Construction Planning & Scheduling:

Necessity for Good Scheduling

“Time is money” -- to owners, builders, and users of the constructed facility.

Project Planning and Scheduling service helps you to quickly and easily create a proper plan for the project. Top 3 Real Estate Development performs the entire project management planning task required to deliver your project on time and within budget.

From the client perspective:

• lost revenue -- not receiving return on investment
• cash flow crunch
• potential alienation and loss of clients/tenants
• extended interest payments
• tax considerations
• negative marketing impacts

From the user’s perspective:

• financial implications similar to owners
• delays in upgrading facilities means operating at below optimum efficiency -- higher cost
• delays in constructing or rehabilitating infrastructure negatively affects businesses and
  the public at-large

From the contractor’s perspective:

• liquidated damages (negative)
• incentive or bonus (positive)
• delays result in extended overhead costs and other liabilities
• delays also put a crunch on critical cash flow from the contractor’s perspective:
• extending durations beyond the acceptable time frame limits the contractor’s bonding capacity and ability to bid more work
• inefficient time management results in higher labor and equipment costs
• a reputation for late completions is bad for business (especially in negotiated work)

Practical Benefits of Good Scheduling

• requires managers to think the project through prior starting the work
• provides a structured approach to planning
• means of communicating the work plan to others
• identify problems before they arise
  - identify long-lead fabricated items
• assess resource requirements
• forecast cash flows
• serves as primary documentation for delay claim analysis and other time impact considerations

The Scheduling Process (4 phases)

• Planning
• Scheduling
• Monitoring
• Controlling

Construction Planning is the necessary forerunner to Scheduling and includes:

• Defining work tasks
• Determining general sequence
• Construction methods
• Assigning responsibility