Factors that cause cost overruns are sometimes beyond the builder
It starts from preconception, from the inception, think of maximizing space with commercial buildings. Are you adopting a minimalist approach to design? It’s your hallway too large for commercial settings? Are you taking the effort to properly plan so as to avoid cost overruns due to common factors like variation in designs, poor financial management, and material price inflation? Have you undertaken feasibility and analyzed the project intensively to know how you could prevent cost overruns? While you are choosing your land, what are the services available, water, electricity, thought of cutting down on transportation involving materials? A critical consideration of all these will help to work within budget.
Proper supervision helps to better economize on material usage
Questions like, do architects outline how maintenance could be a cost burden depending on the complexity of the structure ? Is the client making sure that supervisors are checking the methods of construction through every stage? All these are valid and important considerations towards the overall project cost. With great significance client could save a great deal if they ensure proper supervision on site, said Serwaa Ofori-Nti, a professional Quantity Surveyor. That has been one of the management strategies most contractors or clients lack. With greater reason supervision could go a long way to prevent material wastage and time overrun.
Right from the inception and preconception stages of the construction, architects do not involve clients when finalizing their brief. They do not address difficulty in maintenance or difficulty in construction to clients. They try to persuade clients on modern trends that do not exactly fit the geographical settings and budget, choosing the most sophisticated building materials and designing complicated structures that later require a lot of changes. That’s when variation becomes a serious cost implication.
Contractors must learn to price right from inception
Interestingly, Ghanaian contractors do not price right. Architects do not thoroughly discuss the details of the project beyond the brief to understand the scope of the work and to lay out proper methods of construction that do not later imbibe more cost. The client must fully involve the contractor right from the design stage.
Choosing your finishing materials
Finishing takes a chunk of the contract sum said Serwaa Ofori-Nti. Are clients choosing finishing materials like type of tiles based solely on their contractor’s recommendation? Or are they finding out on their own if there are other options based on their budget? Plumbing, electrical and finishes could create high cost overruns since most clients make variations either based on what others are doing without considering their budget. Clients are always changing the kind of sink, or bath tab, perhaps the lightening or the tiles.
In making sure that cost overrun does not blow up the project and scare you out of putting up your next project, variations should be avoided and the appropriate materials and methods must be selected right from the design stage.
Location may not contribute heavily to cost overruns
Every location meets different cost implications. You may choose remote areas and face challenges pertaining availability of services like water, good road and electricity. If you choose the urban areas, you may face challenges like traffic which increase the rates, or you may have to block the road at certain points and ask for permission from authorities. You are aware how long it takes for these government agencies to grant permission. All these may in small ways contribute to equal contract sums whether the area is East Legon or Suhum.
Therefore, in order to limit cost overrun on construction projects. You would be better off asking yourself as many questions as possible as possible, even while engaging your contractor on the scope, or form you would like to have your finished construction project.