Companies large and small are managing their funds tightly to combat the unknown of this political and economic climate. So moving yourself is a good idea…right? Actually not.
Most companies move every two to five years so the talent and experience needed to have a smooth build-out and relocation is not available unless you are a very large company with real estate and facilities departments.
There are so many facets to the business workplace that without major planning and research many requirements are destined to be missed, resulting in a firefight, always at the wrong moment. At what cost? The person or team who are assigned this project already have “day” jobs, demanding deliverables that won’t stop because of the company’s move. While an intangible that challenges the talents of many a CFO, the bottom line cost of productivity loss can become enormous with employees doing double duty.
Beyond the intangible costs are the real dollars. Who do you call for design, construction, FF&E, data/voice systems, signage…? Do you get only one quote? Do you make time to get the recommended minimum three quotes? All of this remains to be done…after the time it took to find the new location and obtain the lease.
The cost variances between vendors can be huge. DP Wilder & Company, on a recent build-out and relocation, requested three quotes on new flooring for a 5,000 sq’ suite. The dollars in the quotes received reflected a $7,000 difference for the same flooring. This quote difference will happen in every aspect of a workplace’s build-out and relocation. Do it wrong and the DIY effort can cost tens, if not hundreds of thousands of dollars more than hiring DP Wilder & Company.
If an employee gets hurt during the project, the resulting workman’s comp claim can cost the company thousands per year and the possibility of an audit which may result in reclassified positions, costing the company even more for years to come.
Moral to this story:
- It is the hard work and deliverables that have put the company in a position to relocate. What will the impact be, re-assigning resources to the company’s new workplace project?
- There are many project management and facilities companies in every market, but they have in-house services such as design, construction, etc. which all add overhead to their businesses and increased prices to clients. DP Wilder & Company is a vendor neutral project management company, we are the temporary employees (without the employee costs) to make the new workplace “home”.
Call DP Wilder & Company, the construction and relocation sanity company. (408) 440-8393