Protecting your investment, maximizing your return.
As for many of our clients, your building project may be the only one you will ever be involved with, and can represent the biggest financial decision of your life. Ellis project planners work closely with you to understand your resources and to develop a project that meets your needs within your means. Throughout your project, Ellis will strictly adhere to the budget, while achieving the fullest value for you.
Tight cost control is a critical component of any successful construction project. Every purchase order and subcontract agreement is tied to a cost code in our job costing system. Invoices from a material supplier or subcontractor are reviewed by the project manager and/or the superintendent for verification that materials have been delivered to the site in good condition, subcontractor’s work has been properly performed, etc. Our accounting software flags overcharges and any invoices that lack a current insurance certificate from the subcontractor. These procedures, along with the project manager’s review of invoices prior to payment, and our constant oversight of the project through our Procore® software, ensure that material suppliers and subcontractors are not overpaid.
Procore® is a registered trademark of Procore
Keeping a project’s budget on track is all about avoiding surprises and communicating. Weekly, the project manager and superintendent conduct a detailed job progress and cost review; the project manager and the principal-in-charge communicate monthly to share a comprehensive job-cost-to-date report. The budget is updated each month to show projected cost at completion.