Staying on top of your project is not the easiest task for a working business owner, but it is important and necessary to ensure your project is completed the way you desire. Here are some tips to help you keep up with your project.
Be present in the planning stages.
The more you are involved in the planning stages of your project, the more informed you will be. You will likely be able to avoid certain issues and come up with cost-effective ideas and strategies.
Hold regular meetings.
Always stay in the loop and up to date on the progress of your project. Have any issues come up? Will the project be complete by the deadline? Are you satisfied with the progress?
Have a contingency plan.
An issue in your project could arise at any given moment. You must be prepared for the unexpected. A construction contingency is an amount of money set aside to cover any unexpected costs that can arise throughout a project. This money is on reserve and is not allocated to any specific area of work. Most projects will use a rate of around 5-10% of the total budget for contingencies.