StatsBlog

StatsBlog provides a forum to give you a specific point of view on contract administration issues in the AEC and design industry. We share news and features of FIVE and how it influences contract administration.

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Understanding Accounting vs. Contract Administration

Accounting is an accrual method of tracking financial transactions, reflective of the last observation plus, the current observation, that must equal observations to date. In contract administration the observation is, of what is observed to date, minus the observation of the past, to determine the current change in observation.

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Industry Overview x Market Trends

Since contract administration is closely linked with the number of construction projects underway, administering contracts closely mirrors as to what goes on, in the construction industry. Generally, the construction industry holds steady or grows, unless there is a significant recession.

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Change Management: the other side of the coin

In the last article on this topic, we explored the outgoing forms of CCDC 24, this time we will review the incoming forms from your contractor and others. These forms are less structured and come from a variety of sources include your Client, the Owner, the contractor as mentioned, your Consultants, and depending on the contract type, each of the specialty trades.

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OOTB x MiMO

Over the past year we have been referring to MiMo and OOTB. These acronyms refer to “Minimum input—MAXIMUM OUTPUT” and “Out of the Box”, two strategies that were applied to a 2021-2022 Sample Project, and now being used as the basis of in our Online Training Modules.

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If you want peace, be ready for claim

In the world of design professionals, legal disputes can arise, placing them and their insurance coverage at risk. An insightful article published on July 13, 2021, delves into the five statement that a lawyer working with Pro-Demnity Insurance Company, an insurance provider for architectural professionals, hopes never to hear during initial meeting regarding a claim made against an architect.

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So, what is Contract Administration?

In 2014, the Ontario Association of Architects (OAA) — Construction Contract Administration Committee (CCAC) undertook a review of contract administration specific software. In its conclusions the report says: Statslog can be used for many projects and would be the most cost-effective for a small office with many projects.  

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Award Magazine: Tools of the Trade

Statslog was featured in Award Magazine’s August 2016 issue covering the tools of the trade and how software for AEC embraces customization. “We don’t expect 3D models to be drawn on paper with a pencil because there are substantially better tools available today. In construction contract administration, we’re still seeing a lot of firms using basic software when there are more powerful tools available.”

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