It's rare to find construction companies with so much integrity, and they cost you less than you expected. I am very impressed with the honesty and work ethic of Beltway...
Sean Wells Fargo
A McKinsey report shows that large building projects often finish 20 percent later than anticipated and cost 80 percent more than initially estimated. The potential causes of delays could negatively affect your project. Avoiding or minimizing project delays is important if you plan to build commercial space. Here are the eight reasons for delays in commercial projects-
- Budget Inaccuracies
A building project can suffer significantly from an incorrect estimate. Correct estimates guarantee that there is always enough money for supplies, salaries, and other expenses. Setting realistic and measurable goals and identifying the budget estimate accordingly is important.
- Labor Shortages
The number of qualified workers continues to decline even with an increase in construction employment. Welders, pipe fitters, machinists, and electricians are just a few of the skilled specialists in high demand.
A lack of qualified and seasoned technicians may cause project delays or result in lower quality if less competent labor is used to keep the project on time.
- Poor Weather
General commercial contractors and other project teams have no control over weather-related construction delays, which can significantly impact project management and delivery.
The construction companies may lessen the effects of delays due to bad weather by following these simple ways-
- Planning and scheduling ahead of time can assist contractors and other parties optimize their schedules and resources to account for anticipated delays.
- Add a buffer or margin for the weather delays.
- Make effective use of technology and the data for the correct predictions.
- Inefficient Management
Time, money, and resources are wasted when projects are poorly managed, requiring workers to wait around for tools and work crews’ schedules to conflict.
Some contractors begin projects of all sizes without a defined schedule, completed drawings, or prior communication with key subcontractors. This is a serious error. Your project plan should be thorough and contain all the information necessary to finish the project while considering factors that could delay execution.
- Design Issues
Project designs and specifications are used –
- To determine an accurate representation of the employer’s requirements.
- As a blueprint for obtaining superior technical input to project execution.
- A flawed design results in insufficient or incorrect project deliverables during project execution.
A well-planned design can allow-
- Enough time for modifications by the commercial renovation contractor
- In-depth investigation
- Reviews and final approvals
- Scope Increase
The deliverables expected at the end of a project are referred to as the scope of work in a construction project. The original project scope is frequently used to compute all project plans, schedules, costs, quantity estimations, procurement, and quality mechanisms.
Changes in project scope may result from inadequate initial project scope definition, incorrect estimation of inherent risks and uncertainties, project funding challenges, a shift in the client’s interests, or other circumstances.
- Economic Changes
A project may also be impacted by abrupt government policy announcements and a slowing economy. Situations like wars and viruses can further increase the costs of raw materials forcing contractors to delay the construction for the time being.
- Poor Communication
Poor communication results in increased costs. Miscommunications confuse everyone, from key stakeholders to industry experts and field employees. On the job site and in the office, inconsistent reporting, inadequate reporting, inaccurate reporting, and delayed reporting can all result in errors that cause project delays and cost overruns.