3 Tips To Reduce Costs On Your Next Construction Project

It seems like everything is more expensive these days, and that includes both material and labor costs in construction. Fortunately, there are smart ways to stick to your budget and get the most bang for your buck. At Dunlap, we strive to provide both high quality work and value, which can be achieved by knowing how to reduce costs on a construction project. Here are a few tips.

(1) Choose A Realistic Budget

The first step to reducing costs is to actually set a budget that makes sense. Construction projects can be unpredictable, and while a good contractor can tackle unexpected obstacles, those setbacks often cost money. Make sure your top line number is something you’re truly comfortable with and understand that some of the budget will need to be reserved for incidentals.

(2) Value Engineering

As part of our pre-construction process, we perform a value engineering analysis. During this time, we go over the plans in detail and find specific ways to get more value for your budget. We will point out cost saving swaps when available (that do not compromise quality). This helps the project get off to a good start with a little extra padding in the budget. 

(3) Reduce Costs By Minimizing Changes

Once the plans have been approved and work starts going, the best thing you can do as the client is to avoid making changes. In most cases, materials have already been ordered. Deciding to go with a different flooring, for example, can cause major delays. Delays equal time and money lost. Stick with the plan as much as possible if you want to stay on budget.

Construction projects by nature are complex, expensive, and time consuming. But with the proper planning, we can help you reduce costs. If you’re considering a new build or renovation of your commercial space, schedule a time to sit down with us. We’ll go over our process and talk about your vision and goals and see if we might be a good fit. Contact us today to get started.


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