Are you planning to start a commercial construction project? Are you unsure whether to hire a construction company or handle the project yourself? We’re here to help you make the right decision. 

In this blog post, we’ll discuss the importance of project management in commercial construction and how BnK Construction can help you achieve the best results.

What is project management in commercial construction?

Project management is the process of planning, organizing, and controlling resources to achieve specific goals and objectives in a construction project. 

In commercial construction, project management involves coordinating various activities, including site preparation, design, procurement of materials and equipment, construction, and project closeout.

Site preparation

This part of the process involves clearing and grading the site to prepare it for construction. It also includes obtaining the necessary permits and ensuring compliance with local regulations.

Design

Project management will develop a detailed design, including architectural and engineering plans. The design phase also includes identifying the necessary materials and equipment for the project.

Procurement of materials and equipment

The next step is sourcing the materials and equipment. This may involve obtaining quotes from suppliers, negotiating prices, and ensuring the timely delivery of resources to the site.

Construction

It’s time to start the actual building of the project! It includes coordinating the activities of the construction crew, monitoring progress, and making sure the project is completed on schedule and within budget.

Project closeout

It doesn’t end with the construction — completing all necessary paperwork, obtaining necessary approvals, and closing out the project are mandatory. Project management will see that all work is completed to the required standards and submitted to obligatory inspections.

Effective project management in commercial construction involves coordinating all of these activities to ensure a successful outcome. It requires a combination of technical expertise, management skills, and communication skills. 

At BnK Construction, our experienced team understands the intricacies of commercial construction and is committed to completing your project successfully. 

Benefits of project management in commercial construction

As you can see, commercial construction projects can be complex, involving numerous activities and multiple stakeholders. These projects require effective planning, coordination, and management to accomplish their goals within the set timeline, budget, and quality standards. 

By understanding the benefits of project management, you’ll make an informed decision about your business.  

Cost-control

Project management helps control costs by developing a comprehensive budget that encompasses all the resources required for the project. This budget is continually monitored to identify any potential cost overruns and take corrective action as necessary. 

With effective cost-control measures in place, you’ll avoid unexpected expenses that could significantly impact the project’s profitability.

Time Management

Commercial construction projects often have tight deadlines. That’s why project management techniques are used to ensure the project’s execution within the stipulated time. The project manager develops a detailed schedule that is continually updated to ensure everything stays on track and that adjustments are made as necessary.

By following a strict timeline, the project is completed within the established timeframe. Thanks to this, you’ll open your business on schedule and prevent potential revenue losses.

Quality Control

Every commercial construction project must meet the required standards of quality. The project manager verifies that all the materials and equipment used are high quality and that the construction work meets the set quality standards. 

Regular inspections are carried out to identify potential issues and take the necessary measures. Maintaining high-quality standards will reduce the risk of future repairs or additional expenses.

Safety 

Safety is your project manager’s top priority — they’ll ensure all safety measures are in place to minimize the risk of accidents or injuries. This includes: 

• Providing personal protective equipment (PPE) for all workers
• Guaranteeing that all equipment is regularly inspected and maintained 
• Implementing safety protocols on the construction site

With well-established safety measures, incidents can be prevented — protecting everyone involved, including you.

Communication

Effective communication is crucial in commercial construction projects. The project manager informs  all stakeholders of the project’s progress, any changes made to the schedule or budget, and any potential issues that may arise. 

By fostering effective communication, everyone involved in the project is on the same page, reducing misunderstandings and improving collaboration. For that reason alone, we recommend hiring a company with a robust project management system, like BnK Construction, to handle any commercial construction plan.

Ready to build your business? Let project management guide you to success!

If you are considering a commercial construction project, it’s crucial to understand the benefits of project management. With successful project management, you’ll see the culmination of your commercial construction project on time, within budget, and to the highest quality standards. 

BnK Construction has the expertise and experience to handle your commercial construction project efficiently and effectively. Contact us today to help you bring your commercial construction project to life.

If you’re looking for a successful commercial construction project, it’s important to understand the different stages of the process. From start to finish, many factors can affect how smoothly things go, including budgeting, planning, and timing. If you want to know how to ensure your project is a success—from beginning to end—then read on!

1. Choose the right construction partner

The first and most important step in ensuring the success of your commercial construction project is to choose the right partner. A good partner will have experience with similar projects, an excellent reputation in the industry, and a team of experts who are experienced in all aspects of commercial construction. This will ensure that they can provide you with everything you need during each project phase, from initial design through final completion. Plan ahead to ensure you choose the best construction professionals and avoid unexpected mishaps down the line.

2. Develop a solid business plan and budget

Before you begin construction, it’s important to have a solid business plan in place.

In order to do this, you’ll need to:

• Identify your target market
• Create a budget for your project
• Set a timeline for completion
• Make sure you have all the right permits and approvals from local authorities
• Set aside enough money in contingency funds for unexpected costs (like when you run into unforeseen complications). 

This can help ensure that the construction process goes smoothly without any last-minute problems cropping up at the most critical point of execution: right before opening day!

3. Understand your construction process and timeline

A successful commercial construction project begins with a clear understanding of the steps involved, the amount of time it will take to complete each step, and how much money will be spent along the way. The first two items are relatively easy; however, you should also make sure that you have all of the right people involved at each stage of construction as well as an organized plan for handling unexpected surprises throughout your project.

4. Make sure you have all the right permits in place

You’ll want to make sure that all of your permits are in order before you start work on a project. It’s not uncommon for a small oversight like missing a permit to cost you days, weeks, or even months of delays. People who don’t have the right permits are often denied access to certain areas and sometimes have to halt work completely until they receive them.

Also, keep in mind there may be different requirements depending on what type of construction project you’re doing and exactly where it’s being built. At BnK Construction we can help guide you through this process so that everything goes smoothly from start to finish!

5. Set aside a contingency budget for unexpected costs

A contingency budget should be set aside to cover unforeseen issues that may arise during the course of your project. It’s important to know how much you’ll need to set aside and how much it’s safe to spend on this type of cost, so you can make informed decisions about what needs to be done in case something happens unexpectedly. If there are still unexpected costs after using this amount, then it may be wise for you or your team member(s) on-site to seek out alternative solutions (such as renting equipment or hiring extra workers). 

6. Keep an eye on overhead costs throughout the project

It’s easy to get caught up in the details of your project and forget about the big picture. While you want to ensure that you’re spending as much time as possible on your project, it’s also important to keep an eye on overhead costs throughout the entire process.

What are overhead costs? Overhead costs are everything that doesn’t directly relate to a particular task or job—they’re expenses that occur during the course of completing a construction project but aren’t related directly to any one item or action.

Examples of overhead include:

• Employee salaries
• Administrative support personnel
• Marketing materials
• Cost-plus contracts with suppliers
• Bank fees for processing payments made in foreign currencies (for example: if your company pays its subcontractors or suppliers abroad)
• Insurance premiums

…and the list goes on! 

These may not seem like they’re impacting how well your project is going at first, but these hidden costs can add up over time and eat into profits faster than expected!

7. Make sure you have all the right insurance in place

It’s important to have the right insurance in place so that any losses can be covered. Depending on the nature and scope of your project it may be necessary to purchase professional liability insurance, property damage insurance, and workers’ compensation coverage. You’ll also want to consider purchasing equipment breakdown protection (or pin-in-place coverage) if you’re using heavy construction equipment during your job site’s operation phase.

Your general contractor will be able to recommend an experienced insurance agency that can help you determine exactly how much coverage is needed for your commercial construction project!

8. Execute a sound marketing strategy to create buzz around your new space!

Marketing is one of the most effective ways to promote your construction project, even before it is finished. A well-executed marketing plan will help create interest in what you’re doing and generate demand for the space as soon as it becomes available.

The first step in creating an effective marketing strategy is figuring out what type of campaign would be best for your business needs. You need to consider several factors including how much money you want to spend on advertising, how much time you have left before opening day, and if there are any competitors with similar projects opening up around yours. 

9. Learn from mistakes made during previous projects, but don’t live in the past

Mistakes will happen, but that’s OK. In fact, it’s inevitable that mistakes will happen—there are countless ways a commercial construction project can go wrong. However, learning from past mistakes and making sure you don’t make them again is an important part of ensuring future success.

If you’re putting together a team to handle the construction process and they’ve had experience with previous projects, ask them what they learned from each one (and how they could have avoided those mistakes). That way you’ll know where to look when something goes wrong, so it doesn’t become an issue later on in your own project!

10. Be realistic about your expectations, but don’t let anyone else limit your goals because of their own limitations!

Takeaway – The more successful companies (big or small) have one thing in common–they set high standards for themselves and work hard every day to achieve those standards! If you want success with commercial construction projects, focus on these critical areas first before moving forward with any idea or plan!

Start your commercial construction project today!

We hope that these strategies will help you avoid common pitfalls and set yourself up for success in your construction project. Are you ready to bring your commercial construction plan to life? BnK Construction is here to make this process a lot easier! Our team is dedicated to working with you to meet your unique style and vision.

Contact us today to learn how we build spaces that exceed expectations.

A commercial construction project is a major venture that calls for organization and technical knowledge. Because of this, planning is an essential stage that must happen at the beginning of a new project. Everyone from owners to general contractors and subcontractors working on large-scale projects will benefit from having an outlined strategy.

Let’s take a closer look at how to plan successfully for a commercial construction project.

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