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Managing Costs.(Column)

American School & University,  March, 2006  by Rydeen, James E.

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Byline: JAMES E. RYDEEN Cost overruns create problems, disappointment and frustration for education institutions. Generally, the culprit is mismanagement caused by lack of knowledge, planning, experience, follow-through or communication. Contributing factors: Overlooked budget items.

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Items added without adjusting the budget. Poor "wish-list" management. Inadequate educational specifications and space estimates. Incomplete contract documents. Unpredictable bidding climate. Unforeseen site conditions. Incompetent management ...

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