the newsletter of tbd consultants - 3rd qtr 2010
						Printable PDF version Subscribe to our newsletter In this Edition Climbing a Greecey Slope Sustainable Sites Initiative Construction Execution Services
		Construction Management Specialists 111 Pine Street, Suite 1315 San Francisco, CA 94111 (415) 981-9430   4361 35th Street San Diego, CA 92104 (619) 550-1187   8538 173rd Avenue NE Redmond, WA 98052 (206) 571-0128   www.TBDconsultants.com
		Climbing a Greecey Slope Geoff Canham, Editor We seem to be on a slippery slope with the stock market, but how is the economy itself progressing, and what are the implications for the construction market? We take a look here at where we are now, as we dig ourselves out of the Great Recession.
		Sustainable Sites Initiative The Green movement has made landscaping a more prominent part of many developments, and now there is a new rating system especially for site development. In this article we take a quick look at the new green rating system specifically for sites.
		Construction Execution Services This article completes our series giving an overview of the GMP procurement method, as we look at services carried out during the construction period. SCHEDULING With a GMP delivery method an owner has full vision into the construction schedule. Due to this it is prudent to have staff available to forensically analyze and correctly progress the schedule monthly. This will enable the owner to make informed decisions relating to extensions of time, increasing man-power to meet schedule and reduce the risk of claims. COST CONTROL AND MONTHLY REPORTING Monitoring the health of a project is essential to avoid problems. The earlier a project team can identify a problem the easier it is to avoid it. Monthly reporting is fundamental to this process. A good monthly report will include: Schedule status 3 week or month look-ahead Indicate the status of change orders Identify pending change orders Highlight trends Show cash flow Show contingency draw down Show physical percent complete Earned value calculations Risk log Detailed cost report by bid package Often, the GC will provide the report, but it is imperative that it is independently verified. CHANGE CONTROL Having a well-defined and managed change control process is one of the key elements of successful construction execution. It can also save an owner considerable money through the independent and diligent review of all documentation from both the GC and design team. All change orders submitted by the GC should be checked for calculation errors, fair value and validity.
		Design consultant: Katie Levine of Vallance, Inc.