Surprises are bad for any commercial real estate development project. With preconstruction services, you engage experts to analyze your upcoming project and determine everything it entails from the outset. This analysis allows you to adequately prepare for what's coming.
Preconstruction activities kick off your construction planning process. At this stage, your team seeks to pinpoint potential bottlenecks and assess how those might impact the upcoming project's costs. Their analysis can reveal vital aspects of the project, including:
With these early insights, it's easier to set a feasible budget and realistic timeline for your upcoming project. You might even discover that the project isn't viable based on the final pre-construction evaluation report. This would allow you to make informed decisions and save tens of thousands of dollars.
Preconstruction processes involve planning with your team of experts to select a budget and decide whether to proceed with the project. During preliminary meetings with your team, you should discuss your project goals. This is your earliest chance to pose questions and have any pending concerns about the future project addressed. In the end, you should have precise answers on the budget and scope. The preconstruction feasibility study may cover items such as:
You'll need to look into key construction documents as part of the process to assess the feasibility of your upcoming project. Important paperwork and plans include:
Once you have finished your preconstruction feasibility study, you can rely on the report to decide about going on with the project. You understand the various risks involved pretty well and can create a proper mitigation plan at the start. Also, preconstruction analysis can reveal key opportunities to save on project costs and fast-track the delivery time.