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Project 'fine print' manages risk

from Owner's Toolbox via WordPress

Jan. 20, 2011: Significant resources are used to manage the soft parts of a project to keep the project on time and on budget. Owners execute protracted RFQ / RFP processes with short-list interviews and selection committees trying to pick the right team out of a bunch of suits. Owners ask designers and builders how they manage quality on their jobs. Owners present a budget and then ask the team how they can creatively shave dollars off. At times this can be a little circuitous. If an owner really wants to manage project risk, the best way to achieve this with a tight contract - the hard part of the project. more


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7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063