Construction delays and claims arising from project delays and disruptions have become an increasing impediment to project success. Of even greater concern is that sustained profit, especially under present economic conditions, has become more difficult to achieve. All participants in the construction process face increasing, relentless pressure to complete projects on-time, on-budget and of quality work and materials.
Compounding the challenges of the current economy, project participants are often confronted with greater lenders’ security requirements, owners’ demands and contract terms, complex federal, state and municipal requirements. Additionally, public projects funded by the American Recovery and Reinvestment Act of 2009, and other legal mandates must all be carefully considered in dealing with the risks of project delays.
Successful project management requires industry professionals to closely plan, monitor, and analyze construction progress. The in-charge person(s) must also be able to assess and accommodate the impact of design and material changes, substitutions, weather, skilled labor availability, and other factors that might increase the risk of delays or unexpected costs as they affect the bottom line – PROFIT !!!
Construction management requires experienced attention to basic essentials, namely:
A government which robs Peter to pay Paul can always depend on the support of Paul.
George Bernard Shaw