Posted on: 30 December 2014
If your business is having a commercial building constructed, the first step in the project is to draw up plans for the building. This is usually done with an architect or other building professional. This is typically a rough draft of sorts, giving a construction crew an idea as to the shape, size and layout of the building. Once this is done, the next step is to hire a commercial construction project manager. But, before you hire a project manager, you should obtain bids from three to five different managers. While price is one of the key factors listed on a bid, it isn't the only factor you should consider when hiring a project manager based on the bid. Here are a few factors aside from cost that you need to consider when hiring a construction project manager based on their bid.
The Construction Contract Type Being Offered
When a commercial construction project manager submits a bid to you, you will want to look at what type of construction contract they are offering or presenting to you. There are many different types of construction contracts that can be presented and the type of contract that is being presented can affect the total cost of the project if the project is over or underestimated.
A lump sum project and a guaranteed maximum cost contract both penalize the contractor if they underestimate the job. A unit price contract affects you, the developer, if the project is underestimated. And target estimate contracts and cost plus contracts penalize the project manager for underestimating, yet reward them for estimating correctly. The type of contract you have can affect your bottom line if a contractor over or underestimates, so it is best to learn about the different project types that are offered and how over or underestimating affects the final cost of your project based on the contract type.
The Estimated Date of Completion
Another factor that you need to consider as you look over various bids from commercial construction project managers is what the estimated date of completion for your building is. One company may come in with a low bid amount, but the estimated date of completion may be months longer than other companies that have a higher bid amount. Ultimately, only you can determine if you would prefer a cheaper project or completion of your building faster. But this is always a factor you need to weigh as you look at the bids being presented to you.
The Type of Materials Being Used
The last factor that you need to consider as you look over bids from commercial construction project managers is what types of materials they are estimating their price on. The type of materials that they intend to you should always be included in an estimate or bid.
One project manager may come in with a lower bid because they are using lower end products. For example, hot rolled steel is cheaper than cold rolled steel, though cold rolled steel is stronger and more durable. This can affect the lifespan of your building and how much weight the building can support.
It is important to always carefully look through the bid you are given and compare the types of materials that contractors have quoted you on. If a commercial construction project manager is not using materials that you desire, ask them for a new quote for the types of materials you want used. This way, you get the materials you want and you can compare prices solely based on those materials.
When you are looking to hire a commercial construction project manager from a firm like Dargent Companies, there are many factors you must consider. You want to look at how much experience they have, how often they complete a project on time, and how close to the estimated budget they stay when construction commercial buildings. However, in addition to this, you want to look at the bid that the project manager gives you. While price is important, other factors, such as the construction contract type, the estimated date of completion and the type of materials being used, are equally important.Share