In the fast-paced world of real estate development, maintaining timelines is critical when contractors cause delays. To get back on track:
- Reassess and adjust the project timeline realistically, considering current progress and obstacles.
- Communicate actively with contractors to understand the causes of delays and work collaboratively on solutions.
- Implement strict contract terms for future projects, including clear deadlines and penalties for overruns.
How do you handle setbacks in your real estate projects? Looking forward to learning from your experiences.