Construction Owners False Sense of a Good Price

Are You Looking At Only The Bottom Line? 

Share 


Project Management category interest

If an owner is given five prices for the same project they typically choose the mid-level price without descoping the proposals to qualify that they are inclusive of all shown on drawings and the scope of work. This is where price vs. quality comes in and Owners would rather take the middle of the road rather than staying in the fast lane and choosing a well qualified bid due to the sticker shock factor.

So build your relationships, take the time to see the entire picture not just the drawings given to you, and lastly be sure that the owner has all the variable that could or could not happen after the bid is presented! 

Share 

More from Project Management

Overcoming Challenges With Clients In Home Remodeling Project Management
Project Management

Overcoming Challenges With Clients In Home Remodeling Project Management

When the unexpected occurs, expectations change, or you have mis-communications, you will be challenged to keep your project in order with your client. Carefull planning enables you to do so without breaking a sweat.

Managing Project Scope Creep in the ProjectSuite365 Work Flow
Project Management

Managing Project Scope Creep in the ProjectSuite365 Work Flow

Pay close attention to the requirements in your Work Agreement. Provide what has been stipulated, and you can avoid scope creep. You cannot build an airplane to seat four if the project was designed to seat two.

Managing Project Timelines In the ProjectSuite365 Work Flow
Project Management

Managing Project Timelines In the ProjectSuite365 Work Flow

Few things irritate clients more than not being on time. You can set yourself apart from your competition by first showing up on time for planned meetings by arriving 10 minutes early. And set realistic benchmarks for completion. Allow for things like rain days and interruptions. Do not promise a hard deadline, and over estimate the time it is going to complete each step of the project. That way when you complete the step on time or earlier, you are the hero.

Managing Subcontractors and Suppliers in the ProjectSuite365 Work Flow
Project Management

Managing Subcontractors and Suppliers in the ProjectSuite365 Work Flow

Your ProjectSuite365 app keeps all of your Subcontractors and Suppliers organized to assist you in assigning them to your projects, as well as communicating with them during the life cycle of the project.

Managing Communication in the ProjectSuite365 Work Flow
Project Management

Managing Communication in the ProjectSuite365 Work Flow

Ensuring good communication will keep things peaceful between you, your client and your subcontractors and suppliers. Always make notes when you agree to something, and follow up to inspect that what you communicated has been carried out. ProjectSuite365 includes an excellent Communication system between you, the stakeholder and your crew. ProjectSuite365 also includes an image gallery for each of your projects where you and your team can post images of ongoing progress and details.

Managing Project Budgets in the ProjectSuite365 Work Flow
Project Management

Managing Project Budgets in the ProjectSuite365 Work Flow

The larger a project becomes, the smaller your percentage of what you keep as profit and the cost of doing business. It's easy to think that something fits into your budget that you did not anticipate. Plan your budget carefully before work begins and stick to it.

Sign up for MySuite365 Newsletters

Keep in touch with everything on MySuite365. Sign up for our newsletter!
 







Stats
Elapsed time: 0.1159 seconds
Memory useage: 2.73MB
V2.geronimo