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Track 04 · 5 lessons

Change management

From a hidden condition in the field to a signed, priced, billed change: change events, PCOs, change orders, pricing and markup vs margin.

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Lessons

  1. Lesson 1 · doneChange events: log it before you know the price A change event captures anything that might change scope, cost or time, the moment it is found. Why early logging protects margin.Do it: explainer
  2. Lesson 2 · doneFrom PCO to executed change order Potential change order, change order request, executed change order and construction change directive: the path to a signed change.Do it: template
  3. Lesson 3 · donePricing a change order Direct cost, overhead and profit on self-performed work, tiered markup on subs, insurance and bond: how a change order is priced and reviewed.Do it: calculator
  4. Lesson 4 · doneMarkup vs margin Markup is a percentage of cost, margin is a percentage of price. Why 20% markup is not 20% margin, and how to price from a target margin.Do it: calculator
  5. Lesson 5 · doneClosing the loop: budget, commitment, bill An executed change order is not done until the budget, the sub commitment, the SOV and the WIP all reflect it. Running a change order log.Do it: template

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os.construction · LearnTrack 04

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completed Change management in Construction finance, from field to ledger.

  • Change events: log it before you know the price
  • From PCO to executed change order
  • Pricing a change order
  • Markup vs margin
  • Closing the loop: budget, commitment, bill

Not yet complete · Self-paced learning record, not an accredited certification.

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