As any builder will tell you, it is impossible to know with certainty the exact amount a project is going to cost. Variables affecting the cost run the gamut from labor and material costs to delays ...

While both relatively simple concepts, allowances and contingencies are often confused with one another. Conflating the two can lead to pitfalls. An easy way to remind oneself of the difference is: ...

Construction risk management is a process of identifying and evaluating the unique risks that each project presents. Crucial to the evaluation is developing methods to mitigate the impact of risks to ...

Unfortunately, this book can't be printed from the OpenBook. If you need to print pages from this book, we recommend downloading it as a PDF. Visit NAP.edu/10766 to get more information about this ...

John Fish steered his company, Suffolk Construction Co., through the Great Recession of 2009 with a cheerful optimism and plenty of ambition. He also set big goals for Suffolk, including investments ...

A failed construction project can cost your business thousands of dollars on wasted materials and payments to contractors. Before you embark on any construction project, you must devise a specific and ...

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