Save Money on Your Next Facilities Construction Project

7 Gold Standards of Facility Construction: Save Money on Your Next Facilities Construction Project

by Tom Pritscher

5 out of 5

Language	:	English
File size	:	1405 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Print length	:	99 pages
Lending	:	Enabled

FREE

The construction industry is booming. With a growing global population and increasing urbanization, the demand for new and improved facilities is on the rise. This presents a significant opportunity for businesses and organizations to invest in new construction projects.

However, construction projects can be expensive. The cost of materials, labor, and equipment is constantly rising. This can make it difficult for businesses to justify the investment in new construction. However, there are a number of ways to save money on your next facilities construction project.

10 Proven Strategies to Save Money on Your Next Construction Project

By following these tips, you can save money on your next facilities construction project and ensure that your project is a success.

1. Plan and design carefully.

   The more detailed your plan, the better chance you have at avoiding costly mistakes during the construction process. Make sure to engage a qualified architect to help you create a design that is both functional and cost-effective.




2. Get competitive bids from contractors.

   Don't just hire the first contractor you talk to. Get bids from several different contractors to compare prices and services. Be sure to check references and make sure the contractors you're considering are licensed and insured.




3. Negotiate your contract carefully.

   Make sure you understand all of the terms of your contract before you sign it. Don't be afraid to negotiate with the contractor to get a better price or better terms.




4. Manage the project closely.

   Once the project is underway, it's important to stay involved and manage it closely. This will help you avoid costly delays and ensure that the project is completed on time and on budget.




5. Use quality materials.

   While it may be tempting to cut costs by using cheaper materials," "this can actually end up costing you more in the long run. Cheap materials are more likely to fail, which can lead to costly repairs or even a complete replacement.




6. Hire skilled workers.

   Skilled workers are more efficient and productive, which can save you money on labor costs. Look for workers who have experience in the type of construction you're planning.




7. Use efficient construction methods.

   There are a number of new construction methods that can help you save money. For example, using prefabricated components can reduce the time and cost of construction.




8. Take advantage of tax breaks.

   There are a number of tax breaks available to businesses that invest in new construction. Be sure to consult with a tax professional to learn more about these tax breaks.




9. Consider sustainable construction.

   Sustainable construction can help you save money on energy costs and reduce your environmental impact. There are a number of ways to incorporate sustainable practices into your construction project.




10. Be prepared for the unexpected.

    Even the best-planned construction projects can experience unexpected delays and costs. It's important to be prepared for the unexpected and have a contingency fund in place.

Case Study: How a Hospital Saved Money on a New Construction Project

A large hospital in the Midwest was planning to build a new patient tower. The hospital's initial budget for the project was $100 million. However, by following the tips outlined in this article, the hospital was able to save $20 million on the project.

The hospital saved money by:

• Planning and designing the project carefully.




• Getting competitive bids from contractors.




• Negotiating the contract carefully.




• Managing the project closely.




• Using quality materials.




• Hiring skilled workers.




• Using efficient construction methods.




• Taking advantage of tax breaks.




• Considering sustainable construction.




• Being prepared for the unexpected.

By following these tips, the hospital was able to save $20 million on its new construction project. This money will be used to provide better care for the hospital's patients.

By following the tips outlined in this article, you can save money on your next facilities construction project. By planning and designing carefully, getting competitive bids from contractors, and negotiating the contract carefully, you can ensure that your project is completed on time and on budget.

If you're planning a new construction project, be sure to consult with a qualified architect or engineer. They can help you create a design that is both functional and cost-effective.

By following these tips, you can save money on your next facilities construction project and ensure that your project is a success.

Free Download your copy of Save Money on Your Next Facilities Construction Project today!

7 Gold Standards of Facility Construction: Save Money on Your Next Facilities Construction Project

by Tom Pritscher

5 out of 5

Language	:	English
File size	:	1405 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Print length	:	99 pages
Lending	:	Enabled

FREE