Just a few months after completing its $4 million purchase of the prominent Gateway Building in Hamburg, a northern New Jersey-based investment group is ready to proceed with a redevelopment plan.

Though roles may change during the life of a project, a plan for delegating communications duties must be crafted in advance.

In construction, time is money—but so is information. Waiting for invoices to arrive before tracking costs can leave even the most seasoned project managers blindsided. Projects can overrun budgets ...