Commercial construction refers to the
business of building as well as selling or leasing assembly or manufacturing
plants, standard space for offices, shopping centers and medical centers. The
nature of this business varies widely with regards to the size as well as the
scale of operations. The usual practice in commercial construction involves a
commercial builder getting into a contract with an organization or a company to
construct a building or alternatively the commercial builder will start a
project with the hope that they could lease or sell it in future.
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What is Involved in
the Commercial Construction Environment?
Many of the commercial constructions owe their
origin to a bidding process. An architect usually comes up with a design which
is thereafter let out for bidding and several interested competitors have to
submit their bids. Out of these, the best bid in terms of costs and
specification match wins the bid. Many a times there is usually a known
construction site which has been secured but this is not a must.
Commercial buildings have been brought about by the
changes in the business cycles and incessant growth in the population. The
increased number of people in a given area creates a demand for rental units as
well as more office space. This ultimately leads to the construction of more
buildings to meet an existing or expected demand.
The modern trends have made commercial construction
companies to specialize in just a single commercial market. In other words, a commercial
construction company could solely dedicate its efforts in coming up with
high-rise buildings or some could opt to construct heavy investment
infrastructure such as dams or other water treatment plans. A commercial
builder will gain the required experience to have highly functional and
astounding constructions. Preference for specialization has grown to the extent
where we have commercial builders who just deal with the construction of
perimeter fences.
Some commercial builders have tried to be in
business throughout the year by undertaking projects such as refit the office
or modifying existing buildings. This is major development from the traditional
practice but it is quite a creative way of creating side cash for a given
commercial construction company.
This whole business of commercial construction is
guided by the existing building codes set up by the various cities, towns as
well as counties. The builder is the one who normally foots the bills for
inspection by the relevant authorities. Usually the fees accrued from the whole
inspection exercise could sum up to about 3 to 4% of the whole construction
cost of the building being set up. The inspectors have timetables that guide
their inspection work and having a good relationship with them could lead to
earlier approval of your building site, there also seems to be some kind of
political influence in the whole process.
It is the desire of many commercial construction
companies or builders to have a constant flow of projects to handle. This has
the benefit of creating some predictability in the type of quality of their
work as experience is gained over time. The other advantage is that it’s easier
to get discounts from various suppliers who could bank on them due to a flow in
the projects they undertake.
Commercial
construction is a growing area of interest that has been occasioned by changes
in the business cycles and ever growing population, mostly in the urban set
ups. It is vital for the creation of more workplace, rental units as well as
other heavy construction projects.
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