Construction Pricing Reviews: A Guide for Architects

In this episode of What The RFI, Matt Brennan dives deep into the intricacies of construction administration, focusing on the critical aspect of pricing. He shares personal anecdotes, particularly about his experience buying a vehicle, to illustrate the importance of understanding costs and reviewing pricing diligently. The conversation covers various topics, including change orders, pricing requests, the necessity of involving the right teams for pricing reviews, and the significance of comparing pricing across different projects. Matt emphasizes the need for due diligence, tracking outstanding requests, and the importance of building long-term relationships with clients through careful financial management.TakeawaysUnderstanding the pricing process is crucial in construction administration.Change orders can arise from various scenarios, including RFIs and site instructions.It's essential to track the days that pricing requests are outstanding.Involving the right teams is key to accurate pricing reviews.Comparing pricing across different projects can provide valuable insights.Due diligence in reviewing pricing can save owners significant costs.Cash allowances must be handled carefully to avoid overcharging.Finalizing change orders requires attention to detail and proper documentation.Building long-term relationships with owners is vital for future projects.Investing time in upfront planning can prevent costly changes later.Chapters00:00 - Introduction to Construction Administration and Pricing02:02 - Understanding Change Orders and Pricing Requests06:12 - Reviewing Pricing and Involving the Right Teams09:47 - Comparing Pricing Across Projects13:57 - Finalizing Change Orders and Cash Allowances18:02 - Best Practices for Pricing and Project Management#construction #architecture #podcastSupport the show🎙️Website - WhattheRFI.com🍏Apple Podcast - What the RFI? 🎧Spotify - What the RFI? 🎥YouTube - @WhatTheRFI