Challenges Builders Face When Starting A New Commercial Development

Starting a new commercial development is a complex and challenging process that requires expertise, attention to detail, and careful planning. As an expert consultant in commercial construction in Pittsburgh, I have seen firsthand the top five challenges that builders face when starting a new commercial development. In this article, I will explore each pain point and deliver a solution for each.

Regulatory Compliance

One of the biggest challenges that builders face when starting a new commercial development is regulatory compliance. Building codes, zoning laws, and environmental regulations can vary significantly depending on the location of the project. Builders must comply with all applicable regulations to ensure that the project is safe, legal, and environmentally responsible.

Solution: The best way to address regulatory compliance is to work with an experienced team of professionals who understand the local regulations and can guide the project through the necessary approvals and permits. Builders should work closely with architects, engineers, and other professionals to ensure that the project meets all applicable regulations.

Financing

Financing is another major challenge that builders face when starting a new commercial development. Commercial construction projects can be expensive, and securing financing can be difficult. Builders must have a solid financial plan and be able to demonstrate their ability to complete the project on time and within budget.

Solution: Builders should work with financial advisors and lenders who specialize in commercial construction projects. They should prepare a detailed financial plan that outlines the costs of the project and demonstrates their ability to complete the project on time and within budget. They should also be prepared to provide regular financial updates to their lenders to ensure that the project stays on track.

Design and Planning

Design and planning are critical to the success of any commercial construction project. Builders must work closely with architects and engineers to ensure that the project meets the needs of its intended users, is aesthetically pleasing, and is structurally sound.

Solution: Builders should hire an experienced team of architects and engineers who can help them develop a design and plan that meets their needs and the needs of their users. They should work closely with these professionals throughout the project to ensure that the design and plan are being followed.

Materials and Equipment

Commercial construction projects require a lot of materials and equipment. Builders must ensure that they have access to the right materials and equipment at the right time to keep the project on schedule.

Solution: Builders should work closely with suppliers and equipment providers to ensure that they have access to the materials and equipment they need when they need it. They should also be prepared to adjust their schedule and plan if there are delays in the delivery of materials or equipment.

Safety and Risk Management

Safety is always a top priority in commercial construction projects. Builders must ensure that the site is safe for workers and visitors and that the project is completed without incident.

Solution: Builders should develop a comprehensive safety plan that outlines the steps they will take to ensure the safety of workers and visitors. They should work closely with their team to ensure that everyone understands the plan and is following it. They should also be prepared to adjust the plan if necessary to address any safety issues that arise during the project.

In conclusion, starting a new commercial development can be challenging, but with the right approach, builders can overcome these challenges and deliver a successful project. Builders should work with experienced professionals, develop a solid financial plan, focus on design and planning, ensure access to materials and equipment, and prioritize safety and risk management. By following these strategies, builders can create a commercial development that meets the needs of their users, is completed on time and within budget, and is safe and environmentally responsible.

Questions about hiring a commercial construction management firm?  TBI Contracting has helped many companies in the Pittsburgh area, delivering quality projects – on time and on a budget! Give us a call to learn more at (412) 896-1455.