06/30/2021 - Construction Costs

Cava Companies reviewed strategies to manage and control construction expenses. The team emphasized determining accurate, current build costs and assigning accountability to prevent overruns. The bid process was discussed, focusing on standardization and fair comparisons. Tracking mechanisms were highlighted as essential for monitoring budgets and catching discrepancies early. The group also stressed thorough preparation and preliminaries—including permits and documentation—to reduce surprises. Finally, the excavation phase was noted as a major early cost driver requiring careful planning and oversight.