The construction industry is characterized by extreme competition, high uncertainty, and a low-profit margin, in comparison with other industries. The reason for this intense competition is the ease of entrance into the construction industry compared to the other industries, even for those who are not technically qualified.
At present, many construction companies are run by builders who are neither civil engineers nor architects but good marketeers. So before you hire the wrong construction company to handle your project, here are five indicators that can help you choose the best construction company.
1) Their quality of communication
Construction is a high contact sector, where effective communication between the site team and the clients, sub-contractors, and suppliers is crucial to avoid communication gaps, mistakes and reworks. Construction companies must have efficient systems and processes in place to ensure there is no gap in communication right from managerial level to the lower levels of the company.
At Mathilakath Creations, our staff at all levels are well-trained to communicate clearly. We also allow our clients to monitor all aspects of the construction project to ensure there are no slip-ups.
2) Delays in delivery
Time costs you money. Any delays in the completion of the construction project will cost you money. It would be wise to verify the company’s track record in delivering the project on time. Also, check if they can include a compensation plan in the agreement as this will ensure they stick to the schedule and avoid delays.
As per our agreement, “In case of any delay in delivery beyond the specified date due to contractor’s or company’s performance except for Force Majeure cases, the company shall pay a penalty of 1% of the remaining works every week to the client till the completion.”
3) Testimonials and References
Look for testimonials on the company’s website or social media pages and ask for their contact details to obtain a reference. Through the experience of the company’s previous clients, you’ll understand their credibility before you hire them for your construction project. People will only recommend if they are satisfied with the service received.
Good companies are transparent and will not hesitate to provide you with this information. They have a reputation for being professional and not making false promises or having hidden costs.
4) Customization and Extras
We all have our own choice and requirements for building homes. Good construction companies understand that each building is different from the other. Therefore, they allow customisation in the design and specifications to suit your needs. Accordingly, they alter the rates and timelines before signing the agreement.
An experienced and well-reputed construction company will not surprise you with extra charges for add on features. At Mathilakath, we provide all-inclusive packages that comprise compound walls, underground sump, overhead tank, parapet, protrusions, design, service, and other essentials.
5) Well-versed with all the construction products and brands available in the market
Good construction companies will be able to provide information and recommendation for the type of products to be used in the construction of your building based on your requirement and budget. By providing you with the pros and cons of the available products in the market, construction companies can help you make informed decisions.
A small mistake during construction can cost you a lot of money and time. Therefore, it is important to choose an experienced and knowledgeable construction company who can get it right the first time. We hope that the above five indicators can help you choose the best construction company to handle your project.
In the past eight years, we have completed over 58 projects for 52 satisfied clients. Get in touch with us today for more information about construction.