Project management: How to estimate the duration and budget for a project in Connecticut?

Project management: How to estimate the duration and budget for a project in Connecticut?

Written by Ingenuity & Solutions LLC

A project manager who wishes to embark on a construction project has very specific expectations. But the most important are not very numerous. Indeed, in addition to being sure that carrying out the work he has imagined is possible, the project manager wishes to answer 2 questions above all:

• What will be the amount of the necessary budget?

• How long will the construction work take?

When it comes to construction services in West Hartford, Windsor, Glastonbury, Bolton, Avon, Columbia, Hartford, and East Hartford, Alvarenga Construction LLC is the name to know. From remodeling projects to new construction, we've got you covered {service(remodeling-connecticut)}

At the start of the project, answering these questions can be difficult, but crucial for the success of the project. Whether it's new construction, renovation, or expansion, the project manager must be able to provide answers. Therefore, after having presented the feasibility studies which ratify the work project, these specific points are addressed and a budget, as well as a provisional schedule, are drawn up. In order to be able to make estimates, the most effective solution is to keep track of the progress of the main stages of the project, from design to completion.

The design phase

The construction project was the subject of an analysis that aligned the wishes of the client with the legal, architectural, budgetary, and technical constraints. This reflection leads to a much more concrete design phase.

Applying for a building permit

On the basis of the final preliminary draft which sets out the technical aspects, materials, and construction methods, one of the missions of the project manager or the architect is to carry out the administrative procedures to obtain permission to build. The cost of the service depends on the fees provided in the project management contract. Its duration depends on the instruction period which differs according to the type of construction.

Land purchase

Once the planning permission has been obtained, the base plot can be purchased, which can be an easy and fast process when it comes to a project for an individual. However, for project managers who carry out a real estate transaction, this acquisition depends on the success of the pre-commercialization phase of the lots in the program. This lasts an average of 6 months to 1 year.

The choice of companies

Secondly, the implementation of the project involves the selection of the stakeholders that will participate in the act of building. In addition to the technical design offices which are usually involved upstream, it is necessary to find either the general contractor or the various construction companies who will work from the beginning of the project to the end of it.

The call for contractors

When the call for contractors is launched, a consultation form is given to companies wishing to apply. It includes specifications drawn up on the basis of the building permit and the final design. Regarding the budget, it is important for every company candidate to detail the materials and labor that the quote is referring to. This process can take up to 2 to 3 months.

Procurement

Following the preselection of construction companies, each construction contract is negotiated and signed. Here, the use of a single general contractor that brings together all the contracts can lighten the process. Similarly, the larger the budget, the longer the procurement takes. On average, it takes a few weeks to several months. As for financial planning, it is most of the time compared to the construction cost index. Thus, the price excluding tax per square meter for buildings of different types serves as a benchmark for the assessment of costs.

Execution of the work

For the structure to finally emerge from the ground, the various stakeholders must have the technical documents necessary for the proper execution of the work.

Developing the execution plan

The architect brings together in this plan all of the essential technical information so that each professional knows what to achieve. Even if the execution plans vary according to the size of the project, there will always be a floor plan, a cross-section, and elevations.

Monitoring the project

The duration of the project always varies not only depending on the size of the construction project but also on the type of structure or soil type because more expensive and more complex foundations may indeed be necessary. A single-family house takes around 8 months to be built, but a complete building is rarely built in less than 18 months. Site meetings are necessary to report and analyze the progress of the work and the corresponding reports to ensure that deadlines are met and avoid any contingencies. The actual cost of the work will be added to the fees of the project for its follow-up until the end of the construction work.

Whether it is for the amount of work or its duration, it is always difficult to come up with a realistic estimate. It is a complex operation, but also delicate in regards to the client's expectations, which should not be disappointed. We have indicated here the most important steps for clean and organized work. Additionally, to avoid unpleasant surprises, it is preferable to propose a larger budget estimate. Indeed, a budget underestimation would risk the whole project and its development.

We hope you found this article useful! Please share with friends and comment if you have any questions. For top-quality construction services in West Hartford, Windsor, Glastonbury, Bolton, Avon, Columbia, Hartford, and East Hartford, turn to Alvarenga Construction LLC. We've been serving the area for years and have a reputation for excellence {service(framing-connecticut)}