Avoid the High Stakes in Your Construction Projects With the Best Go-Forward Approach
The field of construction covers a vast range of professional areas and industries that include, but are not limited to: Hotels, Groceries, Senior Living, Retail, Banking, and more. Within these industries, you have a diverse list of project types, like ground-up construction and remodel initiatives, multi-site refreshes, and rebranding projects along with fit-outs. These are complicated projects on their own, even when handled within a localized area. However, what if you’re interested in refreshing over 300 existing facilities? In addition, you’re also interested in constructing new facilities at a national level. The problem isn’t the expansion of your business, the problem is acquiring the specific labor that’s required to lift this initiative.
BY partnering with a company that already has the national reach and resources, you’ll save a great amount of time and save big in terms of overall costs.
Solutions for Expanding Into New Markets
As the key stakeholder, you must assess the location and the GCs that work each specific geographical area where you plan to develop. This means investing more effort and money towards introducing your business idea, for each new GC within each new market. By partnering with a company that already has the national reach and resources, you’ll save a great amount of time and save big in terms of overall costs. Make sure your national partner provides you with enough coverage to accomplish your organization’s growth process. Do they have more than 70 Project Managers positioned statewide to support your growth? Can they assign a team of superintendents who are dedicated to your projects, and who are willing to travel from market-to-market? If the answers are ‘yes’ to all these questions, you’re on the right path towards your growth plans.
Strategies That Stand Out
When reconfiguring your spaces, you’re revamping not only your brand, but revamping the possibility of growing your business potential. Construction is a field that really includes a village of skills and resources, which takes qualified project managers (PMs) to handle the execution. You want to make sure your national partner has a simplistic and clear workflow strategy, and who’s open to dialogue with all participating GCs. You want expertise that is fueled by a committed and collaborative effort that’s essential to any team environment and project. Be diligent in vetting your next PM, and make sure your partner holds the right licensing to help you stay clear of issues with local municipalities. Legal regulations can be a pain, and you want to make sure your contractors and PMs have the correct know-how to delegate or resolve these matters for throughout each project’s location.
Throughout our 25-years in the industry, we’ve noticed many opportunities to improve our execution and to help businesses stay on course for their growth plans.
Go Big and Go Forward
The goal of any Fit-Out or New Build involves creating a more modern and functional environment that is perfectly suited for any staﬀ or clientele. When you appoint contractors to take on your new upgrades, you should be confident that you’re working with a team of design professionals that will deliver and meet scope processes, approvals, and fast turnaround completion times. Throughout our experience of over 25-years in the industry, we’ve noticed many opportunities to improve our execution and to help businesses stay on course with their growth plans. We already know that any construction project at the national level is completely different and will have huge hurdles to overcome, which will require patience and clear objectives. You won’t be able to achieve or complete any large-scale project with small-scale companies. Making sure your national partners have the capacity to match your growth plans are critical towards achieving your goals.
There is no doubt your construction projects will keep your brand up-to-date, allowing you to flourish and compete within a certain market. However, managing projects on a national-level is an entirely different process that involves the right partner who can see your vision properly. As a result, strong partners will bring resources, expertise, and assistance for all the details you already know about, and details you were never aware of. Be bold in your vision and go-forth building the future of your business.
Looking for the right partner to help manage your next construction project? Contact us now to learn how Ferrandino & Son can help initiate your capital projects!
Phone: (866) 571-4609