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Michael Wilson

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08 8, 2021

The Ideal Software for IPD Projects

By Michael Wilson | October 8, 2021 | Categories: project cost controls software | 0 Comments

The Integrated Product Delivery (IPD) model is fast becoming a popular and powerful agreement for contracts that involve multiple organizations responsible for the successful delivery of major projects. The goal of IPD is to remove much of the friction and adversarial nature of joint ventures and P3 style agreements by aligning the financial goals of all parties involved. Commonly, major projects are jointly managed and delivered by a combination of the owner plus a general contractor, architect, engineering company and other contractors.

While a healthy bit of competition can result in positively motivating entities to work more productively, traditional agreements can foster a caustic, ineffective environment where organizations that should be working together, end up working against each other, competing for the same resources and, inadvertently, sabotaging the health of the project. IPD encourages a more collaborative approach, bringing down barriers and silos to achieve a more beneficial result. The intent is to tie individual success to project success, thereby achieving a more holistic approach from each entity, rather than a segregated approach. The American Institute of Architects (AIA) defines IPD as “a project delivery approach that integrates people, systems, business structures and practices into a process that collaboratively harnesses the talents and insights of all participants to optimize project results, increase value to the owner, reduce waste, and maximize efficiency through all phases of design, fabrication, and construction.” I’ve provided more resources on IPD at the bottom of this article for your reference.

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21 21, 2021

Emerging Disruptions will Trigger Construction Industry Overhaul

By Michael Wilson | September 21, 2021 | | 0 Comments

According to the rather direct message in the recent McKinsey report on “The Next Normal in Construction”, the construction industry has historically underperformed, and struggles with poor customer satisfaction due to budget overruns, lengthy claims, along with a substantial list of other issues.

The report cites that construction, “as the largest industry in the global economy, accounting for 13 percent of the world’s GDP,” is due for a disruptive overhaul driven by a changing landscape, technology innovation and a much savvier customer.


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04 4, 2021

Project Profitability: 8 Ways to Eliminate Threats (Part 2)

Part 2 of 2

This is the second installment of a 2-part article on eliminating threats to project profitability. The first installment tackled more of the planning and pre-construction phases of a project lifecycle and how to assemble the structure, people and processes on the project that will set the stage for reducing financial risk. 

To recap what was discussed in part 1, here is a quick summary of those first 4 methods:

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25 25, 2021

The 2021 American Jobs Plan Brings a Critical Boost to Construction and Infrastructure

Last Thursday, the Biden administration reached bipartisan consensus on the proposed American Jobs Plan to allocate $1.2 trillion in new infrastructure spending in the US. A significant portion of that will be put towards revitalizing roads, bridges, water systems, public works, energy and other vital infrastructure projects.  This plan will create new opportunities and benefits to construction contractors for years to come, and here at 4castplus, we’re staying on top of the ongoing progress of this bill, along with the ways we can help in providing leading technology to support the industry.


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31 31, 2021

Project Profitability: 8 Ways to Eliminate Threats

Part 1 of 2

If projects are the primary revenue stream for a business, then careful financial management of each project is critical for the success of that business.  Managing a project’s finances means much more than just focusing on its revenue, it clearly also means vigilant control of costs, along with ensuring contract terms laid-out by the client are successfully delivered on time. 

Additionally, clients and other stakeholders can be very demanding in their requests to be regularly updated on the budget status of a project. Management, for example, will want to keep a close eye on ensuring the budgeted project margin is realized once the project is complete as it is the foundation of their business model.  Project managers will therefore need to be able to produce detailed reports on project finances on-demand that include analysis on actual margin and profit.  A project manager will therefore need to apply key techniques for ensuring target profitability is achieved. In this article, we explore several methods for protecting and maximizing profit from project estimate all the way to close out.

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05 5, 2021

Cyber-security in Construction: Prevention, Detection and Management

Data security is a topic that is at the forefront of discussion for most businesses today. The construction industry in particular is embarking on a period of rapid digitization, with technology increasingly being embraced for project management and day-to-day operations. As they adopt more technological solutions to increase efficiency and productivity, construction companies run the risk of becoming more attractive targets for cyber attacks.  In fact, for some businesses in various industry verticals, ransomware attacks - as one of several cyber security breaches - have led to the loss of confidential data, systems shutdown, and significant interruptions to accessing key information causing debilitating harm to their business. That's why at 4castplus we take the management and security of our clients' data extremely seriously.  In this article, we explain some of the safeguards we have in place to ensure the privacy, reliability and security of your information is upheld to the highest standards, but first it's important to understand why cybersecurity is important for cloud-based software that provides solutions for the construction industry.

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17 17, 2021

Information silos: Are they destroying your project's success?

We live in a data-driven world - and as construction projects become more complex, sharing vital project information across project teams and with key stakeholders becomes an essential building block for success. Yet, many organizations that engage in construction projects continue to work in disconnected, disparate systems, causing information silos between teams that should otherwise be working collaboratively together to maximize project success. When they don’t, this leads to disjointed processes, data inaccuracies and errors. This misalignment across project teams ultimately drives up costs, delays schedules and can negatively impact information accuracy and quality, which ultimately impacts the health of a company's bottom line. By both bringing people together into the same system – or by tightly integrating enterprise systems together – organizations can create a truly collaborative environment that elevates project transparency and minimizes errors and gaps to give project stakeholders the insights they may not have otherwise had. To better understand if information silos are creating a barrier to a holistic view of your company data, read on.

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02 2, 2021

7 Key Tips for Evaluating Enterprise Construction Software

Most everyone in the construction business will go through a software evaluation at least once or twice in their career, where they’re part of a multi-discipline team appointed to pick the best software solution option on the market for their business. When it’s a smaller system with a limited enterprise footprint that’s being evaluated, this can be a relatively straightforward process. If, however, the requirements for the desired construction software system are such that they are lengthy and complex – and the system impact can span multiple departments – this process can be a significant undertaking.

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23 23, 2020
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06 6, 2020

Fierce Competition in the New Normal

As businesses, families and individuals continue to adjust to their new working arrangements both at work and at home, the whole world is trying to navigate a path forward to getting things opened up, restrictions relaxed, and projects ramped-up again.  Thankfully these are all positive signs for those contractors and owners looking to get back to work, as construction projects in most geographies have been deemed as “essential”; and are either still in operation, or are part of the first phase of reopening.  Nevertheless, there still remains a great deal of uncertainty as to how this will play out or how successful it will be, so we are all feeling a sense of anxious hopefulness that we can all get our lives back relatively soon.  Although many may wish for a rapid return to normal, accompanied with a boom of new activity, this is highly unlikely as the overarching sense of cautiousness will prevail for the foreseeable future.


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