Summary: Do you want to avoid development delays? It would be a mistake not to construct a thorough strategy with a clear timeline and items scheduled in advance, value engineering, and clear communication with your development team.
Change is frequently difficult in the field of business development.
But if you’re ready for it, a change in your schedule doesn’t have to cause a fatal delay.
If not handled properly, several circumstances, including unrealistic expectations of the permit review procedure, delays in the production of shop drawings, and a lack of preparation for long-lead products, can delay your project.
Here are some strategies for avoiding common delays, so your project stays on schedule and budget.
- Extensive Planning
Your project plan should be comprehensive, including all information necessary for the completion and considering factors that could cause delays during implementation. It is highly advised that you work with a developer who uses cutting-edge project management software, like DealforceCRE, to deliver real-time updates so that you may more precisely schedule jobs.
Then by presenting a thorough scope of work at the preconstruction stage, you can guard against “scope creep” and get a bird’s-eye view of the project, enabling managers to identify potential difficulties and find solutions early stage.
- Plan Items Ahead of Time
On a related point, prevent avoidable delays by anticipating your team members’ availability and then factoring it into the schedule. For instance, it can take more than a month to get an architect on your property, municipalities might be behind schedule in that region, or contractors might require additional time to submit bids. Plan accordingly for when you need them, and don’t forget to allow at least three to four months for ordering and soliciting bids for the necessary building materials.
Because not all development processes are linear, having an experienced development business that understands how to deal with delays and difficulties at the same time results in significant delivery time savings.
It’s crucial to distinguish a “blocker” from an ordinary delay. The key distinction is that blockers are jobs that must be finished before any other tasks can begin. Therefore, thorough planning is essential, along with understanding how to spot potential roadblocks.
- Successful Communication
“Communication is vital,” as they say, and this is true in the construction industry. Progress pauses are avoided through effective communication since it allows you to make changes before a problem worsens. This procedure is essential for preventing unexpected rent hikes, change orders, poor design, and sluggish plan reviews from municipalities from the beginning of entitlement to plan design.
When focusing on any problems involving change orders, contingency plans, etc., it is also a good practice to retain current records of communication papers such as change order receipts, time intervals between responses, and their resolutions.
Advice: If you want to hire a preferred developer, keep in mind that there is a chance of cost overruns because of change orders, redesigns, and fluctuating labor and material costs.
- Value Engineering and Material Substitution
To minimize going past deadline and over-budget, value engineering can be applied to find and eliminate needless expenses, which can lead to rent hikes. It will actually decrease the likelihood that time will be lost later on if engineers, architects, and developers spend more time concentrating on either lowering costs or replacing more cost-effective components.
Value engineering offers a comprehensive choice for quality assurance, but keep in mind that it does have an impact on delivery and timing; therefore, it should be taken into account when creating the schedule.
The key lessons learned for reducing your likelihood of schedule delays include value engineering, the necessity of clear communication with your development team, and the importance of developing a thorough strategy from the start that has a timeline with items scheduled in advance.
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