Tips for a successful launch of your commercial construction project

If you are a business owner and you are about to hand over your commercial construction project to your general contractor or designer-builder, then be aware that there are several key elements that you should consider before doing so. . The following elements should be discussed and discussed in detail during the initial phase of the project. These discussions will help to create and maintain a good working relationship between the parties throughout the process.

DETERMINE A REALISTIC BUDGET FOR THE REALIZATION OF THE PROJECT

Before starting any commercial construction project, the budget allocated to it must be realistic and remain within the limits of the owner’s financing capacity. Providing a realistic budget will allow the homeowner to assess the feasibility of the project and ensure its financing, it can also serve as a selection criterion among several proposals for construction or site location. Once the budget is estimated, the owner must fix the date on which the project must be submitted. All contingencies must be taken into consideration to ensure that the project is delivered on time.

DEVELOP A BUILDING PLAN AND DISCUSS ALL ASPECTS

When a homeowner begins to plan his construction project, he will probably have a very clear vision of what his construction project should look like once completed. Before the project begins, it is important that the owner be satisfied that the project design team will meet their needs as well as the needs of all other parties who will benefit from the construction. Therefore, both design and functionality requirements should be discussed in detail during the design-build plan review. The owner has the right to require that the design team be well qualified in the type of construction to be undertaken.

DEFINE A FEASIBLE CONSTRUCTION SCHEDULE

The planning of the construction project is another very important element in this process. This is especially true when the owner has a final deadline to meet for the delivery of the project. A business owner may have essential functional requirements for its construction, be it requirements to provide space for a person or a situation where income generation from construction will be an urgent concern.

UNDERSTANDING THE RISKS OF THE PROJECT

One of the main reasons that a concise and well-established construction budget and schedule needs to be developed is to avoid the slightest risk that could put the construction project at risk. Regardless of the size of the project’s complexity, any construction project involves a certain level of risk. Being well repaired and flexible in communication throughout the process can greatly reduce the risk. The commercial contractor must ensure that the owner of the construction project has a clear understanding of all the potential risks to which his construction project may be exposed, as well as the parties responsible for the management of each of these risks.

EVALUATE YOUR LEVEL OF EXPERTISE

The final factor that needs to be addressed in the preliminary discussions is to determine how familiar the owner of the business is with the entire construction process. This familiarity may include the owner’s expertise, as well as the relevant internal resources. Once this level of expertise is determined, the contractor will have a clear understanding of the external resources that will need to be deployed during the course of the project. Such understanding between the parties can also carry out all stages of project implementation and within the foreseeable timeframe.

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