A recent study has shown that by 2050, commercial building floor space will boost by 39%, which is a 36% increase after 2018 — providing a unique financial opportunity for commercial developers and builders. However, to ensure-term positive profit margins during the best commercial construction materials in Assam, developers and builders look for careful planning and preparation before commencing construction.
In this segment, we have brought the. Top 7 tips project managers and building owners should remember before building a commercial building. This will help manage initial and long-term expenses and maintain the value of commercial property preserved for long-term investment.
Seven vital considerations before commencing a commercial building project:
1. Size Matters
Determining the parameter of building design, such as spans, heights and dimensions, will dictate the further structure requirements and building materials.
2. Build with the future in mind
To reduce operational costs for the building owner and bring resiliency, reducing maintenance, the proper selection of the best commercial construction materials in Assam for the building envelope in the design phase is critical.
3. Keep a budget for unexpected expenses.
To avoid crossing the budget, developers and contractors of commercial buildings must prepare an expense list that mentions a section of budget funding allocated for unexpected expenses. Developers should add 5–10% of the financing in case of unforeseen costs during the building process.
4. Get permits & early financing.
Commercial building developers should get building permits and early financing during the early planning stage. Developers should also avoid costly delays by providing the contractor with the properlicenses and funds before the commencement of the construction.
5. Hire top contractor and architect
The success of any commercial building project is proportional to selecting the most experienced and qualified contractor and architect. However, when you are making your choice, ensure to keep the following points in your mind:
- Commercial building developers should pick architects and contractors with good experience in building and designing commercial buildings
- Check for all the legal registration of contractor’s licenses according to government laws
- Enquire an architect or contractor for a list of references from previous clients, and take your time to inspect their previously completed work thoroughly.
- Pick architects and contractors with ample knowledge and experience with current construction methods.
- Commercial architects and contractors must understand the current laws and codes in the construction industry.
6. Communication
The success of commercial building construction is based on clear communication between the team, developers, project managers, contractors, subcontractors, architects, designers and product manufacturers. Project managers and developers should take their time before the commencement of the construction and establish a good bridge of communication among the whole team.
7. Reduced Construction Time
During the design phase, use proper construction techniques to reduce the construction time during the building process. Reduced construction time will decrease the interest that business owners pay on the construction loan, lessen the labour costs and allows the business to achieve early occupancy, getting to proceed with earning money to pay off the investment.
