Understanding Construction Cost Overruns: Preventi..

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Understanding Construction Cost Overruns: Prevention, Detection, and Recovery | #contractor coordination issues #construction cost overruns

Understanding Construction Cost Overruns: Prevention, Detection, and Recovery

A construction cost overrun occurs when the actual cost of completing a project exceeds the budgeted or contracted amount. Overruns rarely happen all at once — they accumulate incrementally through a series of individually manageable events: a change order here, an unforeseen condition t