Controlling Construction Costs
Avoid costly surprises and finish construction projects, remodeling and commercial relocations on time and on budget!
If you wouldn’t pay $715 for a level in a hardware store, why would you pay that much to rent one from your contractor?
An interactive, nuts-and-bolts course, “Controlling Construction Costs” will teach you to spot and control frequent sources of common budget-busters. The techniques you’ll learn will minimize headaches and prevent excess expenditures like…
- 10% (or more) of a contract’s cost for equipment rentals. Unscrupulous contractors can charge rental fees that exceed fair market value for the same equipment!
- 10-15% additional charges for change orders…which can easily become a source of misunderstanding between the contractor and the owner
- 1-2% of total job costs due to unaudited overcharges
- Up to 30% overcharges due to flaws, waste and abuse
The dollars invested in a construction project are substantial. Yet the resources and additional financial analysis required for managing the project are relatively small in comparison to the potential for savings. Monitoring the finances of your next construction project will have an immediate, quantifiable impact on the bottom line. Project management insiders show you how in “Controlling Construction Costs.”
Learn to effectively monitor the finances of your next construction project and see an immediate, quantifiable impact on its bottom line
Years of planning and anticipation are often devoted to a company’s construction project, and capital expenditures are significant in most organizations. If that is the case, why do these same organizations often overlook cost control opportunities for their construction projects? Many firms do not develop in-house expertise for construction projects, remodeling and commercial moves, although a quick review of the “cash flow” statement indicates that such projects may be one of the major uses of funds during a fiscal year.
The ability to analyze the costs of a complex, high-value project can help companies control their construction costs. After attending “Controlling Construction Costs,” you can be very effective in identifying and addressing a variety of financial items arising from the construction project.
In this three-day interactive course, you’ll apply proven techniques to case studies and learn how to ask the right questions and tackle technical matters. By following the skills learned in “Controlling Construction Costs,” owners, project managers, controllers and management accountants can direct and regulate many aspects of construction activity to ensure that their companies get what they contracted and paid for.
Who should attend?
- Facility managers
- Project managers
- Construction managers
- Property managers
- Administrators
- Company officers and directors
- Owners
- Controllers
- Accountants
- Auditors
- Anyone on the team of a new construction project, renovation or corporate relocation
Your bonus for attending “Managing Construction Projects” and/or “Controlling Construction Costs”: an essential resource guide!
Return to your job with a comprehensive resource notebook filled with checklists, examples of documents and practical outlines that will help you handle specific challenges and keep your projects on time and on budget!
The University of Wisconsin-Madison, as a member of the University Continuing Education Association (UCEA), authorizes this course for 1.8 Continuing Education Units (CEUs) or 18 hours.