Construction budgets are complex and remain fluid throughout the lifecycle of a project. Therefore, managing them is both a science and an art. Utilizing industry-specific cloud-based financial software with a centralized dashboard that contains all the financial information for the project, such as vendor contracts, invoices, change orders, is the science of managing a budget.
Change Orders are an inevitable part of construction. Due to the complexity of the construction projects today, it is almost impossible not to have at least one change order. Two elements can make managing change orders painless.
Cloud-based project management software that is robust and well-maintained is the key to any successful construction project. While many professionals talk about collaboration, the industry still operates in a very siloed manner. The only way to achieve true collaboration and efficiency is to have a single source of truth on the project that is easily accessible by all team members.
No two construction projects are alike, thus requiring different types of contracts to protect everyone’s interests. Utilizing standardized contracts brings ease to a project through familiarity within the industry and trust in the knowledge that it is fully vetted covering all potential issues.
A construction project requires the skills of a variety of professionals, including architects, designers, construction workers, landscapers, and more. It can become confusing on who provides which functions, especially when you hear the terms Owner’s Representative, Project Manager, and Construction Manager.
The most important decision to be made at the beginning of the project is choosing a project delivery method. This is the method used to organize the services to complete the build. The delivery method selected will identify the professionals' contractual responsibilities and dictate the relationship between team members.
At Dubrow Group, we define four stages and provide services every step along the way. Understanding the stages within a construction project aids in navigating the process, brings awareness to project budgets and timelines, and sets realistic expectations.
The process of construction is complicated, fast-paced, and highly collaborative. To navigate this process with ease and success you’ll need a strong team of experienced professionals. A cohesive team will communicate regularly, anticipate next steps, and thoughtfully challenge one another to achieve the best outcome for the owner.
Whether you are building a custom home, doing a significant renovation, or if you are an investor building a spec home hiring an Owner’s Representative is guaranteed to bring value to your project. An Owner’s Rep has the multi-disciplinary experience needed to monitor your project efficiently, saving you time and money.