The Ripple Effect
of Rework
When you're unable to identify the hidden obstacles of
renovation projects and properly account for them in your
design, budget, and schedule, you could be looking at
costly and time-consuming rework on the horizon.
ý The construction industry spends roughly $178 billion
on fixing errors.
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ý The reported cost of construction rework is estimated
at 5% of the overall contract value
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but the actual
figure could be much higher.
11
ý Rework increases construction costs by more than 16%
of the contract price.
12
ý An estimated 30% of the work done by construction
companies is rework.
13
ý Construction project team members spend 4 hours
per week dealing with rework-related activities, such as
managing the mistakes that result in rework, assessing
the associated costs, and determining why the
mistakes happened.
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Rework can erode your profit margins and throw your
projects off course. While you could argue that rework is
simply a reality of the construction world, you have the
ability to minimize its ripple effect.
To learn how you can optimize construction layout to
reduce costly rework, read the blog.
