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Price vs Timeframe: Navigating the Factors that Affect Your Project's Cost and Schedule

Updated: Sep 16, 2023

When undertaking a construction project, two major concerns often arise: price and timeframe. Though they may seem distinct, these elements are deeply interconnected. Several factors can impact both, sometimes creating a chain reaction that disrupts your project's cost and schedule. Here are some pivotal points to consider:

1. The Impact of Weather

Weather isn't just a small talk topic; it can be a budget-buster. Rental fees for necessary equipment can accrue if inclement weather delays your project. Since it's your project, these unforeseen costs might be passed on to you.

2. The Importance of Prompt Communication

Contracts often specify timeframes for answering crucial work-related questions. Failure to respond within these periods can lead to significant rescheduling challenges, adding complexity and potentially extra costs to your project.

3. The Ripple Effect of Changes

It's easy to think a small design change won't impact much, but that's rarely the case. Design elements are often interconnected in terms of functionality. What may seem like an "easy" alteration can become costly when it disrupts other aspects of the project.

4. The Cost of Assumptions

Never assume anything in a construction project. Always ask whether your understanding aligns with the plan or design, and get it in writing. Change orders without written agreement can result in unexpected costs that you'll have to bear.

Summary: Be Proactive, Not Reactive

These factors, if not addressed proactively, can dramatically affect both your project's timeframe and cost. The best way to navigate these potential pitfalls is to establish clear written agreements and maintain open, timely communication with your contractors.


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