The Hidden Tax on Construction
There is an expensive secret hidden in the budget of almost every major construction project: the cost of being wrong the first time.
The statistics on construction rework are sobering. Industry research consistently indicates that rework accounts for roughly 5% to 12% of total construction costs on average projects. For a $100 million development, that is $5 million to $12 million vanishing into tear-outs, change orders, and schedule delays.
