How to Determine Commercial Real Estate ROI

Posted on August 3, 2021 by bafcorp20

As a commercial real estate investor, your top priority is to turn a profit. So, it is no surprise that after capitalizing on a new investment property, your first question is about your return on investment (ROI). Although you cannot accurately predict the future in any type of business scenario, Investopedia.com provides a very simple and basic formula to calculate ROI on an investment property.

Continue reading to learn how to use this formula to determine commercial real estate return on investment, and who to call for Indiana commercial construction and general contracting services you can trust.

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Calculating Investment Property ROI

According to Investopedia.com, you can find your return on investment by using this uncomplicated formula:

ROI = (INVESTMENT PROFIT – INVESTMENT COST)/INVESTMENT COST
Return on investment = investment profit minus investment costs, divided by investment cost.

Keep in mind that this calculation is not as straightforward as it appears. There are several other variables involved that ultimately generate these numbers, such as interest borrowed, financing details, facility maintenance, renovations, repairs, and similar expenditures. Investopedia.com maintains that in most cases, lower investment costs tend to render higher ROI’s, however, financing terms can also play a role in improving one’s return on investment. For this reason, it is vital that you do your due diligence as a commercial proprietor or real estate developer and find the best possible interest rates.

ROI Calculation Approaches

There are two best practices for calculating ROI. The first approach is referred to as the cost method. The second approach is referred to the out-of-pocket method.

► COST METHOD – Using this method, you would divide your equity by the total investment cost, including procurement, renovations, and maintenance. For instance, if you purchase a property for $200,000, then spend an additional $100,000 on renovations, and as a result your investment properties value increases to $400,000, your equity position as an investor would be $100,000.

400,000 – (200,000 + 100,000) = $100,000
ROI would be .33%, which you get by dividing $100,000 by $300,000.

► OUT-OF-POCKET METHOD – Most real estate developers use the out-of-pocket method to calculate ROI. If you use a loan to pay for the down payment of your investment property, it can render higher return on investment results under this cost approach. Using the same example as above, here is how ROI would look with a $40,000 out-of-pocket loan for a down payment:

$40,000 Loan + $100,000 Renovation = $140,000
$400,000 – $140,000 = $260,000 Investor Equity
ROI would be .65%, which is more than double the cost method.

As a commercial real estate developer or proprietor, you will mainly focus on the internal rate of return (IRR) for your property, which is basically your property’s cash flow and equity put together. Talk to in Indianapolis Indiana commercial general contractor for personalized advice on how to get the highest return on investment through strategic design build and commercial renovations.

Are you ready to speak with a specialized Indiana commercial contracting company about increasing your property’s value? Contact BAF Corporation at 317-253-0531 for trusted commercial construction remodeling in Indianapolis Indiana.

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Indianapolis Commercial General Contracting and Design Build Services — Contact Us Today 317-253-0531

Why Commercial Properties Benefit From EDPM Rubber Roofs

Posted on July 20, 2021 by bafcorp20

Flat and low-pitched roofing systems are not always the best candidates for conventional asphalt shingles. Fortunately, the commercial roofing industry caught on to this disadvantage some time ago, and now offers a terrific alternative for commercial proprietors and real estate developers in need of a long-lasting, dependable roof system. Of course, we are talking about EDPM rubber roofing!

Continue reading to learn more about the various benefits of rubber roofing, and how you can find a rubber roofing contractor near you.

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The Benefits of Commercial Rubber Roofing

Rubber roofing is a modern, innovative solution for a long-lasting and durable roofing system for commercial properties and outdoor structures that have flat or low-pitched roofs. Flat roofs have a slope below 10 degrees, while low-pitched roofs have a slope that is nearly level, but still slightly pitched. Pitch refers to the slant, angle, and slope of a roof.

Since flat roofs have special requirements, namely in terms of drainage and waterproofing, it is important to use a quality material that is effective against these elements of roof engineering and more. Rubber roofing systems are the perfect solution for commercial buildings with flat and low-pitched rooftops because they provide a water-tight seal and enhanced visual appeal, all at the same time.

Rubber roofing is referred to as EDPM roofing, which stands for ethylene propylene diene terpolymer. This material is a highly effective commercial roofing option because it is waterproof, lightweight, quick and easy to install, highly durable, long-lasting, and inexpensive. Furthermore, commercial rubber roofs are low maintenance and easy and inexpensive to repair.

Additional Advantages of Rubber Roofs

A more tightly sealed and secure roof means less wasted heat and air, which cuts monthly energy costs little by little, each year. Rubber roofs are also energy efficient because the materials used in the process reflect sun and heat. This keeps a commercial building or edifice cooler in warmer climates and saves on energy costs. Aside from all these delightful benefits, commercial rubber roofs are great alternatives because they are fire-resistant and less likely to crack. Their durability allows them to withstand harsh weather conditions and changing climates, year after year.

Does your building require some roof work or remodeling this year? Contact BAF Corporation at 317-253-0531 for qualified commercial general contracting in Indianapolis, Indiana. We serve clients all throughout Indiana.

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5 Advantages of an Exterior Facade Renovation

Posted on July 13, 2021 by bafcorp20

There are many best business practices out there, some of which can be applied across the board regardless of industry, while others are more trade specific. However, one of the most fundamental and long-established methods for running a successful business is curb appeal. A business that looks good tends to drive in more traffic, which is something you want as a commercial proprietor or company owner.

If you are looking for more customers, perhaps consider renovating the exterior of your business. Continue reading to learn the top five advantages for exterior façade renovation, and who call for the most trusted commercial general contracting service in central Indiana.

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Curb Appeal Commercial Renovation

The type of brick-and-mortar business you own really doesn’t matter when it comes to curb appeal commercial renovations. From hotels and apartment complexes, to museums, strip malls, shopping centers, schools, office buildings, restaurants, and everything in between, an exterior façade commercial remodel is never a poor choice for any type of business that once more customers to the door. There are many advantages to renovating the exterior of your commercial building or office.

Here are 5 reasons why you should consider an exterior façade renovation for your business:

➀ A RENEWED LOOK

Not only do you want to keep your brand appealing for your existing clientele, but you also wanted to be eye-catching for new customers. Giving your businesses exterior a fresh, new look can drive more traffic through your doors. Some methods of achieving a fresh look include innovative technology incorporation, touch free design, painted drywall remodeling, interior design, improve lighting, natural lighting, open concept floor plans, and more. These elements can deliver an improved customer experience, and therefore increase your bottom line.

➁ BUSINESS DOORS CAN STAY OPEN

Because commercial façade renovations are typically done on the outside of the business, and infrequently require indoor access, most projects will render minimal inconvenience to the business operations and their clientele. Basically, it is easy to keep the business open and operating while exterior commercial renovation is underway. Furthermore, when you choose a reputable Indianapolis Indiana general contracting company, you can trust that they use a strict internal safety code to ensure that all persons on premises are protected from foreseeable hazards.

➂ FAST TURNAROUND TIMES

What’s great about commercial façade renovations are that they tend to come with speedy turnaround times. Not only can exterior renovations be done while your business’s doors are still open and operating, but they can also be done within a convenient time-frame, which is always beneficial to your bottom line. Usually, contractors do not even require indoor access to complete their work specifications.

➃ OPPORTUNITY TO REDUCE OPERATING COSTS

When you choose to have an exterior façade remodel done, you have a valuable opportunity to incorporate certain upgrades and renovations that can reduce your overall operating costs in the long run. Such renovations include energy efficiency upgrades for insulation, windows, lighting, and roofing. These upgrades can improve your business energy efficiency, and therefore reduce monthly utility and operating costs.

➄ MUNICIPAL INCENTIVES

In some cases, local municipalities will award business certain incentives, grants, and assistance programs for upgrading or renovating their exterior façade. Check with your local County District or clerk’s office to see if there any municipal incentives that you could earn for doing a commercial exterior renovation.

Are you ready to get started with your commercial exterior renovation in Indiana? Contact BAF Corporation at 317-253-0531 for superior commercial remodeling services in Indianapolis Indiana. We serve clients all throughout the state.

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What is a Commercial Lease Abstract?

Posted on June 29, 2021 by bafcorp20

If you have ever signed a contract before, you know that they are incredibly long and complicated pieces of literature that are virtually impossible to understand without a thorough comprehension of real estate law and liability. For this reason, when signing a commercial lease agreement, it is common to request a lease abstract.

Continue reading to learn what a commercial lease abstract is, and what should be included in one before making a commitment.

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Commercial Lease Agreements and Abstracts

It is unrealistic to fully read through and understand every element of a commercial lease agreement. Commercial lease abstracts play an important role in a tenant’s ability to understand what contractual agreement they are signing into, and what is expected of them during their occupation. Basically, a lease abstract is a summary of all the primary and important aspects of the lease agreement.

Sort of like CliffsNotes for a book you forgot to read in college, a lease abstract covers the basics of the contract and informs you of all the vital facts you need to know, and in a language you can understand. Lease abstracts are constructed to be free of confusing industry jargon, and allow a potential corporate or commercial tenant to fully understand the liability and responsibilities they are taking on if they choose to enter into the lease.

What Should Be Included in a Lease Abstract?

Although a summary of the full contract, a lease abstract will (and should) contain a lot of information. The basic information it should have includes:

☑ Tenant’s Full Name
☑ Total Cost of Rent
☑ Square Footage of the Rental Space
☑ Lease Start/End Date
☑ First Rent Payment Due Date
☑ Premises Specifications
☑ Authorized Use of the Premises
☑ Parking Space/Requirements
☑ Accountable Party for Repairs and Maintenance
☑ Co-Tenancy/Sub-Leasing Terms
☑ Expansion/Build-Out Rights
☑ Tenant Improvement Allowances
☑ Assignability and Exclusivity (if the lease can be transferred)
☑ Estoppel

Are you looking for a trusted commercial management team who can help you find the right commercial office space or warehouse? Contact BAF Corporation at 317-253-0531 to learn more about tenant improvement construction and space planning services in Indianapolis, Indiana.

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Top 3 Technology Trends for Senior Housing Development

Posted on June 21, 2021 by bafcorp20

Now that we have experienced a global pandemic in today’s age, it is no surprise that businesses and industries all across the world are incorporating new technologies to help abate the spread of transmissible diseases and maintain a strict internal safety code for health and hygiene. One of the most severely impacted industries of the Covid-19 pandemic is the senior housing and care industry. As a commercial proprietor or real estate developer preparing to build a new senior housing center, or renovate an existing one, it is wise to consider incorporating some innovative technologies that can enhance the health and safety of patients, residents, visitors, and staff alike.

Continue reading to learn the top three technology transfer senior housing development, and who to call for trusted commercial construction in general contracting services in Indiana.

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Tech Solutions for Senior Housing and Elderly Care Centers

After seeing and experiencing the effects of Covid-19, our society now has new standards for health and safety within modern-day senior housing and elderly care centers. Such standards aim to support the health and safety of all residents and staff, and to promote and extended and higher quality life. The most popular and effective technology solutions for senior housing retirement centers and elderly care homes today are touchless applications, HVAC innovations, telehealth technologies, and even robots.

Touchless Technology

Bacteria and viruses are often spread through surface transmissions. In order to abate the frequency at which such illnesses are transmitted, it is effective to incorporate touchless applications within and outside of the building. The most common examples include touchless applications in the restroom, like automatic soap dispensers, faucets, and hand dryers. However, additional types of touchless technologies that are highly recommended for senior care centers and housing complexes include automatic doors, touchless elevators, motion sensing technology, voice command technology, and similar no-touch applications.

HVAC Technology

Commercial heating and cooling technology has come a long way in the past 50 years. In the world of modern commercial construction, many types of tech solutions are being incorporated to promote higher level of air quality within a building, thus promoting enhanced health and safety among residents and staff. Innovative air filtration technologies are now popular within modern commercial heating and cooling units, as well as additions like medical grade air purifiers and disinfection systems.

Telehealth Technology

Doing things virtually has basically become second nature to us now that we have experienced quarantining. As for senior housing and elderly care center residents and patients, incorporating technology and equipment for things like virtual doctor’s appointments and healthcare provider meetings is becoming more and more popular among commercial builders and proprietors. This is quickly becoming the new way of staying connected with everyone, professionally and socially.

Artificial Intelligence

Although not as common, there are many commercial real estate developers who are incorporating all types of artificial intelligence and similar AI technologies into their builds. For instance, there are new artificial intelligence programs that can alert staff when a room has exceeded its recommended capacity. Even robots are being incorporated into senior care and housing centers! There are automatic cleaning robots that eliminate all germs and bacteria on accessible service areas, and others that actually spend quality time with senior citizens as they take on a digital face of a loved one.

Are you looking for a commercial construction builder to help you enhance the technology of your senior care or housing complex? Contact BAF Corporation at 317-253-0531 for superior Indianapolis Indiana healthcare construction services you can trust.

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Top Considerations for Commercial Ramps and Stair Lifts

Posted on June 18, 2021 by bafcorp20

Whether your business provides a service that caters to the senior community, or simply has a large senior citizen following, it is it wise for you to consider improving the ease and accessibility of your commercial property with elderly and disabled individuals in mind. As a business owner, it is your responsibility to make sure your clients and customers are safe, and specialized safety ramps and stair lifts can provide this security for geriatric and disable citizens.

Continue reading for helpful information and recommendations regarding public ramps and stair lifts.

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Handicap-Assisted Equipment For Commercial Properties

Commercial stair lifts, step lifts, ramps, and other handicap-assisted equipment are important for those with mobility issues, and make navigating a commercial property easier, safer, and more convenient for the elderly and disabled. Not only does it prevent accidents, but it also reduces the risk of your company facing potential injury lawsuits.

Commercial Stair Lifts

Stair lifts can be fitted to any size or type of interior or exterior stairwell, making them an easy choice for commercial properties. This includes staircases that are straight, curved, spiral, helical, long, short, wide and narrow. With a range like this, any commercial property or premises can be renovated with stair lifts. Whether inside or outside, they provide a safe and secure means of moving up and down difficult inclines.

With simple joysticks and buttons, they are also easy to understand and operate. Stair lifts are battery-powered, so they do not require an electric power source, saving money and energy. And with long-lasting battery life and weather-resistant designs, stair lifts are relatively low maintenance. They do require recharging to prevent accidental shut-downs, mid-operation.

Commercial Ramps

Ramps are another helpful addition to consider. They are meant to provide safety and convenience for those in wheelchairs, or for those with mobility problems. Access ramps are a quick and inexpensive way to cater to the elderly and disabled community while still remaining in compliance with the state regulations for disabled access. And they are convenient for any property since they can be installed both indoors and outdoors.

Commercial Step Lifts

Step lifts are another option that provide the same purpose as the others, but for small rise wheelchair access. Step lifts are powered by electricity and designed to lift wheelchairs up to 3 meters off the ground. In the case of a power failure, they are manufactured with a safety mechanism that automatically lowers the lift. Primarily used for public access, step lifts are a popular choice for properties since they are not overbearing in an aesthetic sense. They can provide safety and accessibility without jeopardizing the property’s décor and design.

Do you have questions about ADA compliancy or handicap-assist commercial remodeling? Contact BAF Corporation at 317-253-0531 to speak with a seasoned Indianapolis Indiana commercial general contractor, today.

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Advice on Commercial Construction Budget Control and Management

Posted on June 15, 2021 by bafcorp20

Building a new commercial property, whether a brick-and-mortar retail business or entire warehouse and distribution facility, the process requires a lot of planning and capital. With all of this effort put forth, with such a large investment at stake, it is important that you get the most out of your commercial construction budget. Although it is a common stereotype for all commercial construction project budgets to spillover in some area or another, this doesn’t have to be the case for your upcoming build.

Continue reading to learn some professional general contracting advice about commercial construction budget control management.

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Commercial Construction Budget Analysis

No matter how large scale of a commercial proprietor or real estate developer you might be, everyone has a budget. There are very good reasons to set a budget when it comes to commercial construction, all of which impact the future success of the company in whole. For this reason, it is very common to have your commercial general contracting company provide professional budget analysis reports while planning out your project’s blueprints. This paves the way for setting a budget; a budget you can maintain so long as you consider certain key factors and implement careful measures during the preconstruction and space planning process of your commercial construction project.

How to Manage Your Commercial Construction Budget

Timing is Everything ►

A great insider tip for managing commercial construction budgets is to beat the annual rush for commercial building. As soon as January 1 hits, the building season begins. This means that all commercial vendors’ orders and subcontractors’ schedules begin filling up, putting them more in demand and therefore increasing the price of their products and services. Complete the specifications and planning for your commercial construction project early on so that you can begin making calls and soliciting prices at the turn of the year before the price of vendors and subcontractors goes up.

Balance Your Needs and Wants ►

When it comes to a commercial construction project, it is important that you place the priorities at the top of the list in terms of setting and maintaining a budget. However, do not forget to also stay true to your company’s culture and overall vision. Be sure to also consider the specific concepts and ideas that you have for your commercial build, and incorporate those into your budget from the start.

Choose a Qualified Commercial Construction Company ►

By choosing a fully qualified commercial construction company, you place yourself in the hands of skilled professionals who can work your project from start to finish. Delivering a streamlined commercial building process ensures cost efficiency at all angles, as well as construction completion times. Your hired commercial construction team will cover everything from space planning and permitting, to designing, building, procurement, and even post-occupancy facility maintenance. They will be your one-stop-shop for all of your commercial construction building needs.

Looking for a qualified and experienced Indiana commercial construction company? Contact BAF Corporation at 317-253-0531 to speak with a seasoned Indianapolis Indiana commercial general contractor, today.

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5 Ways to Protect Against Warehouse Flooding During Heavy Rainfalls

Posted on June 7, 2021 by bafcorp20

Currently in Central Indiana, we are on board to see a lot of rain this week. And although we cannot prevent flooding disasters 100 percent of the time, there are some steps you can take as a commercial warehouse owner to prevent your floor and everything it holds from incurring flood damage after an extended period of heavy rainfall.

Continue reading to learn the top five ways to protect your property against warehouse flooding during rainy times, and who to call when you need commercial remodeling service for flood damage in Indianapolis, Indiana.

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Warehouse Flood Protection Systems

Your warehouse is storing priceless commodities that require an upstanding level of protection, especially against flooding. The need for innovative flood damage fail-safe initiatives is even more important for warehouse is located in or nearby known flood zones. Some of the best warehouse flood protection systems to consider, whether you live in a flood zone or not, include high quality overhead or garage doors, as well as non- return, drain piping, high-rise storage racks, raised equipment platforms, waterproof file cabinet storage, and built-in flood barriers.

High-Rise Storage Racks

Since everything on the floor of your warehouse is in danger of being damaged by a flood, it is wise to design your warehouse with high-rise storage racks in order to protect everything from ground level water accumulations. During times of heavy rain, try to keep the lower racks empty of any type of important commodities, especially those that are not waterproof. In fact, when you know heavy rains are in the forecast, it is wise to just leave the lower shelves empty altogether.

Waterproof File Cabinet Storage

Along with all of the important commodities and cargoes on your warehouse floor, it is important to ensure the safety of all of your file cabinet items and documents. When you know heavy rains are in the forecast, move all of your file cabinets and important documents to a higher level of the warehouse to protect them from water damage. You can also consider installing a waterproof file cabinet storage system, or designing it into the blueprints of your warehouse if building a new location.

Non-Return Drainage Pipes

For warehouses that are located on or close by known flood zones, it is recommended to install additional drainage pipes to carry excess water runoff away from the premises. This is a highly effective preventative method for flooding and water damage. Incorporating non-return drainage pipes is also helpful for warehouses located near large bodies of water, such as rivers, lakes, ponds, and running streams. During times of heavy rain, these bodies of water can easily overflow and saturate your property.

Raised Equipment Platforms

Along with all of the documents, file cabinets, and commodities within your warehouse, you also have your warehouse equipment to think about. For this reason, it is recommended to install mechanical raised platforms for all of your large gear, such as forklifts, golf carts, personal transporters (i.e. Segways, scooters, etc.), and similar machines used for daily operations. You can also add any electrical equipment to this list, as they can pose a whole separate set of hazards in the case of the flood.

Built-In Flood Barriers

When it comes to preventing warehouse flooding during times of heavy rainfall, sandbags are the most commonly used method. You can also incorporate built-in flood barriers into your warehouse, which are designed to combat against outside rising floodwaters. This is especially recommended for commercial warehouse is located in known flood zones.

Are you interested in remodeling your warehouse to protect against water damage and flooding? Contact BAF Corporation at 317-253-0531 to speak with a seasoned commercial general contractor about warehouse construction and remodeling in Indianapolis, Indiana.

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What Our Indiana Commercial General Contractors Can Do For You

Posted on May 28, 2021 by bafcorp20

When it comes to commercial construction and general contracting, there is no better choice of provider than BAF Corporation in Indiana. We are seasoned and skilled contractors who specialize in all things commercial and industrial, including general contracting, construction, preconstruction, construction management, space planning and permitting, and even post-occupancy facility maintenance. If you are looking for a new commercial contractor to work with, whether for a simple door replacement or new build, we are the trusted and experienced Indiana commercial construction company recommended by hundreds of Hoosiers all across the state.

Continue below to learn more about the construction and contracting services we can offer business owners, commercial tenants, real estate developers, and more right here in Indiana.

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Our Indianapolis Indiana Commercial Construction Company

Here at BAF Corporation, we are a family-owned and operated commercial construction management company based out of Indianapolis, Indiana. Our family owned and operated commercial construction company was founded on the core values of integrity and quality, which shows through in our proven track record. When you hire us for your commercial construction or remodeling needs, you can feel confident knowing your project is in the hands of honest, organized, and skilled professionals committed to bringing your vision to life.

As an all-ranging, comprehensive Indiana commercial construction company, we can truly do it all. From space planning and preconstruction, to general contracting, construction management, facility maintenance, and more, we are your single source of communication and accountability, thus reducing your administrative burden, while also ensuring clear and concise client-contractor communication, turnkey service, and custom-tailored results.

Space Planning and Permitting

Zoning and permits, site selection/evaluation, preconstruction, community due diligence, land acquisition, economic incentive inquiries, feasibility studies, constructability reviews, site audits, site entitlements, financial analysis/structuring, and more.

Pre-Construction

Commercial construction preconstruction services apply the innovative knowledge of precision forecasting to evaluate and establish every element of a project before breaking ground. This allows the development of a solid base, as well as a steady timeline for a project, including specifying all aspects, aligning all designing and building agendas, recognizing milestones, creating contingency plans, and assessing alternatives. This approach helps to accurately reflecting real world conditions, controlling costs, and abating complications or setbacks.

General Contracting

A general contracting company works as a single source of contact and management by providing all material, labor, equipment, and services required for a commercial construction project. In most cases, they are responsible for hiring and managing specialized subcontractors to perform all or some of the work, such as roofing, windows, framing, drywall, painting, electrician work, and more.

Construction Management

Commercial construction management applies concentrated managing system to oversee all aspects of a project, from planning and preconstruction, to designing, building, finishing, and more. This approach ensures an organized and streamlined construction process, therefore, controlling costs and reducing the likelihood of setbacks and project delays.

Facility Maintenance

Once a project is complete and a property is built, there is still a need for ongoing, specialized maintenance. Facility maintenance services sustain all systems and structures within a building. The commercial construction company will set up a program, or remain available, to implement specialized maintenance work that cannot be performed by in-house custodial and day-porter staffs, such as electrician work, sign repair, and more.

Our Commercial Construction Specialties Include:

▷ Tenant Improvements and Remodels
▷ Healthcare Construction
▷ Office and Commercial-Use Construction
▷ Retail and Franchise Construction
▷ Restaurant and Food Service Construction
▷ Fitness and Gym Construction
▷ Commercial Window Repair and Replacement
▷ Commercial Door Repair and Replacement
▷ Commercial Flooring
▷ Commercial Painting and Drywall
▷ And Much More!

Would you like to speak directly with a skilled and knowledgeable commercial construction manager? Contact us at 317-253-0531 to learn everything you need to know about your best options for Indianapolis Indiana commercial construction and general contracting service.

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3 Mistakes That Cause Commercial Construction Delays

Posted on May 20, 2021 by bafcorp20

In the commercial construction industry, whether a builder or buyer, expediency is a top priority and highly valued. But there is a fine line between schedule efficiency and quality, as no one ever wants corners to be cut or the structural integrity of the job placed in jeopardy just to finish a project on time. Fortunately, the most experienced and reputable commercial construction companies know how to deliver the highest standards of excellence while also staying on schedule as best as possible. These companies know how to avoid common commercial construction schedule delays, and have a proven methodology that ensures efficiency in all elements of the build, including budget, schedule, and quality.

Although many factors can play a role in delaying construction, both foreseeable and unforeseeable, many mistakes are entirely avoidable. Continue reading to learn the top 3 mistakes that lead to commercial construction setbacks and delays, and how you can avoid these errors when planning your upcoming build.

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Municipal Plans and Permits

When you are building a new commercial property, you will need approval from the local municipality’s permitting and zoning department. All plans, inspections, permits, inspections, reviews, and zoning will all go through them first before any construction can take place. The mistake that is commonly made during this stage of the commercial building process is underestimating how long it will take. This has a ripple effect on all future scheduling plans, which causes major construction delays. A qualified commercial construction company will be the single point of communication and accountability among all outside architects, engineers, inspectors, review boards, and subcontractors.

Blueprint Approvals

All final blueprints must be approved by contractors and specialty contractors before work can begin. This ensures that there are no mistakes, misunderstandings, or miscommunications among the primary builders. This approval process takes time in order to get everyone on board and in agreeance. A common mistake made here is taking too long to coordinate a final meeting among all contractors and builders, or failing to come to agreement in a timely manner. The longer it takes to sign off on these blueprint shop drawings, the longer a project will be delayed, which delays future delivery shipments and installations.

Lengthy Lead Times

There are certain materials a commercial building plan might call for, such as elevators, that take a set amount of time to order and have delivered. These long lead times are important to take into consideration while planning your commercial construction. For instance, items shipping from overseas can take months to arrive, while common materials, such as elevators, take at least 16 to 18 weeks to receive. Systems like solar heating panels might take even longer because they require specialty parts. If these types of materials with long lead times are not ordered and set for deliver on time, they can cause major delays in the construction schedule.

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