Since property development is not a simple project, the preparation is quite complex as well. Thus, it may take long time before you reach construction process. The preparation including researching the sites, conducting feasibility, searching the right team is quite time consuming. However, those are necessary so that your project can be conducted smoothly without costly problems later when the construction started and when it is completed. The cost you need to pay for unfinished development project will leave you with big disappointment. Thus, it is a worthy journey to go through so many process before reaching the point of construction.
Commencing construction of your development project
There are also important points you need to take in this stage. This is probably one of the most exciting stages of development project. As exciting it might, you still need to do the right things. It includes finding the right builder as well as understand more the building contract. So here are things you need point out to start the construction properly:
Delivering your project can be the most exciting step but also the most crucial point. This can be more intimidating when it is your first time project. The key to execute this stage perfectly is to find the right builder. This is again, challenging because there is so many builders in property market. However, you don’t need to be too stress about it if you find the way to find them. The best thing to find the right builder is to ask for recommendation from friends, families, or your colleagues. You have also architect and development manager in your team who can you ask recommendation for.
The reasons why you can rely on their recommendation instead of random searching because they have experienced working with the builder themselves. They know the capacity of the builder they recommend you.
Before making agreement for the construction with the recommended builders, you need to demand for a copy of their insurance certificates including public liability insurance, as well as completion guarantee insurance. Then, you need to make sure that the builders are capable of handling and executing your project and understand well what you expect. To avoid misjudgment of the builder’s capability, you can visit previous project completed by them. Thus, you know the insight to their real quality.
Aside from checking on their capability of their work, it is also important to know complete credit of their commercial dealings. You don’t want to work with builders who are in the verge of bankruptcy. Their financial capacity to complete your project is crucial point you need to include on your checklist when selecting reliable builder.
Finished with all checking, you should provide them complete set of working drawings that has been prepared by your architect before. You need to include specification as well as details so they can estimate the cost. You can also ask their opinion and advice about the project. They may have ideas and insight you can use. Once you have found the right builder, you need to deal with the contract.
