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Cost Tracking Checklist for Real Estate Owners

Finances on capital and construction projects are typically pretty complicated. It can takes weeks or even months from when project managers know a cost will be incurred to the time when the accounting team cuts the check. So, it’s critical that a real estate owner’s cost tracking process can track a variety of costs and that it’s diligently maintained.

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Insider Bid Management Tips for Real Estate Owners

It’s been firmly established that a well-run bidding process drives down costs on capital and construction projects while also reducing the risk of change orders and delays. As billions of dollars in project value have been run through our project management platform by some of the largest owners in North America, we’ve seen where best practices make a meaningful impact and where teams commonly falter.

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The Most Effective Bid Template for Construction Projects

While capital projects and construction projects can range from a simple painting job to an entire roof replacement, a real estate owner’s goal is always to increase the value of an asset or to make sure tenants are happy with their space. One of an owner’s best tools for making this happen is the ubiquitous bid form.

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Getting the Best Construction Bids from Your Contractors

When you open up your latest construction project for bids, plenty of vendors will likely respond but the quality of their bids will vary dramatically. From finding missing information to reworking line items for easier leveling to untangling crossed lines of communication, you will be responsible for doing what it takes to turn imperfect bid proposals into great construction estimates.

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Preparing Bid Documentation and Bid Forms for CRE Projects [CHECKLIST]

As with most multi-phase processes, commercial real estate capital and construction projects benefit enormously from diligent planning. As a matter of fact, considering the long timelines and large cost of CRE projects, real estate owners owe it to their stakeholders to dedicate meaningful time and resources toward careful preparation.

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How CRE Owners Optimize Project Bidding for More Profitable Outcomes

Like all entrepreneurial thinkers, commercial real estate owners want to refine and standardize as many business variables as possible, in order to control for better outcomes.

Project bidding—a process whose success depends on the accuracy of a trove of data points and the seamless collaboration of diverse industry practitioners—is one of the most sensible places to optimize.

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6 Absurd Things CRE Teams Say About Approvals and How to Address Them

The commercial real estate approvals process is one of the more frustrating components in a project cycle. It is predictable and unavoidable and expansive, encompassing budgets, vendor selection, invoices and change orders. But somehow it’s usually neglected—not in being completed, but in being optimized.

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5 Problems Good Cost Tracking Can Uncover in Your CRE Projects

Capital, construction and tenant improvement projects involve numerous evolving and shifting factors, making good cost tracking practices essential to accurately monitor project spend against the budget. But smart property owners and managers know that job financials can also be one of the best places to uncover early warning signs that a CRE project might be in jeopardy.

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Five Security Considerations for CIOs & CTOs Evaluating SaaS CRE Technology

Adoption of cloud-based SaaS platforms is becoming common for enterprise organizations, including commercial real estate owners and managers. The cost savings and convenience of the SaaS model are very compelling relative to more traditional on-premises software installations. However, there are some special considerations to take into account when evaluating this class of enterprise software.

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McKinsey Construction Report Has Compelling Advice for CRE Owners

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.

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