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Reducing Project Costs

On August 28, 2008, Tom Koulouris - co-owner of Koulouris-Freyer, Inc., (KFI), a leader in construction management services, led a webinar sponsored by E-Builder.  In this webinar Mr. Koulouris detailed ways to Reduce Project Costs.  REDBUD Construction Services attended this webinar.  With permission from Mr. Koulouris, we have summarized some of the main points of the webinar below.

The four major components of a project are planning, design, construction, and occupancy.  The owner usually has control over the planning, design, and occupancy and the costs associated with these components, but spends most of his or her time trying to control the construction costs.  The construction component is defined as determining the measurable output of the design as managed by the owner.  And as Mr. Koulouris stated the construction component “is pricing the work that is planned and designed.”  The planning and design components are the areas where the owner should focus a majority of his or her efforts in order to ensure that the overall project costs are minimized. Read more

September 23, 2008 | Filed Under Construction Management, Effective Planning | Comments Off