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October 2023 Component Manufacturing Advertiser Magazine

Page 92

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Component Manufacturing dverti$ dverti $ er

Don’t Forget! You Saw it in the

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October 2023 #15291 Page #92

Building Your Own Home – Part VIII Moving Inside and Cash Flow By Thomas McAnally TheJobLine.com

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s construction moves forward, the focus shifts from the exterior to the interior, making it harder to track progress from the outside. However, there’s still important work ahead. Tasks like leveling the surrounding area and ensuring proper grading away from the house are crucial. We’re also working on finishing the driveway and utility systems. We completed a significant portion of the septic work when we built the barn to service the RV. Now that the tank is in place at the house and all the connecting lines are ready, we can move forward and meet the requirements for a construction loan advance. Managing schedules in construction is no easy task, and unexpected delays can throw a wrench into our plans. For instance, the drywall company’s project manager made an error with the delivery date, which could have caused a month-long setback due to their supplier’s prior commitments. To avoid this, the company owner took charge, starting the project earlier than planned and sourcing materials from an alternative supplier, ensuring they arrived the next day and preventing a three-week delay. A similar situation unfolded with the hardwood flooring subcontractor. Missed deliveries and delays occurred due to a lack of follow-up by the buyer. To resolve this, they secured a better flooring supplier and opted for a higher-quality hardwood, which was transported from Minnesota to Indianapolis LTL, and from Indianapolis to the site by the owner the next day. This saved all but one week of a potential four-week delay. As the hardwood flooring adapts to the climate-controlled environment inside the house, the cabinet maker and trim supplier now have stain color samples, resolving two major concerns and preventing two possible issues. Continued next page

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