Sponsor Spotlight
Benefits of Centralized Preconstruction Services on Real Estate Projects
Do you have a customer that plans on considering building a new facility or renovating/expanding an existing facility? If your answer is “yes,” then find out how centralized preconstruction services can help facilitate the process.
What are Preconstruction Services?
When you are considering a construction project, one of the biggest challenges you face is understanding project feasibility. Your client may have a budget, but there’s no price catalog for the unique variables in any project—location, time of year, materials construction techniques and more—that influence cost. And therein lies the problem. Too often, the grand vision for a project and the budget don’t match. Comprehensive preconstruction services help to ensure that the project scope and budget are in alignment.
How Centralized Preconstruction Services Support Your Needs
Centralized preconstruction services offer a comprehensive view of the market. Centralized preconstruction services allow a broader view of trends in the types of products being built and their locations. With this enhanced perspective, you gain insights into critical factors—such as sectors where prices are going up because of demand—to guide strategic decisions.
Centralized preconstruction services look beyond the numbers. While some contractors consider coming up with anticipated project costs as the primary function of preconstruction services, you need more than an estimating department. Comprehensive, centralized preconstruction services start before the number-crunching begins. Through a consultative process, preconstruction services define what a successful project looks like for each customer. Sometimes aesthetics takes precedence; for other customers, the top concern may be cost, a timeline to completion, or marketability. By understanding what matters most, preconstruction services help you get projects started down the right path, sooner.
Centralized preconstruction services cut down on waste. If an architect has been selected, preconstruction works with the architect to ensure the vision aligns with the budget or other considerations. The process of exploring your client’s expectations ensures you to understand the financial feasibility of the project before you invest too much time or money before the project gets off the ground.
Centralized preconstruction services pull together the right resources. Local market experts, construction specialists, project management pros—all in one place—empower you to strategically plan your project, anticipate how decisions will affect ROI, and execute the build as efficiently and cost-effectively as possible.
A dedicated team and resources that focus on preconstruction needs allow you to move from concept to completion faster—and without the budget “surprises” common with less thorough estimating processes. This will allow you to close quickly on the acquisition of an existing building or site for a new building for your client. When dealing with a contractor on future projects, ask whether they have Centralized Preconstruction Services.
Dave Dickerson, Midwest Market President of Business Development, Miller-Valentine Construction.
