Managing a construction project from start to finish is not an easy job. If you are a the real estate developer, you will not only need to coordinate the activities of site workers but also have to communicate with the client, architects, subcontractors, and sometimes even urban planners to get things running smoothly. This calls for a great deal of initiative, organization and people skills.
There are plenty of good reasons why you should hire a construction manager to supervise work on your construction project. Here are a few crucial ones you should know about:
Bridging the knowledge gap in an economical way
For some real estate companies, hiring someone to manage their projects is an unnecessary addition to their project costs. This type of mindset is not completely accurate. Sure, the cost of hiring a construction manager will reflect on the companies’ financial books as an expense but on a greater scale, it may have multiplier effects in terms of cost-savings realized from the improved process.
Because construction managers are well-acquainted with the entire construction process as well as the industry dynamics, they can bridge the knowledge gap existing between you and them, saving you both time and money. For instance, a construction manager can save you lots of money by utilizing their networks to cut on the costs of building materials, as well as speed up the process of obtaining the required building permits.
If the cost of hiring a construction manager is still an issue, your company has the option to choose one willing to charge a flat fee, depending on the scope of services to be rendered, so that you can know how much of this extra investment in labour is up-front and then budget for it accordingly.
Relieve yourself of the hassle of performing construction work.
Having somebody else handle the pressure that comes with executing different project responsibilities safely, reliably and in good time is a big plus for your real estate company. A construction manager will take up a leading role in managing your construction project, and this is a major advantage for those who want to delegate authority and alleviate themselves of onerous decision-making responsibilities.
Keeping up with construction laws.
It is usually a great challenge to keep up with the numerous laws, codes and standards regulating the construction industry. Understanding all these laws, and seeing to it that they are followed, especially when you have strict project deadlines to meet, is never easy. For this reason as well, it is prudent to seek the services of a construction manager to run your project.