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Construction Allowances 101: 4 Effective Practices for Budget Management

Author: 
buildern
Publication date:
March 15, 2023
Article Summary: 

The article "Construction Allowances" on the BuilderN website explores the concept of construction allowances in the construction industry. It provides an understanding of what allowances are, how they are typically used in construction contracts, and their implications on project costs and timelines. The article discusses different types of allowances, such as material allowances and contingency allowances, and highlights the importance of accurately estimating and managing allowances to avoid cost overruns and delays. It also provides insights into best practices for incorporating allowances in construction projects and effectively communicating with clients and subcontractors.

Keywords: 

Construction allowances, BuilderN, Construction industry, Construction contracts, Project costs, Project timelines, Material allowances, Contingency allowances, Estimating, Managing, Cost overruns, Delays, Best practices, Clients, Subcontractors, Communication.



Source Citation: 
buildern
Construction Allowances 101: 4 Effective Practices for Budget Management
March 15, 2023
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