Construction Management: Save Money and Headaches on Your Commercial Construction
When you run a business, you have a lot on your plate. And that workload only gets bigger when you sign a new lease on a commercial space—whether you’re moving to a new location or staying in place, you may have Tenant Improvement (TI) funds to put to use.
That’s great news—you can put those funds to work making your space work for your business needs. But it also requires plenty of work, and a negotiation to make sure you get the most out of your TI dollars.
You could take on the time and expense of managing all that yourself.
Or you could let the experts at Mazirow Commercial take care of it for you. Bring in the experts and save yourself from expensive mistakes.
How We Can Help You
For example, those beautiful (and expensive) Avanti lights your landlord recommends you install in your space. They cost $90,000—and your landlord can get value from them for the next tenants who come after you. But if you can find a similar lighting option for half the price, you’ve just freed up tens of thousands of dollars to spend on other improvements. Even a simple lighting change could result in $45,000 in savings.
And when it comes time to find a contractor and get bids on those new improvements, there’s a lot to be done. Your company will live with these changes for a decade or more—you want to get it right. That means selecting a contractor with high standards and a good reputation. It means getting and evaluating the bids that envision a new plan for your space. And it means keeping the work on time and on schedule. It also means that you’ll have to consider the pros and cons of each contractor, who all charge different prices, have strengths and weaknesses, and differing personalities.
We know—that’s a lot. That’s exactly why Mazirow Commercial is here to help you manage your construction and use your TI funds in the most cost-effective way.
Developing a Pricing Plan
- Decide who will build your new space and how much it will cost
- Get a preliminary bid from three contractors
- Each contractor needs to be briefed on your Space Plan and vision, tour the space, and submit a bid
Selecting a Contractor
- Compare each bid side-by-side, detail by detail
- Compare the contractors themselves—have they done similar work? Are they a boutique firm or a large one? Are they responsive to your questions and concerns?
- Prioritize getting the right fit and aligning your vision with theirs. For example, a contractor who operates on a 200,000 square-foot building may not be the best one to build a 7,000 square-foot office.
- Ensure the contractor is trustworthy. You’re giving them $200,000, $300,000, or $1 million plus. Are they going to do what you need them to? Are they working for your interests?
- Your landlord will need to approve the final choice.
Handling the Construction Process
- Your chosen contractor will create a construction timeline to share with you and your landlord so you can monitor everyone’s performance
- Your contractor pulls permits for the project
- As the construction is finalized, you will receive a Notice of Substantial Completion, which says your office is officially ready to be occupied and you will officially start paying rent. This notice is critical, as it is a formal notice for when rent commences. Ignore it at your peril.
Just like we can help you save money, time, and headaches when you’re signing a lease, we provide expertise and guidance through the construction process as well.
Mazirow Commercial represents only the interests of tenants like you—not landlords. You’ve got enough to do running the business you’ve worked hard to build. Let us handle the construction management for you, so you can get back to growing your company for the future in your new and improved space.
Schedule a Free Consultation
Ready to start saving time, money, and headaches on your commercial lease? Schedule a free consultation today with one of our skilled tenant representation specialists.