8 Tips for New Commercial Builds

New commercial builds or major commercial renovations in Calgary can be fantastic investments in your business or additions to your real estate portfolio. That said, projects of this scale are complex. Not to mention, they’re often time-consuming and expensive! Therefore, taking specific steps is essential to ensure the project is successful.

 

When embarking on a commercial build, an experienced and knowledgeable general contractor can make all the difference. At Greenstone Construction, we are committed to completing your commercial construction or renovation as promptly as possible, according to your specifications and budget.

 

To ensure your build is successful, follow these eight tips.

1. Create a comprehensive budget

It’s hugely beneficial to complete a comprehensive budget at the start of your project. Doing so helps to set expectations. It also informs our decisions during your commercial build. Furthermore, a detailed budget makes it easier to secure the appropriate financing.

 

A comprehensive budget considers all factors that affect a commercial building project’s cost. Some of these are obvious, i.e. labour and materials. However, you should also include expenses tied to your build’s location. For example, how much does land cost? How much does a lease cost? These are all crucial factors that can significantly impact the bottom line of your new build.

2. Budget for the unexpected

Your comprehensive budget must also include the unexpected. After all, things can go wrong even on the most carefully planned builds. Some problems, setbacks, and delays are inevitable.

 

Therefore, when putting together your budget, you must factor in “what if” scenarios. Commercial renovations in Calgary may be impacted by extreme weather, supply chain difficulties, labour shortages, structural issues, or other unforeseen problems.

 

You should include a contingency of at least 10% in your budget. That way, you mitigate the financial impact of the unexpected.

3. Obtain permits ahead of time

Failing to get your building permits in order can delay and even put a full stop to construction. After all, construction cannot begin without the correct permits in place.  Waiting until the last minute to apply for permits results in lengthy delays, pushing back the completion date and potentially raising the total cost of your project. Therefore, obtaining the necessary permits as early as possible is wise.

 

Generally, you should expect your commercial build to require multiple permits. For example, you will (of course) need a commercial building permit application. In addition, your project will likely require trade permits and development permits.

 

In Canada, different municipalities have different building codes and permit requirements. Researching what is required in your area informs you what you can and cannot do with and without a permit.

4. Secure financing

Like permitting, it’s best to secure financing as soon as possible. That way, you already have sufficient funding when construction begins. Otherwise, you’re at risk for some serious delays if the money runs out in the middle of your build. Therefore, ensure you have the means to finance your project before you start building.

5. Get a good contractor

The right contractor makes all the difference. Their expertise and knowledge will prove invaluable during commercial renovations in Calgary. They help to ensure that construction goes as smoothly as possible with minimal disruptions, delays, and unexpected extra costs.

 

However, the wrong contractor can turn your commercial build into a nightmare. You should never, under any circumstances, hire a contracting company that lacks the proper licensing and insurance. Additionally, it’s always a good idea to check references. Does the contracting company have a proven track record of successful projects and happy clients? If not, it’s best to continue your search.

6. Establish strong lines of communication

You and your general contractor will work closely together for an extended period. Therefore, strong communication is an absolute must. You should communicate regularly to stay on top of progress and address developing issues. Above all, you should always feel in the loop regarding your new commercial build.

7. Set a realistic timeline

Establish a realistic timeline with the help of your general contractor. New builds and commercial renovations in Calgary are complex and require a fair amount of expert coordination. With your experienced general contractor at the helm, the project should progress as efficiently as possible. However, be aware that some delays are normal. It’s a good idea to factor the unexpected into your realistic timeline and your budget!

 

While unforeseen circumstances can disrupt any timeline, your contractor should be able to stay relatively on schedule.

8. Avoid last-minute changes

Once you have formulated a thorough plan for your commercial build, it’s best to stick to it. Your timeline, budget, materials, and subcontractor agreements are based on your original plan. When that plan changes, you can easily face delays and extra expenses.

 

Unfortunately, last-minute changes are one of the most common mistakes made by project owners. Consequently, it’s best to sort out the details earlier in the process. The planning stage is when you should make changes- not once construction has already started.

 

If you have to make changes further into construction, speak to your contractor, architects, and designers as soon as possible. Their expertise will help you navigate this tricky situation. For example, global supply chain issues might make your request expensive, delay completion times, or even impossible.

Commercial Renovations with Greenstone Construction

A commercial renovation or new construction can be hugely beneficial for your business. However, to ensure the project is successful, it’s essential to consider various factors. For example, budgets, permits, financing, and timelines all affect the cost and duration of your build. Furthermore, choosing the right general contracting company for the job is critical.

 

Greenstone Construction has a proven track record of completing commercial projects on time and within budget. We are experts in completing builds and providing excellent customer service along the way. You can rely on Greenstone Construction for clear communication, quality workmanship, and a commitment to meeting your timelines and budget.

 

We focus on sustainable construction, using modern building technologies that ensure your building meets your needs for your business and the environment. Learn more about us at https://www.greenstoneconstruction.ca/company/.