As a commercial real estate investor or property owner, selecting the right contracting company to build your vision from the many commercial construction companies out there is fundamental. A transparent, open, and goal-focused team can be the difference between a profit-providing asset constructed to the highest standard versus a stress-inducing and financially ruining process.
Unfortunately, it's not as easy as jumping on the internet and googling "general contractors" or "commercial contractors." Instead, savvy property investors know that research is paramount. Understanding the key attributes of a quality general contracting company can help narrow down and eventually locate the right team for the job. In most cases, commercial projects are long-term ventures, so it's important to build a relationship with a contractor you want with you throughout the build.
Today we'll examine the key characteristics of an expert general contracting company and why that relationship is essential, how you can find the right group for your building needs, and how Pivotal Construction embodies the attributes of a responsible and collaborative contracting group.
General contractors are individuals or construction groups tasked with overseeing a construction project. They are also referred to as prime or main contractors. General contractors sit high in the construction 'hierarchy' as they are responsible for hiring and onboarding all contractors and subcontractors. While a project manager oversees a construction job from a coordination standpoint, a general contractor is more involved in the physical outcomes of the project.
Although not in all cases, general contractors are usually required for significant construction jobs. For example, if you're updating a single apartment, you might not need a general contractor. However, commercial tenant improvements such as updating several apartments in a multifamily building or the buildout for a new retail tenant will likely require the services of general contractors.
What does a contractor do? Some of the duties of general contractors include:
Essentially, general contractors will manage a job from beginning to end. Because of this, one of the critical roles of a general contractor is to ensure the job is on time and the targets are being reached. They may also serve as a point of contact between the property investor and the other involved parties, along with the project manager.
Construction services are, by their very nature, a team effort. On any construction project, there are a significant number of moving parts—all contributing to the project goals. This can lead to conflict and sometimes even arguments.
Because of this, it's essential to find a contractor that can become a partner in the process. From this partnership, you have a contractor who listens to your goals, follows the budget, maintains ongoing contact with all parties, and follows the timeline as closely as possible. In addition, good contractors will constructively share their opinion and input while listening to concerns with genuine interest and honesty.
Without this foundational relationship, the construction management or project can fall apart or, at the very least, seem like there's no end in sight!
Before you make the call and solicit the services of a general contracting company, it's essential to know what you're looking for and how to determine 'good' from 'great.' There are many construction horror stories out there, and the last thing any property investor wants is to be embroiled in a drawn-out and costly legal battle.
Some of the critical signs of a contractor or construction manager that builds trusted relationships include:
Taking the time to find a contractor that meets these objectives is well worth it when your vision completes on time, on budget, and how you pictured it from the start!
At Pivotal Construction, working as a cohesive team is the foundation of our success in the industry.
We build longstanding and trusted relationships through:
We understand the importance of caring for our clients, trade partners, and employees. By maintaining relationships at the core of everything we do, we can make every project a success.
Choosing the right general contracting company can literally make or break your investment property. You're putting your future asset in good hands by following the steps above and focusing on team-focused and client-first companies.
If you've got a project in mind and want to discover how the Pivotal Construction team can help you get it off the ground, reach out to us today!