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Execution Case Study: Managing Challenges

10 min
5/6

Key Takeaways

  • Multiple challenges are common—the framework handles each.
  • Fast-tracking recovered 4 days without cost.
  • GC network enabled 3-day electrician replacement.
  • Total 8.2% overrun within 10% contingency.

A renovation encountering hidden conditions, subcontractor failure, and schedule crisis.

Project Setup

1,750 SF colonial, $95K fixed-price, 14 weeks, 5 draws. Weeks 1-4 on track: SPI 1.05, CPI 1.00.

Triple Challenge at Week 5

Hidden sewer main ($6,200 CO), electrical sub abandons mid-project, combined 3-week delay threatens loan extension.

Resolution

Negotiate CO to $5,400. GC sources replacement electrician in 3 days. Fast-track + Saturday work recovers 4 days. Extend loan 2 weeks ($1,200). Total overrun: $7,800 (8.2%)—within contingency.

ChallengeActionCostSchedule
Sewer mainNegotiated CO+$5,4000 days
Sub abandonmentGC replacement+$1,200+7 days
Schedule crisisFast-track + Saturdays$0-4 days
Loan extensionNegotiated+$1,200N/A

Resolution summary

Optimization data: 4 metrics across 4 data points

Key Takeaways

  • Multiple challenges are common—the framework handles each.
  • Fast-tracking recovered 4 days without cost.
  • GC network enabled 3-day electrician replacement.
  • Total 8.2% overrun within 10% contingency.

Common Mistakes to Avoid

Escalating minor disagreements into confrontations

Consequence: Contractor becomes adversarial, work quality declines, and the relationship is damaged beyond repair

Correction: Address issues calmly by referencing the contract and SOW; focus on solutions rather than blame; document agreements in writing

Not having a termination clause in the contract

Consequence: No clear process for ending the relationship if the contractor underperforms, leading to protracted disputes

Correction: Include a termination-for-cause clause with specific triggers, notice requirements, and payment settlement procedures

Test Your Knowledge

1.What is the most common cause of contractor disputes on renovation projects?

2.What should an investor do when a contractor abandons a project mid-construction?