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7 Significant Factors Causing Project Cost Overruns in the Construction Industry

One of the biggest challenges faced by project organizations is cost overrun, as statistics show that the larger the project, the higher the probability for overrun. There are often a number of reasons factoring in to this, although the majority of project budgets that experience overrun are due to poor planning, combined with a lack of visibility in cost …

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Construction Pay Application – Template & Easy Billing Guide for Project Managers

  Construction payment applications are simple, everyday project management tools. In essence, construction payment applications are documents that state the contracted schedule of values, frequency of submitting monthly work progress, and previous approved payments, and are ultimately  requests to the contacting party to accept the work and provide payment. There are a number of formats …

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