Inside the Strategies to Control Construction Costs

Los Angeles

The design-build construction model—a collaborative development strategy—has rapidly grown in popularity as a way to control rising construction costs. Within the design-build model, there are several strategies to reduce costs that can accumulate throughout the construction cycle.

“Cost-control is an essential part of design/build strategy, especially in today’s high-cost environment,” Barry Caylor, VP of business development at OTL, tells GlobeSt.com. “The most impactful strategy developers can implement to control cost is to bring in all consultants as early in the development process as possible. By ensuring that all entities are planning together from the beginning, the developer can avoid costly changes that arise when consultants join late in the process. Early collaborative planning allows the entire team to work together to determine exactly what is needed and in what order, which can save hundreds of thousands of dollars down the line.”