Construction Change Order Management
Failure to recognize potential change orders is a source of significant margin fade for many contractors. Managing change orders effectively creates the environment where contract status and margins are known and, better yet, predictable.
Change order management can be a time-consuming and painstaking process. Most of us agree that there is not a windfall of profit chasing change orders using the traditional processes. Because of the resistance received when submitting a request for a change order, many contractors decide that pursuing them, “just isn’t worth it.” Or, they believe that under a certain revenue limit, the effort is not worth the reward. However, if a justified change order is not transformed into a contract adjustment, who foots the bill?
Change orders are an inevitable part of the construction process, and while it’s not always possible to prevent them from happening, you can make sure you are equipped to price or validate them when they arise. Whether you are an owner, contractor, or subcontractor, Spire can analyze requested and proposed change orders throughout a project’s duration.