You start the project by tearing out the existing flooring. And you discover mold in the floorboards. Then you tear out drywall. And you discover old wiring that violates the current building code. Later, your prized granite countertops are delivered. You slip while carrying a slab, breaking it in two. Just like that, your estimate goes up in flames. You are on your way to a major cost overrun. Maybe you think I’m being unreasonable with this illustration. After all, each of the nasty surprises I imagined is unlikely. That is true. But even with a project as simple as a kitchen renovation, the
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