Many businesses choose to undertake intensive projects instead of building an entirely new facility. A business that does not the property to expand may decide to make use of the available space for more efficiency. This move is also made by businesses that want to grow but do not have enough finances for an entire building. If you are thinking of remodeling, use these tips for a successful commercial remodeling in Houston.
Look for a licensed construction company. A company should show you their license, proof of insurance with sufficient coverage for the planned project, and provide you a detailed list of completed projects and references. Avoid working with unlicensed personnel to ensure you remain on the right of the law. Licensed professionals are also required to follow specific protocols, which they rarely breach.
Insist that there is contact. Although it can be tempting to work on verbal terms only, it can have very serious repercussions later. For your sake and that of everybody, ensure that all terms, timelines, specifications, products, payment schedule, and everything else is put on paper. The contract should then be signed and validated before the commencement of the project.
Understand contractor delivery techniques. The contractors typically provide delivery techniques for completing your project. These techniques include cost-plus, hard bid, renovations, and remodeling. The techniques establish the level of risk and responsibilities between the contractor and yourself for the entire period of the project. Ensure that you fully understand the contractor as it can affect the final cost of the project.
Get the required permits and approvals. Ensure that you have all the requirements from the initial plan to the final inspection and issuance of a certificate of occupancy. Also, before you can turn over keys to the eventual owners and tenants, provide a walk-through to resolve any pending issues. Insurance companies and lenders also have their necessities, and everything should be put on paper.
Communicate on a regular with your commercial contractor. Communication is crucial for any successful construction project. Also, make decisions for any unforeseen circumstances and how they should be resolved. Talk with all stakeholders and commercial contractors regularly to avoid any surprises. You can also consider streamlining communications with a single-point-of-contact with your general contractor.
Establish a realistic completion date. Although it is common to want your construction to be completed quickly, expect it to take time. Any quality building takes time to pitch. Factors like weather, heavy equipment, and building inspectors determine the completion of construction, but any project takes time. Do not expect it to rush through as it can ruin the quality of work.
Before beginning this project, ensure you make a realistic budget to ensure that you have the finances to complete the project. Ensure that the budget is inclusive of all costs to be incurred, including fees for the land, associated costs, and construction of your commercial building. It is also recommended that you make a 5-10 percent contingency in the project budget. Ask your general contractor for a construction estimate to assist you in the budget.