part of … about How Long Does the Tendering Process Take for Most Projects?
By some estimates, more than 1.2 billion users, including most of the real estate industry, rely upon Microsoft Excel. While Excel is a powerful commercial tool for statistical, engineering, and financial data tracking and analysis, … about Six Pitfalls of Excel in Commercial Real Estate Cost Tracking
The past few years have seen significant improvements in construction project information mobility. Unfortunately, many firms are still reluctant to embrace these technological advancements. With smartphone and tablet usage continually increasing and becoming more ubiquitous … about Mobility is Not a Luxury––It’s a Necessity
Commercial real estate owners create value and maximize investor returns. A significant consideration as owners seek to achieve their goals, what is a fiduciary? What do fiduciary relationships look like? Finally, how does fiduciary responsibility change … about The F-Word
How do you know when your organization is ready for a purpose-built project management platform? Look for these eight signs.
If you’re manually leveling bids, it’s no surprise that your team is disincentivized to invite multiple bidders. With an automated bid leveling tool, you will align your cost-savings goals with the limited amount of time that … about 5 Reasons You Need Competitive Bidding on Your Projects
Including specialty, sports and entertainment facilities, theaters and more, over 100 billion square feet of space in the United States is devoted to commercial purposes. While every building is different in shape, size, location, use, … about The $1 Trillion Value Creation Opportunity Staring Commercial Real Estate in the Face
Companies must improve the way they manage capital to boost competitiveness and support emerging growth. In the long-term, companies building strategic-thinking contemporary real estate teams aligned workplace goals with C-level vision will take corporate real … about FOMO: Missing Out on ROI by Underspending Capital Budgets
McKinsey & Company released an insightful report on why the construction industry lags so far behind other major industries in productivity, and what can be done to fix the problem. There are a number of … about McKinsey Construction Report Has Compelling Advice for Owners