What’s Your Approach to Mid-Project Budget Overruns?

[Isaac Lane]

Investors, curious to hear: what’s the toughest budget overrun you’ve dealt with mid-project, and how did you handle it?

We had a client project where the GC submitted a change order for $18,000 tied to “unforeseen” plumbing reroutes. After reviewing, we discovered a large portion of the work was actually included in the original scope.

Here’s how we resolved it:

• Compared the CO against the signed contract scope.

• Negotiated the CO down to ~$7,500 (actual extras) instead of $18,000.

• Updated budget tracking to make sure no future “double dips” occurred.

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  How do you push back or validate mid-project cost increases?