Here are some preventative measures you can take that will keep your construction project on the right budget.
Construction projects should always be done within budget, when possible. When they start to go over budget, it is referred to as a cost overrun. So, what exactly causes a cost overrun to occur, and how can we prevent them from happening. Here are some preventative measures you can take that will keep your construction project on the right budget.
Give Accurate Estimates for the Project
While people may be eager to get started with a construction project, it’s important to establish the scope of work that’s involved, what the expected deadline should be for the project, and how many people need to be working on it, among other things. While pre-construction services such as these can cost quite a bit of money, you’ll save money long-term because you’ll be able to avoid costly issues later on.
Be Prepared for Change Orders
A change order is what happens whenever either the contractor or client doesn’t believe that the current design for the project will work, and they now want to make adjustments. Such modifications to a construction project will typically come at an additional cost, as there will often be more materials and manpower that are needed, not to mention the extra time that will be needed to finish the project. While not every aspect of a construction project will be predictable, it’s important to plan for such possibilities in the pre-construction phase whenever possible. This will reduce the chances of cost overruns happening that could affect the budget of the project.
Have the Project Managed Effectively
Projects that are poorly managed are more likely to incur added expenses. Perhaps a project is taking too long to complete. Maybe materials aren’t being used optimally. Perhaps there is poor communication between people who are working on the project. Avoiding these types of problems will help your construction project move along more efficiently. The more efficiently your project is completed, the less likely you are to face added expenses.
Let Facility Site Contractors Keep Your Business Clean
Our management team is made up of experienced experts with knowledge of all aspects of construction and facilities. Facility Site Contractors has the capabilities to meet all of our clients’ critical infrastructure needs CONUS and OCONUS. We are committed to practicing sustainable principles to achieve the integrated benefits of environmental, social, and economic sustainability. Since founding in 1990, we have been employing sustainable practices in daily operations to reduce our resource burden on the environment and to ensure we have a positive impact on our clients.