Commercial building construction projects can be a huge undertaking, whether it is your first time or tenth time. If you have done commercial building construction projects before, then you know that each project is different with its own unique set of problems and hurdles to overcome. To help the newbie to the experienced, we have come up with three tips to help you have a successful and smooth project. Our top three tips are:
- Budget – The very first thing you will want to do is devise an accurate budget. This will be your starting point and will allow you to know if you have the financial backing or capital to complete the project. It is important to include a 5% to 10% contingency into your budget. Once you have your budget you can start contacting contractors.
- Contractor Delivery Methods- The delivery method the contractor uses will determine your degree of risk and responsibilities. Some common delivery methods are:
- Hard Bid
- Cost Plus
- Commercial Contractor – Selecting the right commercial contractor will be vital for your commercial building construction project. Make sure that the contractor has the necessary experience, communication, insurance, and time to complete your project. The contractor you choose should offer the delivery method that is best for your budget.
Once you have completed these three key steps you will be well on your way to starting your commercial building construction. Be sure to give us a call at Magnolia Construction LLC to discuss the details of your project and to get a free quote.