happen.
This is why it’s so important to maintain your budget and stay within it. You must also maintain a contingency budget, something that will surely be used. If you barely make your buildout budget, chances are you will end up going over it by the end of the project. Just like each part of this process, you need to plan ahead to reap the most financially at the end.
IF YOU CHOOSE YOUR OWN CONTRACTOR
If you do this, most likely you will be fully responsible for payments, deposits, and the timing of these throughout the bidding and buildout. This is a huge responsibility. You have to make sure payments are made on time. It’s another thing for you to worry about. After the completion of the work, the landlord will have to reimburse you. Another step that could take time or be a pain. It will also be up to you to make sure the contractors are fully licensed and bonded. You need to know what you are getting into by choosing your own contractor. I recommend you let the landlord and their team do this. It’s their building and you can give them this responsibility. Plus, if something goes wrong it costs them money on their own investment. It doesn’t cost you extra money on their investment. You also won’t have the time that is required if you still have to do the day-to-day aspects of your normal job. This part of the process is about seeing the product’s final designs and making a final decision on each element. Once that is nailed down, the bids are made and a company is chosen to complete the project.
I have to stress, things will go wrong during the buildout. You
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