Even when the economy is good, a construction project can be a very stressful task for companies if they unablecannot to choose the best construction company for the job. When the economy becomes tough, and the construction industry is experiencing a downturn, selecting the best construction company for your project tends to be more difficult. The following are steps to follow when hiring any construction company for your project.
#1: Look at the experience of the contractor
It isn’t all about how long a contractor has existed in business, but what kind or type of work they do. For instance, it isn’t wise to choose a contractor specialized in the construction of manufacturing facilities to build a medical clinic.
#2: References and referrals
Most times, contractors provide you with information from their past clients and architects that they have worked for. Contact these referrals to determine whetherunderstand that the prospective firm is comprised of the kind of people you want to work with. Are they the type of firms whose main motive is earning customer referrals? Do they have repeat clients? What is the reputation of the contractor regarding service issues after the completion of the project, and after payment has been delivered?
#3: Financial stability of the contractor
This is especially relevant during tough economic times. Find out if the contractor or construction company has enough financial backup to weather the storm. Consider their financial references such as bonding companies and their bank. Get a certificate of insurance to be sure they are insured properly. You certainly want to make sure you are hiring a contractor that is in it for the long haul, even after the project is completed.
#4: Schedule compliance and budget
Make enquiries on the contractor’s track record with regard to staying within the budget of the project owner. A low price may not be good, especially if you are constantly hit with change orders to achieve what you desire, which can lead to a price way higher than the budget. Ask about how fast the contractor can have the project completed. As the saying goes “Time is money.”
We in the construction industry have an in-depth knowledge about the competition we face in our business on a regular basis. Certainly, Tthere is no better time to be cost- conservative, but make sure the price is not your only priority, especially if you don’t want future problems. DCM industrial maintenance has put together the correct process and the perfect team to make sure that your next construction project is less stressful.