Construction management services are key to keeping your construction or renovation project on track. Cost overruns are a common problem in commercial construction and if not carefully controlled, they can turn the entire project into a financial nightmare.
Budget issues during commercial construction usually come from an unclear scope of work or miscommunication during the building process. Working with an experienced construction management company is essential for keeping everything on track.
At Lonestar Commercial General Contracting, our management firm and general contractors specialize in commercial construction. Contact us today to learn more about working with us for your project.
3 Essential Ways Construction Management Guarantees Cost Control
Cost control depends on expert, proactive construction management. A construction manager needs to carefully handle financial planning, subcontractor bidding, and project oversight.
Professional construction management can lock in cost certainty, mitigate risks, and ensure the entire project stays on schedule. They manage the financial side of a construction project, and are responsible for planning, procuring resources, and providing accountability.
1. Cost Certainty
Construction management can control cost before the building officially starts. Before the design is finalized, the manager will analyze the blue prints to ensure the proposed design is within your budget.
They’ll identify key cost drivers, including materials or expensive systems like the HVAC or specialized electrical work. If the cost is too high, they’ll offer affordable alternatives that still meet ideal performance requirements.
Construction management also ensures that all necessary steps are included in the initial project plan. For example, if securing a city permit is accidentally left out of the plan, a construction manager can catch this and make sure it doesn’t disrupt the construction process.
2. Fair Bidding Value
Expert construction management also ensures that you pay the lowest market rate for the highest-quality of work. They do this by managing the subcontractor hiring process. They’ll provide each subcontractor with the same scope of work document, specifications, and contractual terms, answer any questions, and handle negotiations.
This way, the bids are for the same amount of work, allowing the construction management team to choose subcontractors that provide the best value.
At Lonestar, we use our network of pre-vetted, high-quality subcontractors to add additional value to each project.
3. Transparency & Control
A construction management team is also essential for preventing scope creep, which is when minor additions or changes are made during the construction process. These changes are made without financial review because they are seemingly small. However, they can quickly add up, pushing the project past its established budget and even leading to significant financial loss.
Construction management teams use technology to track construction progress, along with proactive communication. They’ll constantly monitor subcontractors and communicate with you about your expectations.
If there’s any request for a change, whether from you or a subcontractor, they’ll document it and determine the impact on the budget. Then, they’ll send it to you for approval before any further work is done.
Contact Lonestar for Construction Management You Can Trust
If you need expert construction project management, contact our team at Lonestar Commercial General Contracting. With years of experience in the commercial construction industry, we’re the best choice to guide your construction or renovation project from start to finish.
Our team is dedicated to creating long-term partnerships with our clients, which is why we emphasize professionalism, trust, and proactive communication for all our projects.
Our construction management experts also prioritize quality construction, budget control, and timely deliverables.
Want to learn more about working with us for construction management? Call (972) 838-1444, or contact us online for a consultation.