Friday, May 8, 2015

Six Strategies to Ensure Your Project is Shovel Ready


StructureTec Group’s Building Construction Technology Educational Center (BCTEC) hosted a webinar on April 16th on the topic: “Are Your Projects Shovel Ready?”

In case you missed out, shovel ready essentially means that your projects are ready to start as soon as funding is approved. Ensuring your projects are shovel ready gives you a much greater chance of not only getting budget approval, but completing your projects on schedule.

As discussed in the presentation, there are six strategies that ensure your project is shovel ready.

1.       Define the project. You can do this by performing regular condition assessments and preparing a list that is ranked based on a well-defined condition index. It is also helpful to have a risk index prepared.

2.       Define the budget. Define your budgets based on recommendations and course of action. It is helpful to include unit pricing with estimates that are based on current average pricing information.

3.       Get the specs ready to go. Allow time to develop the project manual. This can be a time consuming process, ensuring it is completed will give you a head start on getting your project completed.

4.       Select the right team for the project. Selecting the right internal and external team is essential to completing a successful project. In selecting the correct external team, you should consider a designer and contractor that have a solid technical understanding of the project, and have excellent team communications.

5.       Choose a project delivery method. Between design/bid/build, design/build and construction management there are many different advantages and disadvantages. Have a method researched and chosen that will be the best fit for your project.  

6.       Have the financial impact ready for CFO review. Be prepared to show impact for prioritization, cost reduction and sustainability.

If you missed the webinar, you can watch the presentation here.

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