The Days of Wine and Roses are Over...

The days of wine and roses have faded away. Everyone in the industry has become concerned over the last few years about disappearing funding and the rapid escalation of construction costs... or at least their instability.

Investors are tightening their proverbial money belts. Many projects in the public and private sectors are being put on hold or shelved all together and new projects face a tough and skeptical path to financing. Many invested in the US construction industry are quite concerned, and are keeping a much closer eye on everything. We don't know if the future will show a reasonable turn around or not... but many are worried about dreary forecast. The safest bet is to assume the worst case scenario and prepare for it.

Tightening the flow of outgoing money is an important good first step. Start with well coordinated and accurate contract documents by using a KeenLook review. When the construction documents are not up to par, change orders during construction promote delays and cost overruns which place a tremendous strain on resources. Fixing the problems on paper, prior to breaking ground, is a fantastic way to reduce unexpected large expenditures.

At the Nigro Firm, we believe the days of wine and roses are over and we are now in the days of beer and dandelions. We also believe that it is time to reduce costs where ever and whenever we can, without sacrificing quality.

Take the first step. Contact us for more information about our coordination reviews.