Cost Control Techniques and Best Practices

Learn best practices and practical tips to control cost on your construction project.

Controlling construction projects costs is a necessity for all parties involved: owners, developers, architects, engineers, contractors, subcontractors, construction managers and project managers. Yet they often find themselves trying to control costs at the expense of each other, harming important business relationships, increasing the total project cost and/or leading to costly claims and litigation. This topic helps the various parties learn how to minimize the risk of cost overruns for the project as a whole and themselves. It is critical to start planning cost control measures from day one and to have a strong team in place with the skills needed control costs throughout the process. Learn to understand and analyze contracts, schedules, budgets, risk allocation and get tips for addressing potential problem areas within the project and your role in the project. Receive guidance, best practices and practical tips for controlling construction costs the first project budget through punch list.