Planning for successful commercial building constructions may be overwhelming for most people, especially if it’s their first time. There’s no doubt that it involves numerous tasks to accomplish, but the project’s success highly depends on several crucial factors from planning to execution.
What Is Commercial Construction?
Commercial construction projects refer to private constructions involving building business structures for profit gain. This industry covers a range of construction projects. Some of the most common commercial building constructions are retail and grocery stores, shopping malls, restaurants, hotels, lodges, and even medical facilities and universities. Not all contractors specialize in all of these. So before hiring one, you must determine the specific industries they serve and their extensive knowledge in project development, commercial constructions, and the like.
5 Steps to Planning a Successful Commercial Building Construction
1. Plan Your Construction Budget
Before starting a project, the most crucial factor would be the budget. One of the major reasons why construction projects fail is poor cost evaluation. To avoid it from happening, you must allocate a budget that will suffice the labor costs, construction materials, and all the fees you will need to cover to complete your building. Allotting around 5-10% of your budget as a contingency fund is an excellent practice in case anything happens budget-wise.
2. Choose the Right Commercial Construction Contractor
When you have decided on a budget, you must choose the right contractor for your project. Some contractors may only specialize in some sectors, while others cater to any construction project. So before hiring one, you must understand their knowledge and capabilities because you wouldn’t want your project to go down the drain with incompetent contractors. Keep in mind that your contractor is one of the most significant factors that can lead your project to success.
3. Work Out a Plan
Even though your contractor can handle the construction planning, you must work with them closely to ensure that they can put your needs or ideas into place the way they should be. Usually, you will work with the designer in creating your desired building, and you may end up with more than one draft until you achieve the perfect design you want.
4. Establish a Realistic Project Completion Date
Many building owners want their commercial projects to be completed as soon as possible. However, commercial building constructions take time to finish due to numerous factors, including large and heavy equipment, local permits, inspectors, and more. Also, you cannot expect a smooth sailing project all the time, especially if there are various factors you cannot control that may affect your deadline, like the weather. Establishing a realistic completion date is important because the standard of workmanship and the durability of the building may be compromised if you rush everything to meet an unrealistic deadline.
5. Have Clear, Constant Communication with Your Contractor
Effective communication is key to successful commercial building construction. You don’t want to encounter surprises along the way, especially if there are circumstances that may need your intervention to prevent major problems. One of the most effective methods you can do to communicate effectively with your contractor is having a single point of contact (SPOC).
Start Your Commercial Building Construction with The Vision Group
The Vision Group is the leading commercial construction firm in Florida, with over two decades of experience. Our professional and competent team makes sure that your commercial building constructions are within the highest standards. Schedule an appointment with The Vision Group, and let us talk about your commercial building project ideas in Florida. We’ll make your vision come to life.