Project Management Archives

Sometimes Going Forward Takes Compromise

Posted by richardcartright

· June 30, 2016

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People have different reasons for wanting to get something built. Usually, there is a disconnect between what they want to build and what they can afford to build. Recently a friend was working on a project for a non-profit, where the design committee had stated that the project budget was 20 million dollars. The project was well into designs and…

When do you make money on the property flip?

Posted by richardcartright

· December 12, 2013

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Often, investors tell you that, “In real estate investing you make all your money by buying right!” The truth is, “Buying Right” is only part of the ‘flipper equation’. Most property flips need repairs and upgrades as part of working the flip. Even when holding property, eventually repair and maintenance is needed. This makes property flips, a three-step process: Buy,…

Making FF&E, Material and Finish Selections

Posted by richardcartright

· October 9, 2013

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The term FF&E is an acronym for Furniture, Fixtures, and Equipment. Furniture is movable items such as tables and chairs. Fixtures are the immovable items such as cabinets. Equipment is a machine such as a water-heater or air conditioner. All are used to make a house or other space suitable for living and/or working. Materials and Finishes, are generally talked…

11 questions to ask before signing with a contractor.

Posted by richardcartright

· October 2, 2012

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Before sending out your bid package, talk to multiple companies to get more information about each. Give each contractor a quick call to conducting a short phone interview as you connect, or you can choose to include a questionnaire as part of a simple interview process. It’s up to you, as it is truly a matter of comfort. If you…

How much time will it take to manage your own Construction Project?

Posted by richardcartright

· August 7, 2012

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Some owners think a professional construction manager is not needed. They are sure that in just a few short hours per week they can keep in contact with all their subcontractors, make material choices, manage the project’s finances and even deal with the building inspectors. “It shouldn’t be all that hard,” they say to themselves, “why pay for services I…

Can You Afford a Project Manager?

Posted by richardcartright

· March 16, 2012

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An independent project manager can save you money on your construction project from the very beginning. How much depends on you. Read this article to find out how you can save money well before you start your construction project.