How to Save Money on Construction?

If you are building a new home, or are a construction manager, you want to keep costs reasonable. From buying prefab to finding used crane mats for sale, here are ways to make smart choices and save money on construction.

Smart Choices for Planning

You should be involved in the planning. Even if you don’t understand all of the technical details, you should have a clear idea of what is going to happen and when. Most contractors will sit down with you and go through the plan with you. Pay attention to see if they have included any details you don’t need and could save money by omitting (ie: special molding). If you are a manager, keep an eye on employee productivity. If your workers wait several hours for equipment to arrive, that is money wasted.

Always budget more time and more money for unplanned complications. Leave room in your budget for emergencies, and give yourself an extra 2-3 weeks of time in case production is slowed for any reason. Be sure to evaluate your contractor fastidiously and check references before you hire.

Smart Choices for Design

If your structure will be fairly simple, consider buying prefabricated or modular designs. The savings will quickly add up, and you will save on time as well. A prefabricated building can cut the overall project time by 1/3 and will require less laborers as well.

Labor wages are typically $18-$25 per hour for construction. If you can screw in a light bulb, mount a covering, paint a wall, or lay down flooring, then by all means do it yourself. If you do not have experience you should leave it to the professionals. If you install something wrong you could potentially delay the whole project and end up costing more in the long run to fix your mistakes. So stick to the small, inconsequential projects you are comfortable doing.

Smart Choices for Materials

If you are the homeowner you could consider buying the materials yourself instead of going through the contractor. Purchasing the materials yourself will often save you money, and you will have access to the materials. This way, if the worst case scenario happens and you have to find a different contractor, you will still have the materials.

If you are a construction manager there are several ways you can save money on materials. Look for online stores that offer free shipping, or retailers that offer bulk discounts. You can also find refurbished and reclaimed materials such as used crane mats for sale.

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