Business
The Complete Guide to Selecting a Reputable Construction Company
Whether you want to build a new building or remodel your home, choose the right construction company. This is essential in ensuring the project is completed on time, within budget, and with minimal hassle.
An excellent place to start is by asking for references from previous clients. Additionally, you can enquire about their safety procedures and insurance coverage.
Reputation
The best way to avoid the hassle of vetting multiple construction companies for your multi-family project is to select one with an excellent reputation. This can be determined through reviews on Google, referrals from other builders, and local knowledge.
They have exemplary leadership from top to bottom of your construction company. If there are negative reviews, it is essential that the business owner takes ownership and goes out of their way to resolve them.
As any contractor knows, you are only as good as your last mistake. Clients remember faults and are often unforgiving. Therefore, asking your prospective construction company about their experience and pricing practices is essential. The vetting process should include references from previous clients, architects, and subcontractors.
Experience
The experience level of your construction company is essential because it can help to prevent significant arguments, hiccups, and headaches during the building process. Look for companies that have a history of working on projects that are similar to yours and can provide testimonials from previous clients.
They should also have experience working with local subcontractors and be familiar with their quality of work and professionalism. This can save time and money on the project by reducing communication and scheduling issues.
You should also check for insurance. A reputable construction company will have liability and worker’s compensation coverage. Also, ask for detailed resumes of crucial team members, including past project experience. This will help you determine which construction company best fits your project.
Pricing
When choosing the right construction company, pricing is a significant consideration. For instance, in your home renovation, ensure that the team you hire is committed to working within your budget and will provide great value for your money.
The cost-related factors you should be looking for include how they determine their pricing and whether they offer unit prices, cost-plus fees, or guaranteed maximum price contracts. They should be able to explain these terms to you in detail so that you have a clear understanding of what you’re getting into.
It would help if you also looked for how they manage change orders and pricing and how quickly they can alert you when a price change or exceeds the original estimate. All of this information can help you make the best decision about which construction company to choose.
Transparency
Transparency is the ability to trace money along transactions to ensure the prescribed dollar amount is paid and that each purchase aligns with the project’s scope. Keeping records transparent reduces the risk of contractors overcharging owners for select tasks or materials and protects public trust.
Regarding construction projects, transparency can help reduce the time and costs associated with miscommunication between contractors and clients. The process runs more smoothly when everyone is on the same page and understands their responsibilities.
Field-device-ready software can be one of the best ways to keep track of project information and ensure complete transparency throughout the project. Request a demo today to learn how.
Reliability
Reliability is one of the most essential aspects when selecting a construction company. A highly reliable construction company is likelier to deliver quality work on time and within budget.
The best way to evaluate a construction company’s reliability is through their past work and customer feedback. Ask for a portfolio of projects and read reviews from previous clients.
Look for mentions of how they worked well with subcontractors and architects. Also, see if they could keep costs down or work with you on value engineering. It is also worth looking at their safety records and if they are fully licensed to operate in your area. Lastly, check to see if they have any liability insurance. This will protect you in case something goes wrong with your project.
Harper Harrison is a reporter for The Hear UP. Harper got an internship at the NPR and worked as a reporter and producer. harper has also worked as a reporter for the Medium. Harper covers health and science for The Hear UP.