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Showing posts from December, 2020

What is the influence of BIM and Digital Takeoff on estimating?

  Technology is a boon and is now ruling almost every field making its impact felt in the positive sense. Use of technology goes a long way in making lengthy and complicated tasks easier.As the construction world has made use of digital tools, a drastic change can be seen in the way projects are handled. It has brought in a lot of difference in how estimation is carried out and how cost plans are made. The use estimating software, alone, has been able shorten the time allocated to each estimate with a positive impact on accuracy. In the past, 2D drawings were used by estimators but now there has been a move to 3D modeling. The shift to 3D modeling from 2D has been quite beneficial for engineers. It helps them find out the quantity of materials required really fast and with more accuracy for chalking out cost estimates. Let’s have a look at BIM first and then move towards digital takeoff. What is BIM? One step ahead of 3D modeling is BIM or Building Information Modeling. Wit...

Construction Contracts and Billing Methods that every Contractor should know about

  In the world of construction, contracts play a very important role. In fact, a construction contract legally binds the owner and the builder/contractor with regard to the amount of remuneration that will be given. The billing is then done based on the nature of the contract. While there are many kinds of construction contracts used and the corresponding billing types, some of them are used widely by professionals. Timer and Materials and Cost Plus contracts are used where there is great trust between the contractor and the client because each of these have the possibility for the contractor to overcharge.   Construction estimating software can that contains billing facility should be able to handle any of the following. 1) Fixed Price Contract Fixed price billing is done for lump sum or fixed price contracts. As per these types of contracts, there is a fixed price for all the construction work done. There are incentives when the project is completed before time and at ...