Commercial construction is an important part of the American industry and economy, comprising over USD$ 992 billion in business. It’s also an ongoing necessity as businesses continue to expand and require new spaces that cater to their specific commercial or industrial requirements.
However, investing in a commercial project venture, like any other investment, requires prudent research and making smart choices about whom to partner with. When you choose a commercial contractor, you are handing over your plans to someone else to make it a reality. So how do you choose the right contractor?
Low Bids Aren’t Everything
While it’s understandable that smart business is about cost-effectiveness, it is also about understanding that you get what you pay for. When looking at different contractors, they will offer different bids for how much they believe they can complete the project. There’s going to be some variance in how high or low these bids are based on the contractor’s experience, connections and work ethic.
However, if a contractor comes in with a bid that is significantly lower than everyone else, that’s not an automatic “win” for you and your project. You get what you pay for, and if a contractor is bidding an amount that seems too good to be true, it very likely is. You’ll either suffer from cutting corners, with inferior materials or quality to keep costs low, or the final project cost will inflate enormously because the initial bid was never realistic. It also contributes to a “race to the bottom” that hurts the entire industry.
Communication Is Key
One of the most important aspects of any relationship is communication, and this is especially true of a business relationship where someone else is building out your project. A good contractor will have an established channel of communication that they will lay out for you, so you know exactly where you stand in terms of how to get in touch, regular status updates, and what to do for any sudden queries, concerns or emergencies that will inevitably come up.
A contractor that is reluctant, or even unwilling, to keep the lines of communication open is a red flag. Reputable contractors are transparent and communicative because they have nothing to hide. Someone that doesn’t want to talk to you about a project that you are bankrolling is not someone you want to work with.
Similar to communication is the ability to reach out to your contractor. If a contractor says they are incommunicado after business hours, that’s another cause for concern. Contractors work for you, and a construction project, once it starts, is a fluid situation, constantly developing and requiring new attention and solutions as it progresses.
Good contractors are committed to the project all the time once it begins. It’s reasonable to expect any person to want some privacy. However, with the stakes involved in a commercial construction project, and the timelines this demands, an inaccessible contractor can cause problems for everyone.
If you’d like to know more about how you can have a successful commercial construction project, we can help. Contact Global Construction and work with a contractor that is committed to your success.