CIVE

Five risks every developer underestimates, and what each one tends to cost in the end.

Design coordination risk. The structural drawings show a wall in one place. The mechanical drawings show a duct in the same place. Neither set of drawings references the other. The question of who reconciles them sits between three separate contracts until someone pays for the fix on site.

Schedule float risk. Construction schedules built in buffer time can be referred as schedule float. On paper, the buffer absorbs delays. On the field, the first delay consumes the buffer, and what is consumed does not come back.

Procurement timing risk. The custom steel, the specialty equipment, the long-lead items - they take months to manufacture. If they are ordered after the drawings are finalized, they become the items that decide when the project actually gets finished.

Permit condition risk. A condition that an inspector adds after the foundation is poured is the condition that triggers a redesign. Catching it before the pour costs hours. Catching it after, costs months.

Lender review risk.When the architect and the GC disagree on a project’s achieved completion milestones, the payment application stalls until they reconcile. Working with a team that quantifies completion through 5D BIM and Virtual Design and Construction makes the answer objective instead of negotiated.

Most overruns are not one big mistake. They are five small ones that compound.



cive.com/consult