Below is a list of Best Practices that are of significant value to Owner capital programs. Currently available to Carolinas Healthcare System only.
- Change Order Management
Owners must recognize that change orders do not benefit from a competitive bidding process and protect their interests. Over-billings can amount to hundreds of thousands of dollars.
- Standardized Contractor Labor Burdens
Only statutorily required taxes and employee benefits are allowed. Use these and save.
- Lump Sum Contracting
Understand the four essential requirements to ensure your lump sum contract does not cost you more than using a cost-plus contract.
- Concurrent Cost Reimbursable and Lump Sum Contracting
Why getting this wrong can cost you. And how to get it right!
- Construction Managers/General Contractors Doing Self-Performed Work
Is there a conflict of interest here? How to manage this effectively.
- Guidelines for Employee Personal Business with Owner’s Contractors
These are essential for a quality Code of Business Conduct Policy and prevention of fraud.
- Contingency Management and Drawdown
Use this best practice to ensure you capture under-runs/savings.
- Allowance Tracking and Management
Effective management of allowances requires up-front planning and post-activity action. Learn what to do and when.
- Construction Equipment Rental Rate Management
Where to go for fast and easy answers as to what should be allowed.
- Recordkeeping and Filing of Audit Documents and Work Papers
How working papers and audit reports can be organized and filed as required by your internal procedures and Sarbanes-Oxley.
