Hidden Construction Costs from Poor Documentation
Definition
In construction document coordination, lack of comprehensive drawings causes builders to submit inaccurate tenders, leading to cost overruns once construction starts as details are figured out on-site.
Key Findings
- Financial Impact: AUD 20,000+ per renovation project in hidden costs
- Frequency: Per project, especially renovations
- Root Cause: Manual coordination between designers and architects resulting in incomplete specifications
Why This Matters
The Pitch: Interior design players in Australia 🇦🇺 waste AUD 20,000+ per project on hidden costs from poor documentation. Automation of document coordination eliminates tender inaccuracies and overruns.
Affected Stakeholders
Interior Designers, Architects, Builders, Project Managers
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Rework Costs from Documentation Errors
Delays from Tender and Contractor Selection
Budget Tracking Cost Overruns
Delayed Invoicing from Variance Errors
Poor Supplier Decisions from Visibility Gaps
Delayed Client Payments from Milestone Billing Errors
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