Archive for the ‘Industry Best Practices’ Category

Instant Visibility Into Project Progress and Performance With HD

by PCM Guru on December 4th, 2009

Scottsdale, AZ – December 4, 2009 – Hard Dollar Corporation, the leader in Project Cost Management today announced the release of Advanced Progress Tracking, adding instant visibility into progress and performance on planned activities, with side-by-side comparisons of the most critical factors that affect project success. Advanced Progress Tracking measures progress while increasing visibility to owners and contractors, increasing profits by 9% on average on every project, with real-time cost and productivity status and direct integration into finance.

Existing HD users can leverage the system to view side-by-side estimate vs. progress comparisons with direct integration to accounting, without adding additional systems or infrastructure. “Users can proactively correct potential productivity issues with transparent visibility into production trends, truly managing the project,” states Ron Babich, Hard Dollar VP of Sales and Marketing. “Accounting integration enables man hours, equipment hours, and quantities to be imported into accounting software for payroll, without duplicating entry. Owners and Construction Managers can now receive accurate information faster, satisfying regulatory and contractual requirements,” said Babich.

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Creating a Winning DOT Scorecard

by PCM Guru on April 14th, 2009

Companies can improve their chances of getting in the game by creating a strategic Scorecard for Geographic areas by following several steps including: monitoring “Shovel Ready” projects by state with resources like government sites stimuluswatch.org that lists projects by area, paying close attention to State eligibility daily status changes including what the Federal Government deems county areas as qualified depressed areas. The smart contractors are creating lists, state-by-state score cards, building strategy and keeping tabs on public sector fund expectations in order to be first in line when jobs are available. State Deficit issues are also serious considerations, scoring each state by budget, and tracking the potential expectations after mandatory funds to run the state are calculated. An additional source of information on these projects are the state DOT websites, which generally list project letting schedules and contractor requirements under a “Doing Business with the DOT” section. If you’re a subcontractor, keep in mind that most DOTs also post bid results on their websites, which is a great source to find prime contractors who may be looking for sub quotes on future bids.

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