Despite alignment on quoting these costs separately, there still seems to be little to no consistency.
The business lessons I got from Joseph will stay with me much longer.
One of the strategies for maximizing the value of capital is to extend payment terms.
Every year the American Institute of Architects hosts a 3 day conference, This year the AIA conference was held in Las Vegas.
This process occurs before the contractor presents an invoice.
Substantial completion is the single most important date of any project.
A lien is a legal document that imparts ownership onto a third party until a specific debt is paid.
In other words, they made payments to the contractor without knowing what these payments were for.
The project provided the revitalization it was meant to, but the path it took was fraught with frustration.
These list are unwritten and never published, but this practice is alive and well in construction circles everywhere.
Johnston is so focused on procurement that he has completely overlooked the rest of the findings.
You can download a PDF version of my ProcureCon presentation here.