Are You Ready for Your Project?

If you're comfortable with the answers to these questions, you know what every construction project owner should know.

  1. I understand the ratio of soft costs to hard project costs. On my project they consist of…


  2. Five things the financiers/banks and our board of directors will insist on knowing are…


  3. Architects and engineers come in all sizes and experience levels. My plan to engage the ideal team is…


  4. The budget for my project is ALL IMPORTANT to this organization. I understand Value Engineering (VE) concept, and the best time to pursue it is…


  5. I have a pretty good understanding of "Design-Bid-Build" versus "Construction Management." Five key distinctions are…


  6. In my organization, the best available person to manage this project from inception to completion is…


  7. Several people in my organization have solid contacts in the building industry. My plan to take advantage of this is…


  8. If things should go wrong at some point, I have litigation, binding arbitration, and mediation at my disposal. My preference is…


  9. Can the United States Green Building Council dictate the design and construction of my project? Can I be "green" without paying for LEED certification?


  10. Is it a good policy to write a shared savings clause into the agreement with your Construction Manager?


  11. When does it make sense for a builder to declare a financial contingency fund and who has the authority over its use?


  12. Is the A/E team liable for errors and omissions in their construction documents?

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    For help answering these - and many other questions - call McCracken Consulting.