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OnDemand Course

Cost Control Techniques and Best Practices

Learn best practices and practical tips to control cost on your construction project.

Controlling construction projects costs is a necessity for all parties involved: owners, developers, architects, engineers, contractors, subcontractors, construction managers and project managers. Yet they often find themselves trying to control costs at the expense of each other, harming important business relationships, increasing the total project cost and/or leading to costly claims and litigation. This topic helps the various parties learn how to minimize the risk of cost overruns for the project as a whole and themselves. It is critical to start planning cost control measures from day one and to have a strong team in place with the skills needed control costs throughout the process. Learn to understand and analyze contracts, schedules, budgets, risk allocation and get tips for addressing potential problem areas within the project and your role in the project. Receive guidance, best practices and practical tips for controlling construction costs the first project budget through punch list.

Runtime: 91 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Early Stage - Cost Control Planning

  • Project Budget Contingencies
  • Project Time Lines
  • Contracts - Choices and Coordination
  • Insurance Coverages
  • LEED® Analysis

Design Phase -Preventing Cost Overruns

  • Design Professional/Sub Consultant Contracts
  • Third Party Review/Input
  • Cost Estimates
  • General Contractor/ Sub Contractor Contracts
  • Liquidated Damages, Lien Waivers

Construction Phase - Cost Control

  • Schedule(s) of Values/General Conditions
  • Time Schedules/Buying out Subcontracts
  • Project Meetings/Notes
  • Change Orders, Time Extensions, Claims
  • Substantial Completion

Close out - Claims

  • Final Completion
  • Litigation Avoidance
  • Insurance Claims
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on November 17, 2015.

Call 1-866-352-9540 for further credit information.

No Credit Available

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Janet B. Fierman

Janet B. Fierman

Sheehan Phinney Bass + Green, PA

  • Shareholder at Sheehan Phinney Bass + Green PA
  • 2015 Top Woman Lawyer in Massachusetts; chairman of the Town of Brookline Building Commission; Super Lawyer in area privately owned businesses since 2009
  • Relevant publications “Family Enterprises and Their Real Estate”, chapter in Family Enterprises, How to Build Growth, Family Control and Family Harmony, Richard Narva editor. 2015; “CM at Risk – A New Alternative for Public Construction Projects”, 2009 “Building Defects in Residential Properties: Who is Responsible?” 2008
  • J.D. degree, law review, Boston University School of Law; B.A. degree with honors Swarthmore College; Master of International Affairs, Columbia University School of International Affairs
  • Can be contacted at 617-897-5648 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 396592
Published 2015
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