All commercial construction initiatives, including design-build projects, can go over budget — 9 out of 10 commercial construction projects experience cost overruns. The good news is that you can prevent your endeavor from befalling the same fate. Here are five tips to help you save money on your design-build projects.
What Is Design-Build?
Design-build integrates construction services and design into a single contract. Architects, engineers, and contractors will work hand in hand with your team from day one. This model still involves a bid process, but the contractor will present their proposals before having a detailed plan and specs for your project.
You won’t need to hire a design team and then subsequently seek out a contractor. One firm will handle everything.
5 Cost-Saving Tips for Design-Build Construction
Design-build is more efficient and adaptable than the traditional approach to commercial construction. However, any project can go over budget without a sound strategy. You can unlock further cost savings and avoid overages by using these actionable tips:
1. Start With a Detailed Plan
A detailed plan represents the backbone of any design-build project. Work closely with stakeholders to map out every aspect of the project, including the location, intended purpose of the building, structure footprint, etc. Prospective firms will need this information to create accurate bids.
2. Vet Prospective Design-Build Firms
Look for firms with a proven track record of completing projects on time and within budget. Experienced firms are adept at foreseeing potential issues and addressing them before they become costly problems.
Check references and read reviews. Ask to see examples of previous projects. Find out how the team plans to keep your project on budget, and ask about any cost-saving measures they implement.
3. Use Value Engineering
Value engineering focuses on maximizing functionality while keeping costs down. Engineers will evaluate materials, systems, and processes to identify the most cost-effective options without compromising quality or performance.
Engage your design-build team in value engineering from the outset. They can help identify ways to save you money.
4. Prioritize Energy Efficiency Elements
Energy-efficient solutions can lead to substantial long-term savings. While the initial investment may be higher, energy-efficient systems and materials can lower your utility bills and maintenance costs over time.
Consider upgraded lighting, HVAC systems, and insulation. You may also want to add solar panels and energy-efficient windows.
5. Be Flexible
Flexibility is key to managing costs in design-build projects. Permits get delayed, subcontractors may take longer than estimated, and bad weather can cause certain projects to get pushed back.
A great design-build firm will help you stay nimble and adapt to any surprises that pop up during a construction project. They will keep things organized and strategically bring in extra resources to get your build back on track.
Control Design-Build Costs With Hammers Construction
Who you choose to manage your design-build projects will have a huge impact on the overall cost and efficiency of your endeavors. Hammers Construction, a leading Denver design-build firm, has extensive experience in the commercial construction space. We handle every stage of the project in-house, ensuring streamlined communication and information sharing.
Contact Hammers Construction, and let’s discuss how to ensure the success of your project.