Part of creating a strategy for the completion of a new project could involve addressing the financial costs involved and developing a project budget. However, it can be difficult to predict how or when issues might arise on a construction site, and in some cases, these issues could also lead to increases in project costs. There are a variety of concerns that could increase the risks of unexpected costs, and similar issues continue to be a leading cause of construction disputes.
While there could be a variety of issues that could increase project costs, experts indicate that some causes tend to be more prevalent than others, such as:
- Issues with project scope: Issues in estimating costs or the scope of a project could bring about delays or concerns that could prove costly for all parties involved.
- Errors with project design: Errors with the design of a project could leave those involved facing a need to revisit initial plans and make adjustments, which could also prove financially draining.
- Lack of communication: Studies suggest that issues with communication is a common concern that could increase the risks of unexpected construction costs.
- Issues with scheduling: Scheduling concerns could also prove costly, as unexpected delays or prolonged project completion dates may increase expenses substantially.
While it might be preferable to mitigate such risks, studies suggest that more than 80% of construction projects experience similar trials.
When unexpected costs lead to intense construction disputes, those involved may be left in search of advice on how best to protect their interests. Individuals in California who encounter similar forms of conflict could choose to consult with an attorney for guidance in addressing the situation and on the available options with which to seek an acceptable resolution. An attorney can work with a client in preparing a strategy to safeguard the future of his or her company and provide guidance on how to mitigate similar risks in the future.