Tips For Successfully Managing A Commercial Construction Project
The commercial construction industry continues to grow every year, which is a promising sign for construction companies looking to expand their portfolios. There's no shortage of available commercial construction projects that pose more complex and specialized challenges than a residential build does. For this reason, it's essential that a commercial construction company knows how to successfully manage any new job that arises. These tips will help you effectively plan and execute the next commercial construction project that you are contracted to complete.
1) Plan and stick to a realistic schedule.
One important aspect of managing a commercial construction project is planning the timeline that you'll need to adhere to from start to finish. All target dates should be realistic. Be sure to consider every step in the process when you form your schedule. For example, calculate separate timelines for each phase, including the design stage, material procurement, actual construction, and project closeout. The property owner may give you a deadline in which to complete the work, or you can create a schedule on your own that matches the needs of all parties involved. No matter how you set the timing, it's crucial that you stick to the plan. Staying on track will help your project run smoothly and keep your client satisfied.
2) Understand your budget.
While it's difficult to predict every single cost that could emerge during a commercial construction project, there are some common things that you should consider when configuring your budget. A building with very intricate design elements (such as a high-rise apartment complex) needs more materials with increased costs, whereas a simpler commercial structure (like a one-story shop) will have less expensive requirements. Along with the specific architecture and costs of materials for your project, think about labor as well. For instance, highly-skilled workers should be hired for particularly elaborate plans, but that also means that you'll need to afford better pay rates for those advanced technicians. Additionally, don't forget to add in the price of permits and licenses as necessary. Be sure to look at the big picture of your project to avoid omitting any important or unexpected costs.
3) Ensure that you have an extremely organized documentation system.
You must maintain an organized system for relevant documents throughout your commercial construction project for the best chance of success. Make sure that you have all official records, contracts, and permits lined up to meet compliance standards. Properly managing your records will also help your team meet safety regulations by having protocols handy for workers to access at any time. Ultimately, poor documentation can lead to efficiency problems, time delays, and dispute risks.
To ensure that your commercial construction project is a positive process, be sure to adequately manage your time, costs, and organizational system. Contact a commercial construction service for more information.