A construction site can either be a profitable dream project, or a money-consuming nightmare. The difference is in 3 simple tips…
Image: dierk schaefer
“The most efficient, labour-saving device is still money.” – Franklin P Jones
Money, money, money.
At the end of the day, when all is said and done, most projects rise or fall on the amount of money available to fund them. And when a project is of the type requiring you to run a construction site…this is especially the case. That’s because a construction site is the type of creature that, if you’re not careful, will swallow your budget in one gulp before you’ve barely gotten started, and continue demanding more…even beyond the point that it’s drained you dry of everything you’ve got, thats the bad news….
But the great news is that by following 3 simple tips, you can not only run a cost effective construction site, but you’ll also have the joy and benefit of your completed project, here they are:
#1 Start With A Plan – it’s been said before, but it’s worth saying again: failing to plan is planning to fail. Before you embark on your construction project, you need to be explicitly clear on exactly what you want, how you want it, when you want it…and the plan you’re going to follow to get it. After all, if you don’t know where you’re going before you set out on a journey, how will you know when you get there? And knowing when you get there is important, because – just like a meter running in a taxi cab – the longer your construction project goes on, the more it is going to cost you. So you need to have a comprehensive detailed plan that expresses your vision, goals and objectives…as well as demonstrating the step-by-step path to realising them. Now if this all sounds a bit overwhelming, that’s only because you’re looking at it through the lens of having to figure it all out by yourself.
You don’t. All you have to do is follow tip#2 which is…
#2 Build A Team For The Task – To turn your dream into a reality will require the input of a team of experts. Accountants, financial advisors, architects, project manager, tradesmen…the greater the scope of your project, the broader the spectrum of expertise required in your team. And as you share your ideas and goals with your team, they will help you turn the metaphorical ‘sketch on the back of a napkin’ into a detailed blueprint that can be followed step-by-step to turn your vision into a reality. But there is one caveat to this, which is found in the third – and most vital tip.
#3 Create A Budget And Stick To It – This is where many projects rise to success or collapse in an expensive heap of failure…and the reason why you need to be brutally honest and ruthlessly realistic when creating a budget that you are going to commit to. Without this level of commitment, costs will very quickly spiral out of control and cause your project to fall into disarray. However, often times this is easier said than done. And so a great deal of creativity needs to be employed to find ways of completing the project within the boundaries of the budget.
One of these creative tactics used is in the costs of materials and building tools.Now whilst there can be a fine line to be walked between quality and expense when it comes to materials…this line is a lot broader when you consider the tools used in the process of construction. And one major strategy during the planning stage is to seek out “used welders” or “used generators for sale” listings in order to find second hand tools that still provide first class performance.And if you work closely with your team to identify every single tool and resource that would be required to deliver the full scope of your construction project…seeking out second hand building tools can be a way to stop your construction site from draining you of “money, money, money”.