Risk of Performance Bonds in Construction Contracts - e-Builder
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The Top 5 Strategies for Reducing Bond Risk

The typically tight budgets and accelerated schedules of public school construction projects leave little room for error, especially in the eyes of taxpayers who are highly sensitive to cost overruns. 
In fact, recent headlines in local papers point to a high degree of public mistrust of many school districts that have recently tried to get bonds approved. The fear of mismanagement is derived from poor performance of past bond programs. 
This eBook identifies the Top 5 Strategies that school districts are putting in place to address the risks of schedule delays and cost overruns, and achieving measurable cost reductions to fund more projects. 
The Top 5 Strategies include: 
  • Standardize Cost Controls 
  • Increase Transparency 
  • Standardize Business Processes 
  • Integrate with Financials Software 
  • Standardize Funding Source Management and Reporting Practices 

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