Tight cost control is a critical component of any successful construction project. Every purchase order and subcontract agreement is tied to a cost code in our job costing system. Invoices from a material supplier or subcontractor are reviewed by the project manager and/or the superintendent for verification that materials have been delivered to the site in good condition and subcontractors’ work has been properly performed. Our accounting software flags overcharges and any invoices that lack a current insurance certificate from the subcontractor. These procedures, along with the project manager’s review of invoices prior to payment, and our constant oversight of the project through our Procore® software, ensure that budget projections are adhered to.

Procore® is a registered trademark of Procore

Keeping a project’s budget on track is all about avoiding surprises and maintaining communication. Weekly, the project manager and superintendent conduct a detailed job progress and cost review; the project manager and the project executive communicate monthly to share a comprehensive job-cost-to-date report. The budget is updated each month to show projected cost at completion.