For companies opting to build their own commercial facilities, many factors need to be considered to ensure the success of the project. A new build will require a significant investment in terms of money, as well as time and energy. Diligent planning, for all stages of construction, will help to limit cost overruns and establish a realistic timeline. Here are some tips to guide you in building your complex:
Assess All Your Needs
To successfully launch a construction project, first assess all your needs, according to a range of criteria. You need to consider the type of operations that go on in your business and the space required for your current production. Allow for additional space if you expect your business to grow. You will also need to determine your storage needs when it comes to materials, merchandise, equipment, and vehicles.
On this topic, your employees may be able to provide useful information. They could have suggestions for improving the efficiency of the business, while ensuring health and safety for everyone. Additionally, you will have to think about the needs of your customers. Does your customer need to travel by car to get to your business? Do you have enough parking spaces to meet the demand?
Each of these facets of your business need to be considered. Make a list of all of your requirements before meeting with a construction contractor. This will allow them to better advise you and guide you towards the solutions that best meet your requirements.
Identify the Precise Cost of Your Commercial Build
The cost of a commercial build is usually determined by your specific needs, as well as the size of your business. To avoid incurring additional costs by the end of the project, you must establish a detailed budget before starting the work. The construction companies you contact will provide a quote. It is especially important to read the contract carefully and to understand all the inclusion and exclusion clauses. Establish your limits without forgetting to add roughly 10% of the total amount of the project, for unforeseen circumstances.
Study Available Locations
The location you select for your new commercial building is critical. Several factors may influence your decision:
- The land is located in an area where there is a lot of pedestrian traffic or the land provides easy access by car.
- The property is located near your suppliers, which may reduce your production costs.
- The location is close to your workforce.
Before hurrying to choose a location, check the municipal laws concerning commercial buildings in the area. To get your building permit and then your business licence, you will need to follow building codes that generally address fire safety, structural soundness, and occupant health and safety. Some codes will also include accessibility regulations, for people with reduced mobility, and energy conservation standards.
Get Expert Advice
If you don’t think you have the skills to lead a construction project, consider hiring a general contractor to manage the work and help you with decision-making. Though this expense will cause a small cost increase, your project manager will take care of all project details, leaving you more time to focus on your business operations. Too often, companies neglect their customers during a new-build project, because management is busy overseeing the work. This is why it is important to make a realistic estimate of the time you can commit to working on construction, without affecting the company’s daily operations.
Plus, take the time to hire a professional and knowledgeable architect or designer. Don’t try to save at the start of the project; you could end up with poor use of space or significant cost overruns. And make sure to look into the construction contractors you contact. Check that they have experience in commercial construction and several client recommendations. You also need to verify whether they have a Régie du bâtiment du Québec licence and make sure that they have a clean record with the consumer protection bureau (Office de la protection du consommateur).
Take the time to plan your project properly and collect all relevant information so that you can make an informed decision. Time invested from the start could help avoid unforeseen expenses down the road.