Course Info
Losing Money on Change Orders? 7 Ways to Find & Fix the Leaks
Tuesday, February 2 | 10:00 - 11:00 AM |LVCC - West 217
Change orders can quietly erode margins on both custom building and remodeling projects, whether they’re priced wrong, written late or never written at all. Take a hard look at change orders as a complete system, from pricing and disruption costs to client communication, approval gates, field triggers and prevention. Through real project numbers, case teardowns and firsthand custom builder/remodeler [erspectives, uncover where margin leaks occur and how to stop them. Audit your own process using a 7-dimension scorecard and leave with a prioritized 30-day plan to strengthen your change order system and protect profitability.
- Price change orders to account for disruption costs, not just materials and labor, and confidently explain that pricing to clients.
- Use a 7-dimension scorecard to diagnose whether change order margin leaks stem from pricing, process or client communication and identify the right fix for the root cause.
- Apply a 3-gate approval system that prevents field teams from performing additional work before a signed change order is in place.
- Use stronger specifications, drawings and pre-construction practices to reduce common design-driven change orders on custom building and remodeling projects.
