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Planning and budgeting for a construction buildout is an important process. The first
thing you need to decide is the type of delivery method for the contractor. The two most common
types are competitively bid and design build.
We're big fans of design build. Design build establishes your team of architect, contractor,
construction manager, real estate adviser, and owner all upfront. If they're all on the
team at the same time, they can make the process much more cost effective, much more efficient,
reduce change orders, and deliver the project on time and hopefully under budget.
To get the whole series of 26 one-minute videos that answer your most important questions
about commercial real estate, visit TheHeritageGroup.com/Tips.