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Don’t let your budget overshoot while doing Construction.
It governs everything from the material specification to the planning and design. To help you keep budget overshoot at a minimum, we have highlighted some of the common tips.
1) Materials Availability
An important factor that influences the budget overshoot is the availability of materials. For example, in case a specific tile is not available, the contractor may have to source it from a different store at a different district which adds to the cost in the form of transportation charges.
The hassles of material availability and transportation from the vendor to site will cause labor standby and cost to go up plus it will also affect in quality of Construction. Surprisingly, there are some construction companies who takes care of this and where you can avail any construction materials in advance; this removes the big headache.
2) Site Condition
The site also influences the construction budget for the building proposed on it. The soil test needs to be done before starting the construction, to identify the bearing capacity of the ground and whether it can take the load of the building without settlement and structural weakness. The soil test also helps finalize the type of foundation required for the structure.
The foundation once finalized, reduces the possibility of rework and instability. The site also has to be contour mapped by a professional so that the proper site boundaries and features are recorded before site planning.
3) Using an efficient project tracker tool
Use software that will help your project’s contractors/execution partners to coordinate project progress on a real-time basis. Once scheduled a plan, you can keep on track and ensure the project is completed successfully within allotted time and budget.
4) Walkthrough your house even before construction
While planning, the area of the building should be within the budget of the client, without compromising on their requirements. After design finalization, there should be no further changes in the plan.
The elevation needs to be detailed, it is perhaps, best if you can use VR Technology while designing.
With Virtual Reality one can experience the spaces in their home before the actual construction so as to avoid surprises and constraints. We can see exactly how big or small a room is and plan accordingly. This is a very powerful tool in the construction industry.
After finalizing the exterior elevation and interior VR, the estimate should be prepared while considering the budget of the client. This should detail the amount, quality and rate of the materials used for the project, starting from the brick and mortar to the finishing materials like paints, and tiles. You can check the sample VR trial video by clicking here.
5) No Change in Orders
After these stages are completed, i.e., the plan, elevation features, and estimate are finalized and frozen, there should not be any changes made to the design and materials further. This helps in fixing and sticking to a budget for the project which will not be compromised during construction. This ensures the problem-free completion of the project.
Ideally, construction should take as little time as possible to avoid the cost fluctuations in the market. Once the detailing of the design is done, one can ensure that the construction is expedited because there is no doubt for the contractors which have not been addressed in the detailed drawings.
Tell us your ideas to stay within budget during construction? Please share with us in the comment box.