Each commercial project comes with its unique challenges. Even buildings with identical designs will have different problems with site preparation, sourcing for materials, labor, etc. A commercial construction project is a huge undertaking requiring good skills and experience in construction project management. Success also hinges a lot on financing to smoothen the huge expenses in materials, labor, and site management. The biggest driving factor in the success of a commercial construction project is the construction contractor. What can you do to guarantee the success of a commercial construction project?
Plan the Budget Properly
The first step is to do a comprehensive budget for the project. This budget should cover everything from site preparation to buying materials to the final coat of paint. A new commercial construction project also comes with extra costs for architectural design, permits, licenses, and so on.
Even a commercial remodeling project comes with unique challenges, especially for large premises. Proper budgeting needs the input of financial professionals. There are specialized construction finance professionals to help with budgeting.
Agree on Construction Delivery
There are different ways of construction project delivery; design and build, hard bid, and costs plus. The delivery method depends on the type of construction. For example, commercial remodeling contractors can ask for costs plus renovations or remodeling if you are doing renovations.
Getting the construction delivery right is crucial because it establishes the level of project risk and the duties and responsibilities of all parties involved in the project.
Pick a Proper Commercial Construction Contractor
Your contractor choice can make or break the project. The ideal commercial construction contractor should have the skills, experience, and networks to mobilize the necessary resources. These networks should include the necessary sub-contractors to complete the project.
The best way to pick a contractor is to make a public Request For Proposal for bids. You should have a construction consultancy scrutinize the bids to shortlist prospective candidates. A round of interviews in which the contractors present their ideas gives the best candidate.
Agree and Sign on Project Details
You must draft an agreement project outlining the expected project timeline. Your agreement should draw on the project delivery method, which outlines different expectations of different parties. The contractor might ask for tweaking of the document to make provisions for resource mobilization and other unexpected happenings, including weather conditions.
Are you looking for ways to improve the chances of success for your commercial construction project? Talk to a commercial construction contractor about your project ideas.