Tuesday, June 14, 2011
Slowly Fast Tracking!
This Great Recession has us all by the throat! For years almost every building project was started by"fast tracking" the design with the construction. That meant that we were well into the actual construction process before the details caught up with the project. People just wouldn't wait on the front end for all of the plans and drawings to be completed - they had to have it NOW! So build we did, sometimes blind to what was coming next. Often this resulted in substantial budget overruns due to the absence of timely information.
Well, that was THEN and this is NOW. With the stock market crashing, and people losing 40% of their portfolio, we have grown wiser. All of a sudden everyone wants to wait for the plans to be completely finished. And who can blame them? When the urge strikes for a new home or remodel, what incentive do we really have to accelerate the process?
Business has always been cyclical. When the elevator goes down, it always comes back up. Our current situation is no exception. Maybe it's time to re-evaluate our needs for the future and set the wheels in motion to take advantage of current conditions. Projects will never be cheaper, or more well attended than they are today!