CONSTRUCTION COMPANY IS KEY TO PROJECT SUCCESS

Whether it is new construction or rehabilitation project, hiring the right construction company is essential to a smooth and successful project. When reviewing construction companies, it’s not always about awarding the project to the lowest bidder. Price should never be the only consideration when hiring the right construction company for your project. The lowest bid may not quality or experience. In the end, the low bid may end up costing you more in the long run if the project is run inefficiently.

Multifamily owners should consider a company’s reputation, experience in similar projects, portfolio of work, financial condition, licensing and leadership. You can verify a construction company’s license number by checking with the appropriate city and state licensing organization. Review each construction company’s portfolio of work and ask for a minimum of three references.

Always collect at least three bids from different construction companies to compare but be leery of the lowest bidder. Many construction companies submit a low bid to get the job and increase the contract amount through various change orders. Always be sure to compare apples to apples. Once you decide on a construction company to hire, get a written contract and make sure the project is completed to a standard you expect.

Hiring the right construction company truly can make a difference in achieving the desired results for your project. Be sure to research a few companies before undergoing your next construction project.