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Active Construction Cost Management is important to any repair, renovation, maintenance, or new build activity. Yet, despite is value, most public sector organizations have yet to deploy it. Over eighty percent (80%+) of all projects are late or overbudget largely due to an inadequately detailed and poorly communicated Scope of Work (SOW), including the failure to leverage readily available objective, current, verifiable, local market labor, material, equipment, and productivity data.
Every company wants to protect profits. Those in the construction industry are no different. In construction, most profit loss is due to risk and where the responsibility of that risk falls.
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