Cost control is a major challenge in both small DIY renovations as well as major construction projects. With average construction costs continuing to rise year after year, it’s never been more important to implement cost saving strategies throughout your project.
Here are a few tips and tricks for cost control from the experts at TommyRun!
1 – Establish a realistic estimation of costs:
Before breaking ground on a new project, it’s important to do the research and develop accurate estimates of expenses.
Research and planning enable you to make adjustments to your plan before you have committed time and resources. This prevents mistakes and creates opportunities for savings.
The best way to establish a realistic estimation is by taking multiple bids on different aspects of the project, allowing you to create a range of expense projections.
2 – Control costs throughout the project:
Once you have a plan in place, it’s time to get to work. Throughout the project, monitor expenses and work to keep them in line with your estimates.
Communication is important for this goal. Work closely with your team and get feedback on the progress of the plan. Clarifying the project with your team mitigates the risk of mistakes, saving time and money in the long run.
3 – Minimize delays and increase labor efficiency:
It’s not always easy to prevent delays, particularly when working with a large number of subcontractors. The more efficient your schedule, however, the better you will be able to control costs.
Minimizing delays requires efficiency in your labor. It is critical to utilize the skill set of your team and any 3rd party contractors to the best of their abilities.
Match the skills and abilities of each of your team members to an ideal task. They’ll also have greater job satisfaction working on projects that utilize their talents. It’s a win-win.
4 – Manage your inventory and materials:
For your team to work efficiently, they also need materials, tools, and other equipment to be delivered efficiently.
Since materials may account for 50-60% of your overall budget, it is important that you manage them efficiently.
Materials management has two primary aspects. Firstly, it’s important to prioritize lean construction throughout the project. Emphasize to your team the importance of avoiding waste and maximizing the use of materials.
This is particularly important if the materials in question are in short supply, an all too common issue during the ongoing pandemic.
The second aspect of management is in the transportation and delivery of materials. You need reliable fulfillment partners to ensure that you get the inventory you need where and when you need it.
That’s where we come in.
5 – Utilize TommyRun for a convenient, intuitive, and cost-effective delivery experience:
TommyRun speeds up your construction process and saves you money with fast and effective delivery for appliances, equipment, and building materials.
Order whatever materials you need through our app, and we’ll find them in stock at a local supplier. If you’ve already ordered materials, we’ll pick those up too!
Our expert drivers safely and efficiently deliver materials right to the job site. All the while, you’re able to maximize efficiency by keeping skilled labor at the job site. We take care of the delivery so that you are able to focus on the task at hand.
For an issue-free delivery process, TommyRun is here for you. Download the app and kiss your transportation woes goodbye!
