Whether residential or commercial, construction projects are littered with complexities and mired with potential issues. Working with a professional construction consulting firm, like Fischer CM, can mean the difference between a huge project success or an utter failure. As a construction management firm our role is to ensure a smooth project journey that results in the best outcome for all parties involved. The benefits of using a construction consulting firm are many and the strikes are few, which is why so many contractors, lenders, owners and others involved in the process prefer to have one on board.
Check out some of our completed in our gallery or if you would like more information on how we can benefit you with our residential or commercial construction company services, give us a call!
The Advantages of Working with a Construction Consulting Firm
There are several different parties involved in a construction project, whether it is large or small. The complications can vary and the necessities change per project. Because of the intricacies involved in the process, often using a construction consulting or project management firm makes all the difference. Here, we focus on the specific benefits for lenders, owners, and contractors.
How Lenders Benefit from Using a Construction Consulting Firm:
- They save on time and money – By having us involved, lenders get the benefit only outsourced loan monitoring and accounting can bring. We handle the documentation, accounting, and communications with the contractor, leaving the lender with more time to underwrite and approve loans.
- Up-to-date information – Lenders want to know about the strength and success of a project, and our construction consulting firm helps by being able to provide them with information from the various parties to the project, from the architect to the engineer.
- Direct payments – Since we handle the direct payments for goods and services, we therefore reduce the risk of liens to the lender.
- Liaison services – Our phone call intake regarding all aspects of the project means the lender is spared having to handle questions, information requests, etc., from multiple parties and instead only have to worry about communicating with one!
How Owners Benefit from Using a Construction Consulting Firm:
- They enjoy proactive involvement – Involvement by a construction management firm means proactive involvement aimed at keeping the project on track, for less than the cost of a performance bond.
- A seasoned eye cast over project documents – When we review the project contract documents, we can look out for any potential problems or gaps, etc. Prevention is much more cost-effective than paying for a remedy!
- Monitoring fund usage – We can make sure the funds procured for the project are being spent as intended, including ensuring contractors have been correctly paid up to date and more.
How Contractors Benefit from Using a Construction Consulting Firm:
- Bond limits – Contractors often run into the limitation of single job and aggregate bonding. Controlled disbursements as provided by a construction consulting firm would expand their capabilities with more opportunity from entities such as the Small Business Administration. Further, this would also cause no impact on their aggregate bonding limit.
- Credit line assistance – When contractors find themselves limited by low credit limits with suppliers, a construction consulting firm can often help simply by our ability to ensure direct check settlement to suppliers.
- Lien releases – We can assist general contractors by offering completed lien releases for subcontractors and major suppliers.
Learn More About Our Construction Consulting Services
If you are planning a residential or commercial construction project and would like the benefit of working with a professional commercial construction company, please connect with us. In Missouri, Illinois, Kansas, Texas, and Florida, we look forward to letting you know just how we can help!