In This Issue:
- Owners: Here Are Five Ways to Ensure Project Failure....Page 1
- Construction Codes: Putting Your Vote Into Action......Page 2
- Excerpt from Owners: Here Are Five Ways....
Owners and owners’ representatives often fail to follow certain basics that can lead to major problems with their projects. If you are interested in making sure your project is a disaster, here are five sure fire techniques.
1. Mistake Price for Value -
In today’s economy, margins are clearly tight and price is a major factor. Still, simply picking the cheapest contractor or consultant without regards to quality, experienceand talent is a mistake. Low bids often hide mistakes or are a harbinger of aggressive change orders coming. Hiring the cheapest civil engineer may save a little bit of money initially but ultimately could end up costing you during a rocky entitlement process. The cheapest architect may expose you to more claims and lack of coordination. Focusing on value across the entirety of the project as opposed to strictly price will translate to greater success and less risk.
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Published In:
Commercial Law & Contracts Updates, Construction Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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