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Thursday, June 18, 2009
Thursday, June 11, 2009
Contingency Plan, Contingency Fund
Planning is an important element in bringing success in a renovation project, but as what the quotation says “expect the unexpected”, there comes instances where even the best planned strategies and techniques does not work as what it is expected to be.
Acquainting everyone about the real scope of renovation, the project deals with architectural restructuring and redesigning. Every part of the project requires a definite monetary designation. Sometimes, the plans work but that’s not the usual case. Because of unexpected occurrences, all of the sudden, the plan goes another way. If these cases happen, is there such thing as “first aid” in renovation?
The question may be projected as a jerky joke, but if you would look at it deeper point of view, it applies to real architectural latitude. “If you cannot go through the door, go through the window”, a humorous excerpt which suggest that there are always an alternative solution to get out of every entanglement.
Contingency Planning and Contingency fund are two important things that every professional developer should put into a big consideration. Anticipating unexpected occurrences and having some back up plans is ideal in renovation, this is for the fact that cannot control everything. For example a natural circumstance like storm causes delay for your renovation project and sometimes this delays becomes worse because the developer does not know what do in incidence like that. The set back requires another back up, and that is in monetary terms; Contingency Fund.
Contingency Fund is not intended to overspend. Contingency funding works to deliberate and to resolve any budget-related effects of unexpected happenings. The given alternative solutions are all set to bring success in your renovation projects.
Acquainting everyone about the real scope of renovation, the project deals with architectural restructuring and redesigning. Every part of the project requires a definite monetary designation. Sometimes, the plans work but that’s not the usual case. Because of unexpected occurrences, all of the sudden, the plan goes another way. If these cases happen, is there such thing as “first aid” in renovation?
The question may be projected as a jerky joke, but if you would look at it deeper point of view, it applies to real architectural latitude. “If you cannot go through the door, go through the window”, a humorous excerpt which suggest that there are always an alternative solution to get out of every entanglement.
Contingency Planning and Contingency fund are two important things that every professional developer should put into a big consideration. Anticipating unexpected occurrences and having some back up plans is ideal in renovation, this is for the fact that cannot control everything. For example a natural circumstance like storm causes delay for your renovation project and sometimes this delays becomes worse because the developer does not know what do in incidence like that. The set back requires another back up, and that is in monetary terms; Contingency Fund.
Contingency Fund is not intended to overspend. Contingency funding works to deliberate and to resolve any budget-related effects of unexpected happenings. The given alternative solutions are all set to bring success in your renovation projects.
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