How to Optimize Your Construction Supply Chain for Better Results
In the construction industry, optimizing the supply chain is crucial to project success. According to a study by McKinsey & [...]
Retainage in Construction: Complete Guide to Billing and Best Practices
Retainage is a portion of a contractor’s payment withheld until project completion that serves as a safeguard for quality and [...]
What Is a Construction Punch List? The Complete Guide
When you’re nearing the end of a construction project, every detail counts. That’s where a construction punch list comes in. [...]
Construction Contingency 101: Everything You Need to Know
Every construction project comes with its share of uncertainties. From unexpected site conditions to last-minute design changes, the risks can [...]
Complete Guide to Guaranteed Maximum Price (GMP) Contracts in Construction
Guaranteed Maximum Price (GMP) contracts are commonly used in many industries, but they have particular considerations when applied to construction [...]
Lump Sum Contracts in Construction: Everything You Need to Know
A lump sum contract is a fixed-price agreement where the contractor completes a project for a set price, regardless of [...]
General Contractor Markup: Formula, % & Subcontractor Guide
As a contractor, it’s an absolute must to understand your general contractor markup percentage so as to maintain profitability and [...]
Types of Construction Contracts: 10 Agreements for Risk & Cost
For most people, a contract represents nothing more than a piece of signed paper that shows an agreement on a [...]
RFI in Construction: The Complete 2025 Guide for Contractors and Managers
In construction, a Request for Information (RFI) is a critical process that ensures clarity on project details, helping to avoid [...]