Nothing can go wrong in the construction industry, right?

By Bruce Firestone | Architecture

Jul 15

A client of mine asked me today about helping him sort through a very complex contract to fit up his new swim school.

Obviously, the construction industry is perfect, right?

Wrong.

Here’s what I wrote him:

This is scary for everyone.

The four major things that can often go wrong in this biz are:

1. Zoning/building permit/use issues,

2. Cost overruns and change orders,

3. Delays in completion and

4. Deficiencies in workmanship.

If the tech industry was like real estate, every time you leave home with your smartphone, you’d have three or four semitrailers full of knobs and tubes following you to make the thing work.

Can you send me some info in advance?

We’ll compare your three location options, the impact of a competitor entering the market and work through your construction contract with a view to at least anticipating and mitigating the worst of the problems you’ll encounter.

FOR REAL ESTATE INVESTMENT AND BUSINESS COACHING THAT’LL HELP YOU PROVIDE FOR YOURSELF AND YOUR FAMILY FOR 3-GENERATIONS, PLEASE CONTACT:

Bruce M Firestone, B Eng (civil), M Eng-Sci, PhD
Real Estate Investment and Business coach
Century 21 Explorer Realty Inc broker
Ottawa Senators founder
1-613-762-8884
bruce.firestone@century21.ca
twitter.com/ProfBruce
profbruce.tumblr.com/archive
brucemfirestone.com

-MAKING IMPOSSIBLE POSSIBLE
-FREEDOM VIA REAL ESTATE INVESTMENT AND PB4L, PERSONAL BUSINESS FOR LIFE
-FEHAJ, FOR EVERY HOME A JOB
-MAKE YOUR HOME WORK FOR YOU, INSTEAD OF YOU WORKING FOR IT
-HIGHER ROI NOT JUST FOR OWNERS AND INVESTORS, BUT FOR TENANTS, GUESTS, VISITORS, NEIGHBORHOODS, COMMUNITIES, TOWNS, VILLAGES, AND CITIES TOO

image source: By photo taken by flickr Paul Keheler – flickr, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=1613462

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About the Author

Bruce is an entrepreneur/real estate broker/developer/coach/urban guru/keynote speaker/Sens founder/novelist/columnist/peerless husband/dad.

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