Guides

Having a clear vision and execution gets the owner to the final phase of the construction process. What remains at the end of this construction cycle is an effective project closure to ensure successful delivery. Due to the enormity and complexity of a construction project, the enthusiasm with which it began often fades by the time it nears completion. As per KPMG’s Global Construction Project Owner’s survey, only 25% of construction projects finish on time and within budget.
This guide discusses the following in detail:
- Types of closeout
- Project closeout challenges
- Project closeout checklist
- Best practices to succeed in project closeout management
Project closeout is the last mile of a long marathon. Having the right strategy, mindset, and processes in place can alleviate the challenges of closeout and avoid a mad dash to the finish line. Integrating smart workflows and managing communications effectively will help owners gain greater control over outcomes.
