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6 Must-Have Reports for High-Performing CRE Project Managers
All good commercial real estate project managers think ahead. Whether that’s 30 days, six months or even one year, the most successful project teams understand the importance of having a well-informed roadmap. It is equally as important to complement that long-term view with a comprehensive group of reports to track all aspects of a CRE…
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3 Ways Real Estate Developers Keep Vendors on Schedule
A complex real estate project can have upwards of 200 vendors – everything from a site surveyor to a lighting designer. With so many moving parts, it’s no surprise that the overall success of a project relies greatly on every vendor completing their respective job on time and within their allotted budget. That may sound…
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How Real Estate Developers Can Future-Proof Operations
Leaders in many sectors are (rightfully) trying to stabilize and reinforce their businesses in light of the global pandemic and recent economic downturn. Real estate owners and developers are no exception. Even before the pandemic and its subsequent effects hit, the commercial real estate industry was faced with increased trade war tensions, volatile pricing in…
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The 10 Major Blind Spots of Real Estate Project Management
Running a $200+ million real estate project in a static spreadsheet often exposes your project to unnecessary risk, delays and budget overruns. Knowing that, why would a savvy real estate developer manage a project of any size in something so inflexible and error-prone?
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Why Real Estate Developers Need an Anticipated Cost Report
The monthly cost report – or draw request – is one of the most important documents for a commercial real estate developer. It is the trusty report that documents all project activity from the past 30 days, secures necessary financing, and ensures that all key stakeholders are kept in the loop regarding project status. It…
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Start Your Commercial Real Estate Project Out the Right Way
A thoughtful, structured start can make all the difference for CRE owners and developers running multi-year real estate projects. Instead of course-correcting throughout the lifetime of the project – which slows teams down and leads to budget overruns – feel prepared and ready to handle any challenges or opportunities you may face. Follow these five…
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How Real Estate Developers Can Increase Productivity
Productivity for real estate developers has remained stagnant since 1945 – this includes owners and developers on tight timelines and budgets. Without purpose-built technology, project delivery teams have relied on static spreadsheets and clunky legacy applications better suited for accountants or construction teams. These high-skilled teams deserve a modern solution to increase productivity and realize…
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Why 70% of CRE Project Delays Happen Before Ground Breaks
Real estate project delays are a hard reality of commercial and residential development. Whether it’s a ground-up construction, a major renovation, an interior fit-out or something in between, most projects end up surpassing their expected completion date.
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5 Ways Accounting Software Limits CRE Project Delivery
A majority of commercial real estate project delivery teams rely heavily on their accounting department’s software to manage project finances. While that practice may have seemed fine in the past when there were no alternatives, there are many reasons why this method is inefficient and causes needless headaches for both accounting and project management teams.