If you have an upcoming construction project that is relatively complex or technical such as the construction of an industrial building, there are lots of considerations you will have to make to ensure the project is a success. One crucial aspect you may have to think of is the management of the project. A lot is involved in construction starting from the design phase to the completion phase. One way to ensure your project runs smoothly throughout all the phases is to consider turnkey project management. With this type of project management, one contractor is all you need for the coordination of all the project tasks from planning to commissioning. There are plenty of benefits that come with this type of project management. Here are a few.
You Deal With Only One Company
A great deal of benefits come with dealing with only one company in your construction project. First, there are no multiple contracts, which significantly reduces the amount of project time you spend drawing contracts. If you were to use different companies at the various construction stages, you would have to enter into a contract with each one of them and the process can be time-consuming. Delays are some of the major contributors to high project costs.
Dealing with one company also means that there are no multiple contacts. Communicating with multiple companies or getting them to communicate with each other concerning issues related to the project can take a considerable amount of time. With a single company to deal with, communication tends to be much faster and easier.
Last, you don't have to worry about multiple invoicing or payments. Keeping track of invoices and payments for multiple companies can be stressful and challenging. Turnkey project management eliminates this problem by ensuring you only deal with one company.
It Comes With Cost Savings
The costs of your construction project will always depend on a number of things such as the type of structure being built, the materials used, and the labour required. However, you can get favourable quotes from a company that handles all the stages of the project. Getting discounts from multiple companies working on your project can be more difficult.
There Is Reduced Liability on Your Part
This is another great advantage that comes with turnkey projects. The contractor you hire for your project will be responsible or liable for anything that happens on the job site. This gives you a peace of mind when it comes to issues such as project delays, quality, design decisions, material selection and safety. All you have to do is ensure the contractor has what they need to start and finish the project.