Construction Financing Sources

While most contractors are generally not directly involved with the financing of a construction project, understanding the process of financing and how it relates to a construction business is extremely important. The following outlines many of the most common sources for obtaining construction loans. Commercial Banks: Commercial Banks make single-family short-term and a limited number of long-term loans. They are generally the largest construction lenders on multifamily and commercial projects. They also make short-term loans to mortgage banks... [Read more of this review]

Cost Estimating – Construction

Some cost estimates for bidding on construction projects are made that do not contain errors of one kind or another. Too many errors on the plus side can be a major reason for a bid not being competitive. Too may errors on the minus side can cause the contractor to lose money if awarded the contract. Below are some of the common sources of errors in construction cost estimating: Errors in arithmetic: Estimates made on construction projects are arithmetical calculations of quantities and cost of materials and labor costs to install materials or perform... [Read more of this review]

Equipment Maintenance Management

While cost information for specific equipment operations generally varies depending on region, there are certain factors that affect cost regardless of location or ownership. Equipment management takes into account the combination of these factors. Good equipment management must incorporate a carefully planned and well-executed program where all personal both understand and acknoweledge their responsibilities. The first step is proper equipment selection. This means selecting the equipment that matches job conditions and gives the lowest total cost.... [Read more of this review]

Construction Project Bidding

The decision to bid or not bid a project is often times one of the greatest dilemmas a contractor faces following an inquiry to bid. Often times, the immediate temptation is to bid on most projects that become available in order to keep work coming in and avoid idle production. Yet the decision to bid on a construction project which is not suitable for a particular company can have costly ramifications not only financially, but could just as well damage the future credibility of the company. Often times, passing up on the opportunity to bid on a... [Read more of this review]

Cost Control System – Construction

Changes in labor wages or productivity, labor shortages, increased cost of materials, delays in deliveries, accidents, weather conditions, etc., will affect both the cost and the original schedule. In all likelihood, both the cost and time will be greater than planned, scheduled, and estimated. Bar charts or Critical Path Method planning systems are ideal for project control by timely updating. Maintaining a cost control system enables the contractor to analyze the productivity of workers, the performance and efficiency of equipment, and the proper... [Read more of this review]

Manufacturers & Trader Should be Focused on……

KIMEX provides industrial machinery equipments & factory automation eauipments including Machine tools, Metalworking machinery, Molds?Tools Processing machinery, Casting?Forging?Welding?Heat treatment? Painting machinery, Transportation?Logistics?Packaging machinery, General machinery , Factory automation equipment, Energy?Environment related equipment, etc. And KIMEX 2008 provides technology conference. KIMEX 2008 technology conference would be a great opportunity for exhibitors either to present on their products or to discuss every aspect... [Read more of this review]

Choosing a Machinery & Equipment

Locate a professionally accredited appraiser before disclosing any confidential or sensitive information. Ask other types of appraisers for references if necessary. Verify that the professional designation is the result of testing and other significant criteria, and requires continuing education. The designation is evidence that the appraiser is a professional and serious about his profession. Some non-professional appraisers provide this service only as a sideline or part time, and are limited in scope regarding valuation theory and methodology.... [Read more of this review]

Purchasing heavy equipment…..

Purchasing heavy equipment is a necessary part of the construction business, but the steep asking prices on just one crane, dump truck, excavator, skid steer, loader, tractor, or any number of heavy equipment pieces that your business will use in its daily operation could easily finance an entire home construction project. Any time one of your employees points out that you need new machinery, you cringe, right? Then it’s time to take out the accounting books and see how you can afford new construction equipment. Need a crane? Be prepared to spend... [Read more of this review]