4castplus Blog

4castplus Blog

15 15, 2018

Contractor Profits at the Mercy of Higher Construction Costs

Construction costs in the US have been escalating for months now, and it’s so far the contractors who are carrying the weight of absorbing these price increases. This, according to a recent study by the Associated General Contractors, who went on to point out that recent tariffs on non-US foreign materials have further intensified the issue.


The Pain of Higher Construction Costs 

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31 31, 2018

Should I Re-Baseline or Create a Change Order?

 

We often get asked about the distinction between re-baselining a project and creating a change order. I can see why there’s a bit of confusion there because in many respects they accomplish a similar outcome. However, they are fundamentally different processes that serve unique purposes.


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18 18, 2018

7 Things You Need to Know About 4castplus Resource Forecasting

One of the most important functions of project controls and cost engineering, is the ability to accurately forecast remaining costs-to-complete on a construction project. With the new Resource Forecasting tools in 4castplus, project controls professionals can now achieve ultimate accuracy and take full control of how projects are forecasted.

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17 17, 2017

What's the Difference: Project Spend and Project Cash Flow Forecast?

Cash moves at a different pace than activities. Maybe that seems obvious, or maybe you’re not sure what I’m talking about; but it’s an important distinction to understand in construction project management.

Project Management = More Than You Think

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31 31, 2016

Using CPI Forecast to Predict the Performance of Your Project

4castplus Construction Cost Tracking Software - Using CPI Forecast to Predict the Performance of your Project

Before I get started on the details, I’ll give you a quick definition: A CPI Forecast allows project controls professionals to predict the performance of their project using a subjective CPI value rather than the calculated CPI that’s determined based on past performance.

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01 1, 2016

What’s the Difference: Estimate-to-Complete and Forecast-to-Complete

Predicting the future is what we’re all about. But when do you use ETC versus FTC – and what’s the difference?

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11 11, 2012

Anticipation and the Project Bottom Line

Projecting the Final Results

The big question everyone – including all project managers and stakeholders – wants to know is, “How long and how much.” That’s a reasonable and typical question; and it’s a question that resonates for the project as a whole, as well as every piece and subsection within a project.

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