A commercial construction project can be far more complex, time-consuming, and capital intensive than residential/domestic projects. Likewise, they have higher chances of pitfalls leading to unexpected delays, legal disputes, budget constraints, and many other problems. If you’re already into such projects, then you must have an idea that one can’t afford failure of such high-profile projects. Therefore, understanding some frequent mistakes in commercial construction projects and having an idea of how to overcome these errors can help you save investment, time, and hassle. Here are some common mistakes that you must avoid to make your project a great success:
A Poorly Defined Scope of Commercial Construction Project
Businesses often lag behind in defining their project scopes well which is indication of an upcoming disaster. A well-defined project scope provides you with a complete roadmap to undertake your commercial construction project effectively. Before hitting first shovel on ground, you must have a detailed project scope outlining details of construction material, building design, time frame, and budgeting & costing.
It is advised to keep your commercial building contractor in loop, while outlining your project scope. Your architect will guide you through the process and ensure that you never miss any important detail related to the project. Don’t forget to bring everything in writing!
Miscommunication with Your Contractor
Whether it’s a high-end commercial construction project or any other business project, open and transparent communication is the key to success. If you hesitate to discuss minor details with your contractor, you might end up wasting a lot of time and money. Therefore, it’s extremely important to develop clear communication lines with your commercial building contractor.
Apart from initial meeting, it’s always a good idea to have regular follow-up meetings with your contractor to discuss the progress of project. By doing so, you can monitor the project and ask for any modifications beforehand. Never hesitate to ask your contractor if anything is disturbing you!
Miscalculations & Inaccurate Budgeting
People, in excitement of a new project, often underestimate the actual capital investment required by the project. This is a common mistake in commercial construction project which may lead to project failure because of unanticipated expenses. To avoid such situations, you should work out a detailed budget plan with your commercial contractor.
While considering your budget, always include contingency funds to deal with unfavorable conditions. Project cost may exceed your pre-planned budget due to inflation, labor shortage, or fluctuating market conditions. So, you must be prepared for such circumstances.
Non-Compliance with Legal Requirements
Ignoring legal requirements is getting common. People may do it intentionally to save some money, or new market entrants might not have an idea about such regulations. Well, if it’s to save money then you’re creating a huge trouble for yourself. By doing so, you will end up paying hefty fines which cost you much more than the initial permit cost. To avoid any delays and extra charges, you should consider and follow all the regulations before initiating your commercial construction project.
Why You Should Choose Blackstone Corporation?
Located in Rochester Hills, Michigan, Blackstone Corporation is a commercial general contractor company which can be a best fit for your building needs. Our team invests good time in understanding your project requirements and mapping out everything we need for the project. From project planning to completion of the project, we keep our clients in loop, updating them on every single step.
Choose Blackstone Corporation for your next commercial construction project, as we leave no stone unturned to ensure smooth completion of your project!
