High-rise construction projects are very risky and challenging – from securing finances to building the structure. It is quite a lengthy process where a lot can happen before the building is up and running. With so much at stake, how can one ensure successful projects? Contractors make sure to consider and analyze every aspect of the high-rise residential construction project to predict all possible outcomes.
It ensures that the construction project management team is ready to face all kinds of challenges that may present themselves during the lifecycle of the project. For delivering successful projects, there are a lot of things that play their part, including the budget, safety, logistics, schedule, etc. However, some important aspects need to be taken into consideration to have the best possible outcomes as opposed to average.
Things to Consider During High-Rise Residential Construction
When it comes to construction, and high-rise construction contractors want the project to be as predictable as possible in order to control it. If you are going to undertake high rise residential construction, here are a few things to keep in mind.
1. Permits and Approvals
The first and foremost thing that needs your attention when constructing high-rise residential buildings is the required permits and approvals. High-rise buildings require a large volume of permits and licenses that, most of the time, construction project management teams often end up behind schedule. High-rise buildings require permits and approval from the local state authorities at different stages of the construction.
Most of the time, projects stay behind and suffer from delays because of the permit approval process. These situations require professional help from construction claims consultants Dubai based experts because these delays lead to claims and disputes. To prevent this from impacting the performance of the project, make sure to assign additional time for the permits and approvals process.
2. Cost Analysis
One of the major challenges faced by contractors and owners during high-rise construction is costs management and analysis. The owners prioritize this aspect of the high-rise residential construction. There are different ways to analyze costs when it comes to high-rise construction and find ways to increase value and maximize savings without affecting the quality of the project.
Here are some of the significant costs that need to be considered to make sure you remain close to your proposed budget:
- Building analysis
- Structural costs
- Parking space
- Elevator costs
- HVAC costs
3. Budget Estimation
Owners and contractors need to sit together ahead of time before starting construction work and estimate the budget required for the project. After proper cost analysis, this step will be easier for you. It will ensure that you identify and negate potential issues and improve the value of your money invested in the project. This will help you have a bankable estimate that will help owners to secure financing for the project.
When it comes to large scale and high-rise residential construction, you need to estimate the budget at different stages of the project – like the planning phase, bidding phase, construction phase, etc. It will help the owners to secure financing for the project and manage the cash flow. You also require budget estimation to support the financial proposal of the project.
4. Site Conditions
Every construction site is different, and each project has different site requirements in terms of specifications. Some sites have existing foundations; however, some are virgin lands and require extensive pre-development. Therefore, the project site can significantly impact the cost and schedule of the project and need to be considered well ahead of time.
Chances are your site might already have an existing foundation, which would require you to remove it and install a new land retention system. The problem is when you remove the previously installed foundation. It leads to “squeeze,” which causes the surrounding soil to fill the space previously occupied by wood or the foundation. It can impact the surrounding structures leading to excessive settlement. So, make sure to work with project engineers to mitigate this risk before groundbreaking.
5. Decisions and Management
Another most important factor that needs your consideration is management and decision making. Owners often delay their decisions and later request change orders, which can be a headache for the contractors. Some of these decisions are regarding interior finishes and materials used in the interior. They want the contractor to make their wish list come true. This timeline of delayed decisions significantly affects your project’s performance and deadlines as it leads to owner caused delays.
These change orders can lead to delays and app up costs, schedule impacts, and affects your ability to get the materials that the clients have asked for in time. These projects are so big that a single delay in decision making has a severe impact on the project completion time and costs. If you are working with such clients, make sure to contact construction quantum experts to protect your payments in case of these delays and disruptions.
Deliver Successful Projects to Happy Clients
These are some of the critical factors that need to be considered before you begin construction on a high-rise residential project. Almost all high-rise buildings use the same components; thus can be managed the same as well. Your responsibility as the contractor and project manager is to provide residential facilities to the client of the highest standard. This can be a challenge when it comes to high-rise residential buildings where space is premium. These five factors will ensure you deliver successful and high-end projects to the client without any dispute or claims. It will help you avoid expensive litigation and keep projects on track.