Get the most out of your construction budget in 2017

    After a strong 2016 for commercial construction, the American Institute of Architects is anticipating an equally strong 2017, with forecasted growth of 5.6 percent anticipated. While national figures can often be different from the forecasts for Blount County, Knoxville, Lenoir City and Maryville, the team at Leon Williams Contractors is anticipating growth in commercial construction throughout our area this year.

    However, an anticipated rise in the commercial construction doesn’t mean that you should not maximize the opportunities related to your commercial construction budget for 2017. Commercial construction projects often run on tight schedules and even tighter budget constraints, so ensuring that you get the most out of your construction budget can help keep your projects financially responsible throughout the duration of your project.

    Some of the ways to get the most out of your commercial construction budget in 2017:

    1. Utilize Design/Build Services
    You can simplify your commercial construction building process by utilizing design/build services from Leon Williams Contractors. Used correctly, design-build services combines skill sets more effectively to make the most out of your construction budget. In addition, design/build allows you to reduce project delivery time, offer fewer changes and claims, offer continuity between designers and contractors and make the construction project run more efficiently. The benefits of working with a design/build partner like Leon Williams Contractors can help offer the most value for your construction budget in 2017.

    2. Consultation and Site Assessments
    Having access to a site assessment prior to beginning a commercial construction project can help minimize unforeseen expenses related to your project. From determining if your site is acceptable for the type of commercial project that you are creating or assessing concerns as they relate to road accessibility, including a site assessment program as a part of your commercial construction planning can help to pre-plan for potential issues before beginning commercial construction.

    3. Value Engineering
    To offer the most value for your commercial construction projects in East Tennessee, Knoxville, Blount County, Maryville and Lenoir City, the incorporation of value engineering into commercial construction planning and implementation can capitalize on your construction investment. Value engineering services from Leon Williams Contractors can deliver evaluation, construction quality and anticipated project life expectancy of your commercial construction project.

    With high growth expectations for commercial construction in 2017 in Blount County, Knoxville, Lenoir City and Maryville, finding ways to make the most of your commercial construction budget can help keep your project on time and within scope. For more information on how we can assist you, contact the team at Leon Williams Contractors today to learn about our variety of commercial construction services available.

    ////////////////////////////////////////////////////////////////////////////////////
    Share Button
    Building for the future: 2017 Southeast Construction Trends

    Commercial construction has a healthy outlook for 2017, with a rise expected at a rate of 5.6 percent in 2017 after a growth of 5.8 percent in 2016. While recent changes may cause these numbers to show slight variations throughout the year, the team at Leon Williams Contractors believes that commercial construction in Blount County, Knoxville, Lenoir City and Maryville should meet or exceed expectations in the coming year.

    Commercial Construction Leon Williams Contractors Design Build Services

    At Leon Williams Contractors, our principals have been designing and building for the residential community and for the commercial needs of Knoxville and East Tennessee since 1964. For generations, Leon Williams Contractors has worked with commercial clients throughout our area on a wide variety of projects. While we have seen a number of trends in commercial construction come and go throughout the years, we believe that these predictions will be a part of construction trends in the Southeast for 2017:

    1. Importance of Design/Build

    The use of design-build services versus traditional design-bid-build services will continue to grow in 2017. Design-build services are designed to lower unit costs, improve construction and delivery speed, while also reducing unnecessary growth related to costs and schedule. With nearly 40% of non-residential design and construction being created as design-build projects, the benefits of working with design-build partner like Leon Williams Contractors can create better outcomes for your commercial construction projects in the coming year.

    2. Utilizing Site Assessments

    As commercial construction grows in 2017, understanding the importance of site assessments will be critical for businesses that are looking to grow their footprint without expanding their costs exponentially. Utilizing a site assessment program as a part of your commercial construction planning can help to identify, assess and pre-plan for potential issues prior to the construction process, allowing businesses to save time and budget overages.

    3. Jobs Growth for Skilled Construction Workers

    Anticipated growth in the commercial construction sector is a potential boon for those looking for jobs related to construction in the coming year. With construction employment rising in 39 states in the past year, opportunities are available for skilled construction workers, although the existing pool of skilled workers continues to dwindle. To help find and train more skilled construction workers to meet demand in Tennessee, the state created a program in 2016 called Go Build Tennessee to help encourage young people that are interested in the construction and contracting industries to become skilled tradesmen. The team at Leon Williams Contractors is committed to the growth of the trades in East Tennessee, Knoxville, Blount County, Maryville and Lenoir City and encourages those looking for job opportunities in our area to pursue a career in the skilled trades!

    2017 is shaping up to be a busy year for the commercial construction industry in our area, so if you are looking for assistance with commercial construction or design build services in Blount County, Knoxville, Lenoir City or Maryville, contact the team at Leon Williams Contractors for more information about our services.

    ////////////////////////////////////////////////////////////////////////////////////
    Share Button
    Avoiding Fraud in Commercial Construction

    The commercial construction industry is no stranger to the risk of business fraud. With a large number of entities involved, construction is more susceptible to risk than many other trades. According to a recent article by ENR Southeast, fraud accounts for 8% of the U.S. GDP. With construction making up 5% to 10% of the national GDP, the impact of fraud hits hard for the industry.

    How can your construction business reduce the risks of fraud? ENR outlines steps general contractors can take to protect themselves and their business from potential fraud.

    • Know your subcontractors. Most risk can be attributed to the relationship between a general contractor and subcontractors. Do you truly know them? A large portion of your success hinges on the work of subcontractors. Building strong relationships and taking an active role in your subcontractors’ work can reduce fraud risk. Keep communication lines open to alleviate any tensions, and promote a team environment.
    • Record-keeping. Diligent record-keeping can make the difference between catching fraud or letting it slip through the cracks. Construction fraud often happens when documentation is lacking. Keeping a paper trail throughout the design-build process adds a sense of accountability. Being aware of how contracts and policies read can also prevent misunderstanding between subcontractors, clients, and employees.
    • Separating tasks. An integral part of reducing risk with documentation lies within segregating financial responsibilities. Be sure whoever is responsible for invoices is not responsible for receipts as well. The classic principle of checks and balances can prevent misrepresentation of funds and safeguard against fraud.
    • Conduct audits. ENR cites the motto, “You get what you inspect, not what you expect” as a best practice for lessening fraud risk. Audits should include reviewing paperwork for discrepancies and reviewing onsite practices. If reviews and audits are conducted independently and on a regular basis, commercial construction businesses will be able to readily identify risk factors and areas of improvement.

    Taking a more active role as a general contractor will reduce the risk of fraud drastically. Fraud, unfortunately, may still occur; but by taking certain measures, contractors can be more prepared to avoid business fraud and encourage compliance.

    ////////////////////////////////////////////////////////////////////////////////////
    Share Button