Nearly Half of U.S. Contractors Believe Training the Next Generation of Workers is the Industry’s Most Critical Need, According to Newly Released DEWALT® Powering the Future Survey

More than half of U.S. contractors (55%) say finding enough skilled workers is one of the biggest barriers to growing their business Inflation (57%), insufficient labor (51%), and long hours (37%) are the three most significant challenges currently facing U.S. contractors After training the next generation of workers (48%), more than a third believe contingency […] The post Nearly Half of U.S. Contractors Believe Training the Next Generation of Workers is the Industry’s Most Critical Need, According to Newly Released DEWALT® Powering the Future Survey appeared first on Civil + Structural Engineer magazine.

HS2 asked to find savings as Euston job digs into contingency

DfT admits of the £105m design for north London station cannot be used

Extra design work digs £200m deeper into HS2 contingency

HS2 chiefs have spent £1.5bn of £5.6bn phase 1 contingency budget

HS2: ‘Phase one could break budget by billions’

HS2’s London to Birmingham leg is expected to overrun its budget by “billions”, it has been reported.  The first phase of the rail project, from Euston to Curzon Street. currently has a budget of £40.3bn, with a built-in contingency taking the total cost to £44.6bn.… The post HS2: ‘Phase one could break budget by billions’ appeared first on Construction News.

TfL reveals plan to plug £740M funding gap

Transport for London (TfL) has revealed that it will make up its £740M funding shortfall through reducing its cash reserves, halving its operating contingency and increasing efficiencies, among other measures. The post TfL reveals plan to plug £740M funding gap appeared first on New Civil Engineer.

Metroun Quantity Surveying - Cost Value Reconciliation (CVR) Explained, 02062021

Cost Value Reconciliation (CVR) is a tool used during a construction project. Typically carried out once a month, this task fulfils the purpose of determining the profitability of a project throughout its lifecycle. This video explores CVRs in more detail.

Everyone has been talking about how to manage cost inflation but looking ahead, might insolvencies become the latest top risk to your business?

What does design contingency mean