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Tag Archives: Construction Progress Monitoring

The Value of Designing to the Budget

Because construction projects can be risky it is difficult to determine the cost upfront, which means that cost estimates frequently exceed budgets.  Changing construction plans to fit within budget can have consequences, but the need for the new or renovated building may be such that the owner understands the risk of cutting corners in the…

Construction Progress Monitoring

Construction Progress Monitoring can save a lender and a borrower money, especially when instituted on the front end of a construction project.  It is in some cases required by the lender.  When lending money to borrowers for purposes of construction, lenders don’t write the borrower a check for the entire amount up front.  The money…