by: Georgia HartinPublished on: 16/02/2026A $1.5 million project with a 15% cost overrun hurts just as much, proportionally, as a $60 million project with the same blowout. Yet small-scale developments are routinely delivered without the structured governance that protects capital on larger projects. This article identifies the six most common governance gaps in sub-$5 million developments, explains the real-world consequences of each, and sets out what institutional-grade project management looks like when applied at smaller scale. It also includes a practical checklist and a set of questions every capital partner should ask a developer before committing a single dollar.
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