Hidden Costs in Building/Construction Projects and Budgets
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In higher education hidden costs can sometimes arise in building/construction projects, this can be a real issue because these costs can create an unexpected strain upon the budget.
What are some ways that we can work to anticipate what some of these hidden costs may be?
What are some ways (if you feel this is possible) that we can avoid these hidden costs on a construction project, for example?
Who all should be involved in the planning and preparation process?
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Solution Summary
The Solution identifies hidden costs and how to anticipate and prevent them.
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https://webcpm.com/articles/2015/09/01/construction-delays.aspx
In higher education hidden costs can sometimes arise in building/construction projects that can create an unexpected strain upon the budget.
What are some ways that we can work to anticipate what some of these hidden costs may be?
To understand the hidden costs associated with building higher education facilities, (you) must first understand the most important variable associated with successful construction of building projects in higher education, which is staying on schedule. To remain on schedule as much as possible is the most important part of higher education construction projects, and to ensure that the least amount of disruptions to the schedule occurs, the organization must identify potential risks that will result in schedule setbacks, mitigate these risks by proactively engaging in contingency planning, and actively engage construction experts hired by the company in helpful communication that can minimize costs associated with inevitable construction delays.
There are countless issues that occur during any ...
Education
- Associates of Arts , Lone Star Community College
- Bachelor of Science , Sam Houston State University
- Masters of Science, Kaplan University
- Masters of Science , Kaplan University
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