Key Takeaways
- Weekly management cycles with five metrics provide early warning.
- CO negotiation using contract rates saves 10-30%.
- Punch list and retainage require persistent follow-through.
- GC coordination value shows during multi-challenge scenarios.
Review of execution management from Track 2.
Execution Recap
Weekly cycles monitor Progress, Quality, Cost. EVM detects variances early. CO markups 30-50% vs. 15-25% bid—negotiate with contract rates. Punch lists average 30-80 items. GC networks justify their 15-25% margin during crises.
Key Takeaways
- ✓Weekly management cycles with five metrics provide early warning.
- ✓CO negotiation using contract rates saves 10-30%.
- ✓Punch list and retainage require persistent follow-through.
- ✓GC coordination value shows during multi-challenge scenarios.
Sources
- PMI Construction Extension to PMBOK Guide(2025-01-15)
- NAHB Remodeling Best Practices(2025-01-15)
Common Mistakes to Avoid
Not conducting a formal post-project review
Consequence: Same contractor management mistakes repeated on every project without improvement
Correction: Conduct a formal review within 30 days of project completion: evaluate schedule accuracy, budget accuracy, quality, and communication
Test Your Knowledge
1.SPI of 0.85 means?
2.Average CO markup vs. bid work?
3.Average punch list items?