Construction Audits Help Control Health Care Construction Costs
After being on the rise already the past 10 years, health care construction spending is expected to increase 5 percent in 2017. Health care construction project owners are increasingly leveraging construction audits as a valuable tool to control the costs of these projects. The process typically saves 1 to 3 percent of the total project budget.
In a recent Seniors Housing Business article, Bill Willbrand, Partner in Charge, Real Estate Services at Brown Smith Wallace, discusses tips for construction project owners to take into account when considering construction auditing, including:
- Fine-tune your contract
- Establish project cost oversight
- Look back to gain valuable insights