For commercial contractors, both GCs and subs, a successful project is one completed on time and within budget. The client is happy with the finished product and the contractor walks away with a tidy profit. Everybody wins. When a project fails, it’s typically due to conflicts and issues that cause cost overruns and delays in the schedule.
If not properly managed, it will eventually lead to going over budget and blowing past the scheduled date for substantial completion. Going over budget eats into the contractor’s profit in addition to being hit with liquidated damages for every day past the agreed-upon completion date.
