Handling Overruns on Public Contracts Paving Contractors
Expert Tips for Successfully Managing Overruns on Public Contracts as a Paving Contractor Construction project overruns can be caused by a variety of factors, including poor planning, inaccurate cost estimates, scope changes, and unexpected delays. Poor planning can lead to underestimating the time and resources required for a project, resulting in delays and increased costs. Inaccurate cost estimates can also lead to overruns, as unexpected expenses arise during the construction process. Scope changes, whether due to client requests or unforeseen circumstances, can also contribute to overruns by increasing the time and resources required to complete the project. Additionally, unexpected delays, such as weather-related issues or supply chain disruptions, can impact the timeline and budget of a construction project. Another common cause of overruns is inadequate risk management. Failure to identify and mitigate potential risks can result in costly setbacks and delays. Inadequ...