When we think of capital projects, we think about long-term projects that are to build, maintain, or develop some kind of capital asset. This often involves a large and consistent investment, which makes it all the more important to find the right general contractor to get the job done right and on time without destroying the budget.
When choosing a general contractor, there are a few things to keep in mind:
Ask for Client Referrals
This is one of the best ways to gauge the overall performance of a potential general contractor. Always ask for references and contact information, so you can learn detailed information about their past work, their craftsmanship, and the overall service they provide.
Determine Your Needs
Since this is a big capital project, you need to make sure that you have someone that is experienced and can deliver exactly what you need to get the job done right and done on time. Make sure there is a clear understanding of exactly what needs to be done from the very beginning. Staying organized is key to the success of any large project.
Any reputable general contractor will have no problem giving you or your company a quote for the job. Make sure that the quote you review is itemized and as detailed as possible so you can account for everything that the project may require. You want to avoid paying extra for downtime or materials that aren't warranted.
Avoiding the Lowest Bidder
Remember, you get what you pay for. For this reason, you may want to avoid going with the lowest bidder. When you are given a substantially lower price for the work than you were expecting, then the quality of the materials being used as well as the work may be compromised.
You may also be effectively eliminating your chances of finding highly skilled builders that can comply with your requests and provide you with the high-quality work you are paying for.
Find an Insured Contractor
Finding an insured general contractor also needs to be at the top of your list of priorities. When you have a large project, there are many people that need to come together to get the job done. With all these people and the scope of the project, an accident can happen. So, your contractor needs to be insured so everything can be dealt with appropriately.
When embarking on a large capital project, you are working to maintain a city asset or infrastructure; whether it is through new construction, an expansion, or renovation, and for this, you need to have the right general contractor on your side working on getting everything done the right way.
These projects are typically long term projects that are on a much larger scale and a project this size also requires constant management and resources to complete everything. Don't waste your time, money, or resources on a general contractor that can't produce the quality of work that you need.
For more information, contact Global Construction today to see if you can find the best fit for your large capital project.