There’s always more work to be done when you’re a construction company.
From new buildings to general maintenance, sometimes it’s all they can do just to stay on the ball, much less reinvent the wheel. Thankfully, they don’t always have to. Concrete is one area that’s being specialized in for a regular return on the investment. The United States today is being faced with a backlog of buildings that need to be built and roads that needed to be patched up yesterday. When you need a reliable resource to get that project off the ground as soon as possible without a drop in quality, concrete contractors are ready and waiting.
Learn a little more about construction project management services by looking below.
First off…let’s look at how construction is doing today. According to recent U.S. Census Data, the span between December of 2014 and December of 2017 saw spending on hotel-related construction increasing by nearly 60%. Office-related construction also saw a boost in activity by 45%. Not only are multiple industries doing their best to expand and accommodate new customers, repair jobs are a must-have if you want to keep everyone safe. This means paving your driveways, cleaning debris from your parking lot, and double-checking your building foundation with the help of a professional.
Let’s keep going. The year 2016 saw nearly $75 billion worth of commercial buildings being put in place. Building contractors are also increasingly being faced with the request to incorporate more eco-friendly components in their design work. Data revealed by the Energy Information Administration found over 70% of commercial buildings being much smaller than usual, with an average of less than 10,000 feet in size. This can also extend to more eco-friendly building materials that retain heat and are easier to recycle than conventional resources.
The construction industry is, to put things mildly, growing at an exponential pace. The commercial sector, in particular, is considered the most active. Back in 2017 the construction industry added a staggering 200,000 new jobs, with 30,000 of these being created in December alone. This is up from 155,000 jobs just the previous year, putting you in a very good spot to find concrete contractors that can fit your budget. According to a study provided by the U.S. Chamber Of Commerce, two out of three construction professionals believe the market will continue to grow throughout the year.
It’s not just older companies and older managers that want to reach out to concrete contractors for good deals. According to the recent Real Estate Investing Report, over 55% of Millennials today are interested in real estate. This is actually the highest percentage of all demographics questioned. With spending only getting higher from here now’s a good time to become familiar with construction project management services in your area. They can make sure you’re always building within your limits while stepping out of your comfort zone.
The first question you should ask is about green initiatives. Not only is this good for your ROI, it communicates to customers you’re interested in a more sustainable approach. This creates a positive first impression and can lead to more repeat visits compared to the competition. The second order of business will be remaining within your budget. Thanks to both the strong economy and rising customer influence, construction spending is going to exceed an all-time high of $1 trillion very soon. Construction project management is best done when all parties are allowed to specialize to the best of their ability.
What can general contractors do to help you see your project through to fruition?