Construction projects require careful planning and cost estimation to ensure they are profitable investments for business owners. One crucial aspect of creating an accurate construction cost estimate is understanding the difference between hard and soft costs in construction.
Your commercial building is one of the biggest investments you’ll make for your business. The best way to get a return on your investment is to keep your commercial building in peak condition. Below, we highlight four reasons why building maintenance is the key to the success of your business and why you shouldn’t wait to implement a preventive maintenance plan. After all, your building is a valuable asset that should aid in the overall success of your business, not hinder it.
There are many factors and decisions that need to be considered before buying land for a new business building. The right plot of land can help ensure success and growth in the years ahead while making an unwise choice can cripple even the most promising businesses.
You’re a project owner. You’ve considered all the key cost factors for your prospective commercial project, including building size and material costs. You’ve done research on other projects and buildings similar to yours and think you have a good idea of the cost of your commercial project.
I was recently invited to meet with a prospect who is looking for a build-out of a commercial space in Northeast Wisconsin. When I arrived, the owner was meeting with another commercial construction contractor who had also been invited to do a walk-through and discuss the impending project. I soon found out another contractor would be walking in my same footsteps just a couple of hours later. The owner was doing what he thought was best—getting three bids for his commercial construction project. This has been a standard practice for decades among owners who feel that, in order to get the best deal on their construction project, they should create competition among contractors. They believe this will allow them to leverage the three bids to their advantage. Here is why getting three bids is the worst thing you could do:
Constructing a new manufacturing plant or expanding your current facility can be an exciting and sometimes frustrating process. There are plenty of challenges that can arise along the way, so it’s a good idea to be as prepared as possible. It is helpful to have a fairly good understanding of the different steps required to plan and manage your construction project—steps that lead up to you being handed the keys and the O&M manuals.
It may be tempting to put off a renovation or expansion project due to the cost, effort, and inconvenience it may cause. However, delaying a much-needed update to your commercial building can be holding your business back and limiting potential revenue, customers, or quality employees.
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A.C.E. Building Service offers design/build commercial and industrial construction services throughout Northeast Wisconsin and is the exclusive Butler Builder for the lakeshore from Sheboygan to Door County.