10 Helpful Tips, when starting a new project, to “Go It Alone”

with No Comments

Starting A New Project.

 

Everyday someone starts a new project somewhere and lots of them want to do it themselves which is just fine for a lot of projects but there are some where, if you’re not very skilful, knowledgeable, or careful, going it alone can lead to unintended results. Sometimes they can be catastrophic.

When it comes to starting a new property development project we know that a lot of people out there want to do it themselves, so to help them we have compiled a checklist of sorts to help smooth the way.

We’ll start with a presumption:

That there is both a budget and a timeline and that it’s important that the project is built and completed with the parameters of each.

starting a new project
Plan – don’t just roll the dice!

1 Planning:

One of the first issues when starting new project is setting up an effective timeline and budget for completion if you want to be successful. The goal should be to complete the job with minimal delays or cost overruns; however, this requires careful planning and management from start to finish. Therefore, you would be wise to develop a comprehensive plan that takes into account all of the necessary steps in the building process, as well as potential risks and contingencies. This allows for better control over costs and timelines while also helping to ensure quality workmanship throughout the project.

2 Knowledge:

Next, when starting a new project, you may need to brush up on your knowledge. It will be very useful if you have a comprehensive understanding of local laws related to zoning regulations and other legal matters pertaining to construction projects. You should be aware of what permits may need to be obtained from local agencies prior commencement of work as well as being able stay up-to-date on changes in legislation that could affect how certain aspects of the job need to be done/completed. Workplace safety is one of those areas. Making sure all areas of the job site remain safe throughout construction is vitally important. Laxity in this area could see your job site closed down or, worse still see somebody get injured, potentially imposing a severe financial penalty on you.

3 Assembling a Project Team:

The next issue when starting a new project is selecting qualified contractors who can finish the job on time and within budget. This includes professional consultants as well as building and civil contractors.  A good Surveyor probably should be the first consultant you appoint. This can help save time, money, and frustration during construction by ensuring that only experienced workers are hired for each phase of the job. Remember, a team is only as good as it’s weakest link!

4 Monitoring:

Next you must take an active role in monitoring progress throughout all stages of construction. By staying abreast of any changes or delays that may occur along the way, they can quickly address any issues before they become major problems down the line. You should also be familiar with local laws regarding building codes so that any mistakes made by contractors or other personnel do not lead to costly fines or delays later on in the process.

starting a new project
Make sure everyone is on the same page

5 Communication:

Next, it is essential for you to maintain good communication between all parties involved including subcontractors, architects/engineers/designers, suppliers/vendors, Council & Utility officers etc. Regularly communicating updates about changes in scope or timeline, so everyone remains informed about how their contributions fit into larger goals set forth by management at every step along the way is vitally important.

You’ll likely also need to ensure that all other stakeholders are kept in the loop too throughout the entire process. This may include communicating with investors, tenants, lenders and other parties who have an interest in the success of the project. By doing this, you will help to maintain a positive relationship between these groups which is essential for any successful venture.

6 Documentation Management:

Next, it’s important for you to keep track of relevant documents such as contracts, plans, variations and permits so there are no surprises when trying complete tasks associated with those items down-the-line. Development projects can and do generate a lot of documentation, much of which can look similar but may vary in small but important ways, especially if a dispute arises down the line and evidence is needed for legal action.

7 Materials Management:

Next, you must ensure that all materials and supplies are delivered on time and in the proper quantities. This includes verifying orders before they are placed to make sure they meet specifications, as well as scheduling deliveries so that there is no delay in production.

starting a new project
Working things out can be complex

8 Cost Management:

Next, remembering it is you who is responsible to pay all the bills, you are responsible for tracking all various costs throughout the entire building process. You need to ensure that you are staying within budget. In addition to keeping tabs on these costs it is also important to keep an eye out for any potential cost savings opportunities which can help reduce overall expenses associated with the project.

9 Site Inspections:

You will need to coordinate inspections from local Council departments, and possibly fire or health inspectors, and other applicable agencies which must certify compliance at various stages in the project and prior to occupancy . You may also need to conduct regular walkthroughs during various phases of construction make certain safety protocols being followed at every level, dependent on the type and scale of the project.

10 Problem Solving:

You should be adept at problem solving and decision making during unexpected events or emergencies that may arise during construction. Problems of one kind or another often crop up. You should be able to quickly identify potential solutions while also weighing their options carefully before acting, so as not to cause further delays or costly mistakes down-the-line. You must be careful that changes do not compromise the integrity of any Council or other approvals you have in place for the project.

Bonus Tip:

When starting a new project, be sure that you allocate a lot of your time if you wish to be successful. It won’t always suffice to budget for that time to be after hours or on weekends either. You will need to be “at the ready” so be prepared to be interrupted, usually at times that are inconvenient.

Finally, whilst this list is reasonably comprehensive, it’s not meant to cover every little thing and we take no responsibility for anything we may have overlooked or missed out, sorry. After all, these are just some tips for those wanting to “go it alone”.

starting a new project
Take charge! You’re the Project Manager.

If you change your mind, we’ll always be pleased to help out instead. Get started here

In fact, it may not cost you anything either – click here to find out how