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How to Save Money on Construction Projects Part 2

At Cotney Construction Law, our Knoxville construction attorneys are here to offer you support with any legal assistance you need on construction projects. Because all of our attorneys have a unique background in construction, we can also be extremely helpful in implementing strategies that save you money on your construction projects as well.

In the first section and in this section, we are focusing on cost-effective strategies you can implement into your project even before breaking ground. Remember, a Knoxville construction attorney is here to offer you any construction legal insight you require.

Saving Money in the Design Stage

After you are awarded a contract and the legal agreement is set forth, the cost-saving strategies for construction companies have just begun. As Knoxville construction attorneys that represent construction professionals in a variety of disputes, we know that many issues can arise during the design phase of a project. For contractors, it’s always beneficial for cost-saving techniques to be involved in the design phase. Whether the design concept needs tweaking, materials can be replaced, or you can reduce the construction schedule in some creative ways, any insight you can provide the architect with during the design phase will only be beneficial to the overall budget of the project.

Utilizing Revolutionary Technologies

In the last few years, many effective cost-saving practices and technologies have emerged before you begin building. Building information modeling (BIM) software provides insight into several critical aspects of construction from project design to coordinating plans to managing the ongoing construction process. Similarly, mobile virtual reality (VR) and augmented reality (AR) applications have proven to be groundbreaking. These technologies are crucial in effectively implementing project designs like never before.

Streamlining the Construction Process

Although much of this management and design software is rapidly changing and the initial stages of applying the technology can be daunting, contractors and project managers will discover these applications will greatly increase their project productivity and save them expenses in the long run. Although there may be some brief growing pains of learning these applications, this state-of-the-art technology will eventually help you save time and money on projects.

For more information on cost-saving strategies in construction, please read sections three, four, five, and six.

 

If you would like to speak with a Knoxville contractor lawyer, please contact us today.

Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.