Managing construction projects is a very important part of the investment. In fact, the success of each element of the construction process depends on proper planning, coordination and monitoring of your progress. Improper construction management can lead to some unwanted financial and functional consequences.
Investors can choose different investment methods. They have the option of performing a general contractor’s work or using the services of various specialized teams, carrying out various work steps. The construction manager is responsible for the proper execution of each project. It must make decisions related to the implementation of all stages of construction works according to the project. The construction law in force in different countries can also be applied to the various formal tasks of the construction manager regarding the implementation of investment security and communication with bodies controlling the works.
Hiring a major contractor allows the investor to make all decisions regarding time management, employee selection, purchase of construction materials, and rental of equipment needed for the realization of certain jobs. The main contractor decides, when it comes to selecting the participants in the construction project, planning their work and controlling the costs. Thanks to this solution, an investor does not necessarily have to participate in making certain organizational decisions, such as the choice of material.
The main disadvantage of hiring a major contractor is the risk associated with project costs. Increasing work efficiency, choosing cheaper materials, and saving equipment leases do not benefit the investor, but increases the amount of money that we have to pay for the main contractor. That is why many people hire inspectors whose job is to take care of the interests of the investor.
The main investment with various construction teams requires experience in planning, budgeting, procurement of materials and equipment, as well as determining the performance requirements and selection principles for the experts involved in the project. All these tasks are given to the administrator. Their work can include continuous coordination of work and supervision of contractors working in a specific place.
Investors who do not have enough experience in managing construction projects are trying to name project supervisors whose job it is to co-operate with the construction manager and take control over procurement, materials and equipment. Many construction executives have their building materials importer and suppliers of all the equipment required for any investor requirement.