When planning a significant refurbishment of your commercial space, many SMEs want to save money on projects like this, and there are various ways you can do this. You must follow a process to complete the project, and with care and attention, you can achieve an excellent level of finish. When you have a strict budget and need a cost-effective solution for your business, there are options to help you achieve a superior finish without breaking the bank. Below is advice to help you manage a significant refurbishment of your commercial space and ensure you do not spend too much money.
Provide The Building Materials Yourself
Some companies can take care of all the aspects of your refurbishment process, including supplying the commercial building materials required. However, most companies will add a margin to the cost of the building materials to help make it more profitable for them, and they can put on between 10-15% of the cost of the materials. Sourcing and ordering them by yourself can save you a lot of money, but it will require time and effort to do, so you will need a project manager to run your building job.
Hire A Project Manager
When going through an extensive refurbishment process, you must have a skilled and qualified project manager to help the task run smoothly. The project manager can plan when the materials are needed and find the best suppliers saving you money on the project’s cost. They can ensure that everything is there when needed and coordinate the different trades to help the project run much smoother. Although hiring someone to manage your project is an expense, you should consider it more as an investment when you look at the money that they can save you. They can stop you from paying for expensive tradespeople when the materials they need are not on-site and ensure you get everything for the best price.
Use Reputable Tradespeople
You will also need to ensure that the skilled tradespeople you employ to work on your refurbishment project is reputable and charge a fair rate for their skills. Choosing the cheapest option is rarely the best, so you will want to pay a little more for people with skills and trades to help your project run smoothly and give it the best chance of finishing on time. Always do your due diligence before agreeing to work with a firm, and ensure they are full members of relevant trade associations, such as the Federation of Master Builders.
Always Have A Contingency Plan
Even the best-laid plans can come undone, and you will need to have a contingency in place for your project should there be delays and additional expenses incurred. Rarely extensive projects such as refurbishments do not experience delays, even with comprehensive planning. Always ensure that you have a contingency plan before beginning your project to ensure there is additional time and funding if needed to complete it. With a bit of luck, you will not need to use your contingency plan, especially when using reputable professionals on your project, but it is better to have it and not need it than to need it and not have it
