The Secrets To A Successful Commercial Building Project - 11 Things You Need To Know To Get It Right

The Secrets To A Successful Commercial Building Project - 11 Things You Need To Know To Get It Right

21 Sep 2018

Commercial building projects represent a serious investment of time and money. Get it wrong and the results can be disastrous for your business, so getting it right is vital. There are no trial runs or dress rehearsals. Once things get going you’ve got to be prepared for whatever the project throws at you. Unforeseen problems like delays and budget overruns are common, so it’s important to make the right decisions and have a strategy in place so that you’re better equipped to see the project through and make it successful.

1. Consider Your Options

Commercial construction is a lengthy and complicated process, so you need to make sure that it’s definitely the right move for your business. If you don’t have the in-house expertise to do this, then getting outside advice is a good idea.

If you’ve decided that other options like renting more space or purchasing another building aren’t appropriate, then you’ll need to enlist the right team of people (Architects, Builders, Engineers and Interior Designers) that will be able to find the solution that’s right for you. You’ll also need to factor in future growth and make sure that you won’t outgrow your new building too quickly.

2. Make Accurate Projections

Getting good financial advice early on is crucial. You’ll need to know how much money you’ll need to finish the project and what the best financing solutions are for you, as every business is different in this regard. It also helps to have a solid business plan in place so that you can make accurate revenue predictions and ensure that your building project won’t harm your company’s financial health.

3. Get Your Permits In Order

Building without a permit is not an option, so getting them in order early on is essential. Rules can vary greatly depending on what and where you’re building, so it really pays to do your homework.

4. Find A Good Architect Or Designer

Don’t be deterred by the high cost of hiring a skilled architect. Any savings you think you’re making by saving in this area will quickly be lost to problems during construction and in an inefficient use of space. Good commercial buildings need to be both functional and efficient, so make sure you hire someone who has the experience to deliver what you need. EMCO Building can provide advice on the right team or even handle the full design process under a D & C proposal.

5. Be Realistic About Your Involvement

How much time do you have to devote to the project? Will it distract you from your work and cause you to lose business? Do you have the skills and expertise to manage a project like this? If you ask yourself these questions and don’t have the right answers, hiring an experienced professional can help you successfully complete the project while allowing you to give equal attention to the well-being of your company. You may find ‘Early Contractor Involvement’ a real benefit as you get the practical building knowledge at the time you are doing the design.

6. Do Your Costings

Getting your up-front costings right is vital. Get advice on assessing costs and budgets if you need to and make sure you’re getting a fair price per square metre. Be wary of quotes that seem too good to be true - they very often are! At EMCO Building we often assist our client with indicative early stage budgets.

7. Have A Contingency Plan

It’s not always possible to predict costs, so make sure you have a contingency plan representing 5% to 10% of the total project cost in place to cover any overruns.

8. Choose The Right Contractor

This decision will make or break your commercial build. When looking for a contractor, don’t just consider the quoted price. Make sure that they’re fully licensed, financially stable and willing to provide guarantees on the work and references from past projects. It’s important that you choose someone that you feel listens to you and has the experience to deliver what you need. Here at EMCO Building we have a wealth of experience working with Clients and the design team to deliver real value for money.

9. Avoid Last Minute Changes

Hasty, last minute decisions can cause delays and cost overruns. Work closely with your architect or designer, come up with a solid plan and stick to it.

10. Know The Roles Of Your Team

Commercial builds involve a big team, so it’s important that you know who everyone is and what their roles and responsibilities are. This includes the owner (you), the Architect, the Engineer, the Main Contractor, Subcontractors, Suppliers and the government body overseeing and inspecting the project.

11. Good Conflict Resolution

Commercial building projects are never a completely smooth ride, so it’s important that you have a clear method of resolving any disputes that should arise. The first step is being aware of everyone’s roles and responsibilities are under the building contract. It’s also vital to have open, effective lines of communication so that important information can be passed onto the relevant people efficiently.

As you can see, a successful commercial building project requires a lot of planning, knowledge and expertise to execute successfully. As one of WA’s most trusted and experienced building companies, EMCO Building can help make the whole process as easy as possible. We pride ourselves on completing successful projects that deliver our clients well designed, functional spaces that are perfectly suited to their business’s needs. If you have an upcoming project and need a safe pair of hands to help you get the job done then give us a call today.

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