Career Advice - A Community Blog

Erik Larson writes about the job market, resume improvement, and career advice

How To Save Money When Constructing A Commercial Building

Written by Erik Larson, Community Blogger | Jul 31, 2017 5:49 PM

Constructing a commercial building involves huge investments in terms of time and money. Whether the building will house businesses, churches, sports centers or schools, following simple budgeting and financing rules will help you to complete the project without breaking the bank. Since there is always the possibility of the construction project going over the budget or beyond schedule, it is important to manage and monitor it. Failure to put in place the necessary measures will result in cost overruns, a factor that could undermine the quality of the building and jeopardize the construction project. This is one of the reasons why most people consider hiring a professional commercial construction company.

Involve your commercial construction contractor in the design process
If you want to save money when constructing a commercial building, you should involve your contractor in the design process. The expert will have a clear understanding of the code requirements in your area as well as knowledge of where to get construction materials at affordable prices. Working with the commercial contractor throughout the process will ensure that you do not damage either the timeline or the costs. If the project goes according to plan, you are likely to save a significant amount of money.

Thorough planning
Since you will be making a huge investment, you will need to plan thoroughly before undertaking the construction project. Proper planning will make it easy for you to make adjustments and changes before work begins. If you do not act in good time, making such changes is bound to be costly once the building has begun. A qualified and experienced architect will give you a realistic picture of what you should expect and help you in coming up with accurate estimates.

Proper timing
Extreme weather conditions such as heavy rains, snow and strong winds will work to delay construction works. The delays will stall the project, leading to higher costs. This is why it would be important to build at the right time of the year. Just like everything else, construction has a season. During the warmer summer months, most people will try to complete their buildings in readiness for the holidays, a factor that tends to push up the prices of construction. Considering these factors, carrying out the project in late winter or in the fall will save you a significant amount of money.

Determine what you want in good time
An important part of saving money when constructing a commercial building is identifying what you want in good time. You should be have an idea of what you want the building to look like, the purpose of the building, the size of the building as well as the special features you would like to be included. This will allow you to communicate your idea to your architect and commercial construction contractor. It will also help you to create a solid plan, come up with a budget, secure the necessary financing and avoid cost overruns.

Maintain an open line of communication
Clearly spelling out your specifications and expectations to everyone involved in the construction project will ensure that you stick to the original plan. When you are in constant touch with your contractor, any issues will be addressed in good time, a factor that will help in saving you money.

Consider prefabricated steel parts
Two major costs that you will incur when constructing a commercial building are related to time and costs. Since most commercial premises are steel buildings, using prefabricated steel parts will reduce the time and labor required to complete the project. In effect, prefabricated parts will help in saving you money. The parts will be made in the factory according to your specifications and needs before being shipped to the construction site.

Sourcing materials, equipment and furnishings from the right sources will guarantee quality and cost savings. Your commercial construction contractor can help you identify the best suppliers from whom you can buy cement, steel, sand, roofing materials, bricks and blocks as well as pipes and fittings. Regardless of the specific purpose for which you are constructing the commercial building, you should make both the interior and exterior aesthetically appealing. When it comes to the rooms, there is a wide range of commercial doors and bathroom partitions in the market that can help you add a modern and stylish touch to the building while saving on costs. This is why you should consider shopping around before settling on the products that will match your taste. 

As much as you may want to save money when constructing a commercial building, you must ensure that the structural integrity of the building is not compromised. If the quality of the building does not meet the required standards, the construction may cost you more in the long run.

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