The Importance of Preliminary Budgeting for Your Commercial Project

For project owners, it can feel like there are a lot of unknowns when it comes to commercial construction. How much will it cost? How long will it take? Can I trust the GC to do a good job?

Having more questions than answers about the future of a project is unsettling and makes it hard to adequately plan and prepare. That’s where a team like ours at Seacoast Construction steps in. We strip away the uncertainty and replace those questions and unknowns with important preliminary budgeting spreadsheets so you can more accurately anticipate and plan your project, including its cost and timeline.

An Example of Preliminary Budgeting in Action

Preliminary budget planning for any commercial project is important because building requirements can vary, and material costs change by the day. It’s hard to envision what a project will look like without putting some hard numbers on it.

For example, we’ve worked with commercial brokers who are trying to assess how to use a raw space. We help them understand potential options and associated costs. Ultimately, our goal is to turn visions into something more quantifiable that can then be used to assess a potential project’s scope, budget and priorities.

In doing so, we assess logistics and building access. We consider anything that could increase or decrease costs based on the existing condition of the site. We fully detail how it could cost more than an owner anticipated, such as things like floor height, access to an elevator, the window of time contractors can access the building, noise restraints, demo restraints, any building fees or certification or insurance requirements prior to construction. These are all factors that will influence a project’s costs.

While further drawings will solidify the plan, understanding preliminary costs can be hugely influential in identifying whether a project will be viable for a given space.

If you need help understanding the potential of a project site, get in touch with us at Seacoast Construction. We can help you understand a building’s potential and the associated costs of getting the site to a finished state. Contact us anytime to ask your questions and learn more about the SoFla commercial construction scene.

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