Archive for February, 2016

Timing is everything

building-construction-building-site-constructing2

Money makes the world go round. This is particularly true when it comes to a construction project. Think of all the different stakeholders involved and the different financial requirements of each:

  1. Employees
  2. Sub Contractors
  3. General Contractor
  4. Owners juggling the financing
  5. Consultants and Project Managers
  6. Banks (covering everyone from employee mortgages, to general contractor loans, to project financing)
  7. Insurance and bonding agencies
  8. Material and equipment suppliers and manufacturers

And the list goes on.. so it should come as no surprise that every month the general contractor will submit a progress claim for work. Not to put pressure on the consultant, but once the progress claim is received it should take centre stage.  Do you know what the critical milestones are to make sure the world continues to go round? Read More…