Help Stop the Bleeding

[Mike Garrett]

What is the full impact on your flips and rehabs if the construction schedule runs over?

Of course when projects run long there are extra property taxes, insurance payments, and interest on the purchase loan. These can be significant based on the size of the project, but the construction generally contains some creep as well. Contractors with change orders for work not in the original scope can add up in a hurry. Not only that, but many requests for information (RFI's) require owner or design team input which incurs further costs. These financial impacts can really hurt your bottom line, but what about the other stresses?

The emotional turmoil can be great even if the financial impacts are minimal. The stress of not knowing when the project will wrap up and can be brought to the market takes a toll on your sleep and daily life. The potential of another cost with compounding delays in the schedule seems to loom overhead, but what if you could stop the bleeding?

What if you could learn how an architect, who manages many multi-million dollar projects, keeps his projects on schedule? The truth is that learning better project management skills is the key to maintaining schedules, reducing scope creep,and retaining profits.

Find out more at https://www.starbuiltconsulting.com/project-manage...