Commercial real estate can be extremely profitable for everyone involved in a project. Being able to ensure that a contractor will have work for years provides security all business owners yearn for. The tough aspect of commercial real estate is keeping the project on track. The last thing anyone wants is to miss a deadline by months due to unforeseen circumstances. Taking a proactive approach to this will take giving a realistic deadline rather than what the clients want to hear. Setting an unrealistic deadline can be a disaster and can lose a potential client permanently. The following are tips to keep a large commercial real estate project on track.
Pick Trusted Contractors
A huge project is not the time where you want to try out new contractors. You will know the quality of work that is provided by those that you have worked with before. Even if it costs a little more, you want to make sure the project goes smoothly. These contractors need to be licensed and insured as you do not want the client to be liable in case of an accident.
Use a Project Management Software
Project management software is going to be of the utmost importance during this project. You need to have all of the contractors and subcontractors involved in the project utilizing this software. This can allow for bottlenecks to be found and certain aspects of the project to be moved up if needed. There might be some resistance to using the software but it is essential. Keeping a project on track is far easier when everyone is updating their statuses on what needs to be done. Use a software that is created for construction projects as they are plentiful.
Plan for Holidays
There is going to be a slowdown for major holidays that need to be accounted for. Planning to finish certain aspects of the project before the holidays is a great strategy. The last thing that you want is to be on track for the entire project only to be derailed by the holiday season. Even the best contractors could lose employees during this time and it is a popular time to use PTO. Asking contractors about holiday available
Get Fuel Delivered to the Site
There is likely going to be parts of the land that need to be leveled and cleared. Getting off-road diesel delivery to the build is important when it comes to saving time. This fuel can be delivered regularly by a trusted company which is one less aspect of the project to worry about. You do not want to run out of fuel only to have the project delayed for a day or two. Take the time to look at commercial fuel services in the area as they can save you a huge headache.
Managing a large commercial real estate project can be a huge point in your career. There will be aspects that go wrong but having a gameplan for this can make all of the difference. Use the tips above to make sure the project goes as smoothly as possible.