When building or renovating a business, choosing the right office construction company makes all the difference. These firms specialize in planning, designing, constructing and furnishing new or renovated projects from start to finish. They can be a great resource for businesses looking to optimize their operations, meet new operational standards, and/or increase employee productivity levels. They are also a valuable source of cost advantages when compared to working with multiple partners throughout the life of a project.
During the planning phase, office construction companies can help clients with budgeting, logistics planning, permitting, phasing, bid packaging, subcontractor pre-qualification and selection, and risk management. For larger public projects, they may also assist with stakeholder interviews and community meetings, as well as conduct environmental impact assessments and ADA compliance reviews. Additionally, many offer commercial furniture solutions for all areas of the project to ensure all aspects of the finished space are addressed and planned for from the beginning.
Once the project is in progress, construction management services are vital for keeping a project on schedule and under budget. They can also handle all aspects of the bidding process and manage day-to-day construction activities. Additionally, construction management services include quality control inspections and technical submittal review and approval. They can also handle RFIs, Requests for Change, and project meetings as needed.
Design and architectural firms are generally hired by the real estate developer or project owner to draw up plans that other construction companies will follow during the construction phase. They create schematic drawings that showcase the space, materials, and textures as well as 3D renderings to give owners a preview of the finished product. They can also work with engineers to make sure the internal structures like HVAC, plumbing and electrical systems, and exterior elements like parking lots are structurally sound.
Construction companies must have the capital or credit to fund their overhead and tools, equipment and supplies until they begin producing profit margins. They also need to be able to cover the cost of salaries and wages for their team members. They can use lines of credit to secure funding or work with a firm that offers project-based financing like Billd. This can save a construction company money because it does not put a blanket lien on the business and is more flexible than a traditional line of credit.
Developing and maintaining a financial management strategy is essential for any office construction company. This can be especially true when it comes to bidding on large projects. When the time comes to bid, it’s important for contractors to do their research and double or even triple check their estimates to ensure they are accurate. This will help them avoid being awarded a project that they won’t be able to complete because of an overestimated estimate. It’s also a good idea to review project costs regularly during construction so you can make mid-project adjustments to keep the job on budget. These reviews can also help you learn from past mistakes to prevent them from happening again in the future.