Business

5 Tips for Keeping Your Construction Project on Schedule

Published

2 years ago

January 18, 2023

Construction projects are known for getting behind schedule. In fact, McKinsey & Company reports that large projects across asset classes typically take 20% longer than planned and are up to 80 percent over budget.

There are many things that can delay a construction project: bad weather, supply chain issues, faulty workmanship, overbooked crews, and more.

But it doesn’t have to be that way. To keep your construction project on schedule, here are five things you can do:

Review construction plans

Before you break ground, it’s important to review construction plans. These include the scope of work, construction drawings, and other project documents.

Make sure you and all your subcontractors review them so that everyone is on the same page. If there are any questions, be sure to answer them.

Then have everyone sign a written contract outlining their responsibility and deadlines. When it’s all in the contract, things are more likely to stay on schedule.

Create a master schedule

Create a master schedule for everyone to see. Break the project down into phases and put tasks and assignments into the proper sequence.

The master schedule gives everyone visibility into what stage the construction project is currently at. For example, it can help painters know when the insulation has been installed so they know when the walls are ready for them to paint.

Communicate and collaborate

Next, you need to establish standard forms of communication, whether that be by text message, email, or some other method. Determining how information will be communicated is critical in avoiding confusion and disputes later on.

Good communication needs to be built on trust and respect for all team members. Everyone should have access to project updates so they stay in the loop. To prevent unnecessary delays, an open door policy with project managers is best.

Monitor and document progress

Unfortunately, projects rarely adhere to schedule 100% of the time. Chances are you will need to make minor adjustments here and there, and that’s okay.

The key is to closely monitor a project’s progress so you can quickly get back on schedule. One way to do this is to create daily reports on milestones hit. That way, everyone knows where the project currently sits.

Another way to monitor and document construction progresss is to use construction enterprise asset management (EAM) software. It allows you to input project updates and easily disseminate them across your team. But that’s just one feature of construction EAM software. It can also help you:

Meet construction industry safety and compliance requirements
Increase revenue and profitability
Reduce costs and capital requirements
Prevent equipment breakdowns
Maintain optimum parts inventories
And optimize project budgets

When it comes to construction project management, construction EAM software has you covered.

Make contingency plans

Lastly, it’s important to have a plan B (and C and D) if things don’t go according to plan.

For example, your construction project might be delayed by a storm or supply chain issues. In this case, you may want to alter the construction schedule or assign overtime to make up for lost time.

Keep a close eye on progress reports to manage risks and delays and find creative ways to minimize and make up for them.

The bottom line

Despite most construction projects getting delayed, you can still finish yours on time.

By reviewing construction plans, creating a master schedule, communicating and collaborating, monitoring and documenting progress, and making contingency plans, you can mitigate the threat of delays and even finish ahead of schedule.

The key is to have a proactive mindset. With good planning and prevention, you’ll be ahead of the game.

Business

13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

Published

3 hours ago

April 23, 2025

Matthew Wiles

As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website.

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures.

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.