Join Downes Construction for a lively and interactive discussion on maintaining capital project budgets during this time of inflation, material shortages and supply chain challenges. There have been many lessons learned, in the construction industry, over the past two years, and this discussion will provide candid information on what works best to protect your taxpayer’s finances and trust. This session will offer current intelligence ranging from making sure your referendum budget is accurate, to managing the design phase within the allocated dollars, to creative bidding that recognizes material and labor turbulence and keeping the construction phase on budget through continual uncertainty.
The panel will demystify this process through case studies and lessons learned about:
- Developing a realistic referendum budget
- How inflation, escalation and material lead times effect the budget
- Specific building material shortages and proposed alternatives
- Reining in an over-budget project during design
- Bidding strategies to keep the project within approved referendum dollars
- Course correcting during construction
- The current state of Rhode Island’s labor and material markets vs. Regional and National trends