eBook:
Closing Strong
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How Efficient Closeout Improves Profitability and Reduces Risk
Even though closeout is required for owners to release retainage, 80% of owners report difficulty getting closeout documents on time from their general contractors. It’s no wonder only 28% of general contractors report getting paid on time.
General contractors that still treat closeout as an afterthought pay the price in time, reputation, and cash. Poorly executed document closeout leads to costly delays that tie up working capital, unhappy customers and lower margins.
In this eBook, you will learn:
- The real cost of inefficient document closeout
- How to shift the closeout mindset from afterthought to an efficiency lever
- The present and future opportunities presented by technology driven closeout
A project manager or APM stuck in closeout isn’t available for the next project. Once you’re late on closeout, you’re late on everything that follows.
– Tiffanie Artigas, Director of Operational Excellence, Verdex Construction