Every developer and general contractor needs to be aware of circumstances in which their tenants can cost them significant amounts of money. Tenant mistakes can sometimes be extremely expensive if the developer or general contractor has to deal with the financial repercussions of those mistakes.
Any time a tenant wishes to change something about the commercial space that they are renting from you, there are certain risks involved. You want to make sure that the tenant only makes changes that will improve, rather than harm, your investment in the building, and you also want to make sure that they are careful about how they implement those changes so as to prevent damage to your space.
San Francisco is one of the biggest and busiest cities in the United States, and it continues to attract businesses. If you are seeking to build a new commercial property or engage in a commercial construction project in San Francisco, it can be useful to know the different design trends for commercial real estate in the city.
In a still uneasy economy, clients and even subcontractors are often tempted to bypass working with a general contractor and negotiate the project on their own. Although this is something that general contractors should be aware of, there are ways to ensure that clients and subcontractors do not bypass working with your general contracting business.
If you are looking for a few ways to make your contracting business competitive and highly effective, there are four habits that good contracting businesses should employ. All four are discussed in detail below.
Many commercial general contractors, as well as business owners, are considering using contractor controlled insurance programs as a way to help manage risks that are often inherent with building commercial spaces.
If you are a new commercial tenant, you may be unfamiliar with the tenant improvement allowance. However, this allowance is a standard and very important part of a commercial lease or agreement, and you need to be familiar with the allowance and what it can do for you as a tenant.
Every time the economy experiences a dip or a downturn, industries that rely on skilled workers suffer a loss as fewer people pursue training in those fields. The field of commercial construction is no different.
As the economy continues to recover from its recent downswing, the commercial construction industry also continues to grow. However, the industry is still encountering challenges that can affect businesses and investors.
If you are planning to build a new medical hospital or center, or if you are looking into redesigning an existing medical space, consider utilizing some of the new and innovative trends in medical construction to make your patients feel more comfortable and help improve the feel and functionality of the space.