Competent and effective project management is crucial to avoid these problems:
- Undertaking the wrong scope of work or having a contract that doesn’t properly outline the work you desired
- Hiring a bad contractor
- Blowing the (time) schedule, which could result in adverse consequences such as problems with tenants, etc.
- Poor workmanship
- Work that is not compliant with building, electrical, or plumbing codes or best practices
- Cost overruns
- Unfinished project
- Importantly, the best interests of the property owner are protected throughout the project
- Having an ally overseeing a project gives the owner more comfort when inevitable change orders occur