Anyone involved in constructing a business will tell you how frustrating and time-consuming it is. They may have encountered some nasty surprises or made a costly mistake. And it likely took a long time for the dust to settle and things to get back to normal once the mistakes are done.
It takes an army to operate things. And when it comes to constructing larger than life corporate buildings, the job becomes more tedious. The beautiful and mesmerizing building that you see while travelling requires huge planning.
Being such a massive and long process, mistakes are bound to happen. But there are some mistakes that can bring your huge loss and thus, must be avoided.
Let’s talk about these mistakes.
Mistakes To Avoid While Constructing Office Building
1. Not hiring professionals for constructability review
Before starting off anything, you need to ensure whether it is worth the effort and something that is achievable or not. This is what constructability review does.
It brings all the professionals that have different roles to play in the construction process under one roof so as to discuss different parameters of the construction and draft a plan that will lead to the ultimate success.
Constructability reviews at the early stage will make sure that the process will have zero errors and will be done within the desired period of time. Thus, skipping this step is a blunder that you must prevent.
2. Don’t crack a deal that make your regret
Instead of hiring a contractor in a hush-rush, do your proper research and make sure that you’re not getting fooled. Look what other contractors are charging for the same project and then decide whom to work with.
The contractor
you select may not really understand the scope of
work best, or have bid the project exactly as you’ve requested, or be the best fit for your project and this can bring trouble in your paradise.
So, be conscious about where you’re investing your hard-earned money.
3. Signing the lease way before it’s needed
There’s a right time for everything and doing right things and wrong time will take you nowhere. Similarly, signing the lease way before time will just make you regret it in the future.
Involving your project team before signing the lease will give you peace of mind, and help make sure you won’t regret the terms of your legal agreement.
Before rushing into a lease, you and your broker need to partner with some design and construction pros to really understand your workspace. Your design must be developed enough to give you a reasonable estimate of costs for your build-out.
Once you’re done with it then move forward with the leasing process.
Summary
Constructing an office building is a long term investment in terms of time and one of the biggest investments in terms of money and thus, you need to be on your toes from the very beginning of the project.
You need to
monitor everything so as to ensure that you’re getting the best results of your
money. So, avoid the above-mentioned mistakes and make sure that you get your
desired end-result.
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