Define payment milestones by objective achievements like passed inspections, delivered equipment, and square footage completed. Retainage motivates quality without starving cash flow. Require signed lien waivers and updated insurance certificates at each payment to keep the project bankable and administratively clean for everyone involved.
Hold ten to fifteen percent as a contingency, separate from allowances. Lock prices with time-bound quotes, and clarify substitution rules in writing. Track market indices for lumber, copper, and fuel, adjusting forecasts before they become crises. Communicate early to preserve goodwill and options.
Translate professional metrics into friendly dashboards. Compare planned value to earned value weekly, noting schedule variance and cost variance in plain language. When numbers drift, decide whether scope changes, resequencing, or overtime offers the cleanest recovery, and document impacts so expectations remain aligned.






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