No matter the size of your business, the industry you’re in or the number of locations you have, it’s almost certain that you’ll have to plan capital projects.
Whether you want to remodel restrooms, customer seating areas or entire storefronts, or extensively upgrade plumbing, electrical or HVAC systems, capital projects are an important part of long-term operations. Improvements to the physical and aesthetic components of your business can pay off in the long run only if these projects are designed and executed efficiently.
Because of the significant costs involved with capital projects and the impact they have on operations during and after completion, your company needs dependable partners to help craft and execute an efficient strategy.
Understanding the importance - and cost - of capital projects
Capital projects are defined in large part by their cost and complexity. Investopedia highlighted these two factors as setting capital projects apart from the many other types of improvements your business may decide to make.
Effective decision-making and detailed consideration of all the factors involved are critical for success when it comes to capital projects. Diving into these efforts without a thorough plan can lead to negative customer experiences and prevent a business from performing to its full potential during the term of the project.
With the investment of time and money required to complete a capital project, the last thing a business wants to do is encounter delays or realize it needs to allocate more resources to reach the finish line. That's where a skilled, project-oriented facilities management partner can make a significant difference.
The benefits of a trusted facilities management partner
Your business has plenty of experience in managing day-to-day operations and working toward its long-term goals. It may not have as much in-depth knowledge with capital projects, in which case outside experts and skilled tradespeople need to be brought in to handle much of the work. In these situations, a dependable facilities management partner can help to:
Connect your business to the best possible service providers
Established facilities management companies have strong relationships with trusted technicians. At Vixxo, we carefully vet each and every technician before connecting them with our partner businesses. That means service you can count on, no matter the specifics of your project.
Manage capital projects and follow strict standards
The challenges of planning and executing a capital project are many. But that doesn’t mean they’re impossible by any means. With the the right partner that has played a critical role in many similar projects in the past, your business has a better understanding of risks and potential issues. This resource helps your company execute more effectively, avoiding unnecessary costs and delays.
Because of our commitment to following strict standards - and by ensuring our partner technicians do the same - you can expect results that adhere to relevant building codes and regulations
Pay careful attention to budgets and costs
Price is an especially important element of capital projects. Major renovations and upgrades simply aren’t cheap. With a trustworthy partner developing clear plans and providing support at critical junctures, your company will keep a better handle on the investment required for these efforts.
Engage in effective communication
We emphasize consistent, detailed communication throughout each and every phase of a capital project. We also prioritize scheduling and work with you to address any issues in a fast and efficient manner.
Get in touch with the team at Vixxo today to learn more about how we can help you.