Employing an Owner’s Representative for capital projects offers many advantages that render the service indispensable. This article lists the top operational advantages of hiring an owner’s representative.
Fremont, CA: Employing an Owner’s Representative for capital projects offers many advantages that render the service indispensable. The owner reaps substantial benefits by enlisting a knowledgeable third party to oversee the project. Some of them are:
Cost Savings:
Hiring an owner’s representative is a highly effective method for companies to maintain control over expenses and avoid exceeding budgets on significant capital projects. A skilled owner’s representative knows how to establish practical budgets and timelines from the outset and oversee the project to ensure these objectives are met. Their impartial perspective, devoid of any financial interest in inflating costs for personal gain, is invaluable. The expertise of an Owner’s Representative offers many benefits, including scrutinizing invoices to prevent contractors from overcharging. Owner’s representatives meticulously handle change orders throughout the construction process to avoid unnecessary additions. Their primary focus is safeguarding the owner’s budget rather than maximizing profits, a potential conflict of interest that contractors or subcontractors may encounter.
Expertise:
Owners frequently need to gain the necessary skills for handling large capital projects. Even though they may be highly knowledgeable about their primary business activities, capital projects demand specific expertise in design, procurement, estimating, scheduling, and construction management. The majority of owners need to have these capabilities within their organization.
