Commercial construction management ensures that the planning, coordination, and construction during a building project go to plan. Whether you’re looking to become a commercial property owner for the first time or you need to manage a construction crew for maintenance on your property, commercial construction management is something that you’ll likely use during the process.
Today, we will look at what construction management companies can assist with and how they may benefit you in the future.
What We’ll Cover:
- A brief intro to commercial construction management
- Cost management
- Quality control
- Time management
- How to save time and money
What Does Commercial Construction Management Include?
A portfolio in commercial construction management includes commercial properties, such as offices, malls, and shops. Commercial realtors with this specialty can plan, execute, and coordinate your next project, whether a new real estate construction project or maintenance of your existing investment.
Recently, commercial construction has been in high demand across the country, and no two projects are the same. Categories for extended construction services are the size of the project, including small, medium, and large-scale projects.
Top 5 Advantages of Commercial Construction Management
Regarding real estate construction and maintenance, we always recommend working with a company specializing in commercial properties. They’ll understand the unique challenges of this type of construction and ensure your property meets all local and national standards.
These companies may also save you money in the long run. They often have a relationship with general commercial contractors, who may assist with the materials needed for your project. The project manager will work with you to maximize your budget and ensure everything stays on track throughout your time.
Many different elements working with a company could offer you regarding commercial management. The project or construction manager will take the pressure out of your hands. They can take responsibility for many elements of the project themselves. Let’s look at a few of the key responsibilities within commercial construction management.
1) Cost Management
No two projects are the same in their budget and expectations. As a result, the project manager will work with your budget to control the costs. They will be responsible for planning and estimating the overall cost of the work you need to do.
Real estate management companies will advise you whether your budget is realistic. This estimate should include labor costs, supply costs, and a timeframe. You can read our complete guide on commercial construction loans to learn more.
2) Quality Control
Quality management is another key consideration when working with a construction management company. The quality of the work will often impact your future profits for your investment, so you want to work with a company with a good reputation in your local area. They should always meet local standards to have no issues with your property in the future.
Commercial general contractors are very experienced in this type of real estate construction. Just be aware that maintenance and construction require different knowledge than general construction management.
Are you looking to develop a commercial construction plan?
3) Time Management
Especially if you are looking to use a commercial construction company for maintenance, you likely have a very tight deadline. Time management is an area of concern for many individuals looking for extended construction services. As such, they’ll need to keep your due date in mind.
Project management will ensure the project stays on track and offer you regular updates, especially if any delays occur. They’ll plan and delegate tasks to ensure your real estate construction remains on schedule.
Following the local construction codes in your area is critical for a safe building project. Working with a commercial construction management company can take that pressure away from you.
The company you are working with has experience dealing with these regulations. They should ensure that all general contractors and commercial realtors follow these regulations and have the required insurance.
One of the top concerns when undergoing extended construction services is ensuring good communication. The project manager, commercial realtor, and building owner should all be on the same page. You’ll want to try and find extended construction services which will frequently update you on the status of your project and keep you in the loop at all times.
When considering working with a company, make sure you begin by asking any questions you have and clarifying anything that seems unclear. The team should continually document their progress, which they can send you regularly throughout the project. When communication breaks down between you and the project manager, delays or issues could ensue.
Save Time & Money With Commercial Construction Management
You can probably already tell that working with a commercial construction management company has many great benefits. Construction can be intimidating if you have little to no experience with real estate construction. Investing in commercial property can also be daunting if it’s your first time working with general contractors.
A commercial construction management company will work with you to understand any challenges and regulations. They’ll be able to guide you through your next building or maintenance project and take full control of your extended construction services.
Commercial construction management helps anyone invest in commercial real estate or maintain an existing property. We recommend researching companies in your local area and discussing your needs and expectations before getting started.
Communication is vital for any commercial construction project’s success. We encourage you to be involved as much as possible with the process to ensure it stays on track. This expertise will be extremely valuable whether you’re new to commercial real estate or looking for maintenance.
Contact us today for a free commercial construction consultation!
About NAI Glickman Kovago & Jacobs
As the leading commercial realtors in Worcester, MA, NAI Glickman Kovago & Jacobs focuses on commercial property listings. We have an award-winning restaurant, retail, office, industrial, multifamily, and medical real estate management record.
We can also assist with land acquisition and development as a commercial brokerage. Our deep local knowledge comes from decades of business partnerships with general contractors and key community vendors. Whether you’re buying, selling, or leasing, we can find the right property to fit your needs.
Contact us today if you need help finding commercial property for sale, brokerage, commercial construction, or property management services in Worcester, MA. You can also follow us on Facebook, Instagram, and LinkedIn for more updates about our rental manager services in Worcester, MA.