As an industry leading, Senior Living and Multifamily General Contractor, we know that one of the primary concerns for most developers continues to be staying within budget. A crucial part of meeting these financial objectives is controlling costs from the start and maintaining that control throughout the life of the project. At The Douglas Company, we take this seriously and make a commitment to our clients to come up with the best price solution possible. Here’s six ways that we control costs as a General Contractor:
1. Development Planning & Leadership:
From the very moment we receive information about a new project, we begin to invest our time and resources into comprehensive planning and design. The work that’s done at this phase, looking into absolutely every detail of the project, lays the groundwork for keeping within budget and reducing surprises along the way.
Our leadership team works closely with architects, engineers, and the... Read More >
Recently, Bob Ritter, Douglas Company Director of Business Development, and I had a discussion with an architect we had worked with once in the past about progressive approaches to control costs and risks in senior living development. This discussion ran the gamut from upfront information gathering to control risks, proper planning for development costs to ensure they are inclusive, proper construction cost budgeting, control of design to meet budgets, and control of risks during construction to help assure a project’s success.
What was remarkable about this discussion was how similar our approaches were in our efforts to contribute to our clients’ success. A team approach with the architect and contractor working with the owner to achieve project goals works, and has been increasingly accepted in the architectural community as the best way to service our clients. As it has been our approach since inception, we are pleased to see this approach’s... Read More >