4 Ways To Save Money On Your Next Construction Project On Telescoconstruction.com

4 Ways to Save Money on Your Next Construction Project

Current project underway at South Bay by Telesco Associates and Telesco Construction

You can cut costs significantly by taking these steps

When you decide to build anything – whether it’s a home or a business – you know that it will require a lot of time, effort, and, of course, money. A construction project may be the biggest investment you ever make, and this is why it has to be done correctly from the beginning. And while you understand that you, your partners, or your business associates with be putting up a significant amount of capital, there are still things you can do to drastically cut costs.

Create a good plan

A comprehensive plan is essential for a building project. Think about what the structure will be used for, what you want it to look like, and the features you would like it to have. When you meet with the architect, you will need to provide specific details to complete the designs. If you go into a project with nothing but a vague idea or concept, this will waste time and, ultimately, money.

Plus, if you end up leaving the plans to someone else, you may not get exactly what you want. During the design phase, things can usually be changed rather easily. However, once construction begins, if fundamental alterations are needed, this could cause delays and require a great deal more of your capital to complete the project.

Pay attention to the budget

Once the scope and details of the project are established, you will be given a budget breakdown of all costs. While you may have complete trust in the team creating your building, make sure to look over everything closely. It’s possible that you will discover elements you don’t need or no longer want to include. Don’t be afraid to ask questions about anything you’re unsure about or to find out if there could be more cost-effective alternatives.

Shop around

Before you decide who will be working on your project, you should get several different estimates. You may be eager to get things moving, but doing your homework can make all of the difference in the success of your build. A variety of quotes will give you both a feel for the overall price of the effort and an idea of the relative benefits of both your individual specifications and the firms that may be executing them.

Hire a design-build firm

One of the best ways to guarantee quality and speed completion time on a construction project – and often to save money – is by using a design-build firm. With a design-build firm, everyone who will be working on your building, from the project manager to the architects to the interior designers, will be under the umbrella of one firm. You won’t have to deal with separate companies that each have their own rates.

One of the biggest benefits of the design-build method is efficiency. A firm’s goal will be to construct your building in a timely manner while paying close attention to the budget. And because everyone works very closely together, communication is seamless and problems are solved quickly to avoid any lengthy and expensive delays.

Whether you simply have a vision in your head for an upcoming project or something more concrete, get in touch with Telesco Construction. We’d love to hear your plans and talk to you about how our design-build firm can make them a reality. Call us at 305.390.0250 or fill out our online form to get started.