One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are particularly important for a small business because ...

There are dozens of estimating software programs available for the construction industry. This makes sense because increasing volume of estimating is a key step in growing a construction business. And ...

Accurate estimates are essential to a construction firm’s success. Overprice a bid and you’ll likely lose the project. Underprice it and you risk losing money and damaging relationships with partners ...

Building out its project management platform further into preconstruction, Procore announced on Oct. 27 that it has acquired estimating software maker Esticom. based in Austin, Texas, Esticom ...

Project managers are asked to provide effort, duration, and cost estimates as a primary part of our jobs. You know then, that the estimation process is partly an art and partly a science. However, ...

Most everyone understands that the construction industry is not only a big investment, but a long-term one for those who venture down its path. Contractors have a responsibility to do everything ...

A few years back, a colleague shared an interesting exercise with me. He took a deck of cards, split it in half, turned one half face up, then mixed all the cards up on a table and asked me how many ...

As the oil and gas industry explores new regions, the role of cost estimating to support the projects becomes more challenging. Cost estimating for the most part is a specialized field whose end ...

Like any industry, blame and accolades are an inevitable part of the electrical contracting business. I once heard someone say, “If you could buy people for what they are worth and sell them for what ...

Every electrical contractor knows (or should know) that the greatest risk in construction is labor. Many factors and conditions can cause a project’s labor productivity to be less than optimum. In ...