Strategic Budgeting: How to plan for your next commercial project

Whether you’re a property manager, facilities manager, or building owner, you probably have some say in the budgeting and planning process for interior and exterior commercial painting projects. To help you execute these processes more strategically, our team would like to share some actionable tips you can use for your next commercial interior or exterior project.

Consult with industry experts

Consulting with industry experts is a useful budgeting approach, especially if you’re unsure about the needs of your commercial property. You might use this strategy to gain a better understanding of the nuances of your project scope or best practices for your facility to better plan for potential costs. This can be especially important because, without knowledge of what services or materials you need, the budgeting process becomes more unclear and unpredictable.

Plan for your budget in advance

Planning for your budget in advance is especially important because it provides you with more time to make important decisions about your commercial projects, like the order you choose to execute each of them, based on price and need. Having these conversations early can make it easier for your team to feel prepared, budget, and financially organized when it’s time to start your project.

Note: The specific industry you work in may influence how far in advance you plan for your budgeting. Also, most commercial painting companies carry a backlog that can impact your start date.

Begin your quoting process early

Once you know your budget and the personalized needs of your commercial facilities, you can also begin your quoting process early. Taking advantage of this is beneficial for you to get the information you need to evaluate different painting partners strategically before choosing one for your upcoming project. If you’re unsure about what to include when you’re putting your request for proposal (RFP) together, our team has the expertise you need. With our price shopping tool, we can help you build the necessary scope for the quoting process.

Compare potential painting partners and their prices

After you’ve received all of your quotes, you can start comparing potential painting partners and their prices. One strategy you can use when doing this is listing out the specific differences between each potential partner, including their offerings, processes and quoted prices. Doing this will provide you with a better visual to determine which partnership is best for your company.

It’s especially critical to examine the differences between pricing to make sure that you’re able to stay within your business’s allocated project budgets. If you notice that none of the quotes you received are within the budget, you may want to further consult with each of your potential painting partners.

Understand your company’s needs

As you continue to budget for commercial projects, it’s beneficial to reflect on previous budgeting seasons to better understand the needs of your company. This might mean identifying what works or doesn’t work with your budgeting process, and making adjustments to ensure that future projects are more seamless. It may seem like more work at first, but you can gain long-lasting results that allow your processes to grow with the needs of your business’s facilities.

Need someone to consult with or interested in getting started with your quote?

If you need someone to consult with regarding your property or are simply interested in getting started with your quote, our team is happy to connect with you to help. To connect with us directly, send us an email at ​​[email protected] or call us at (317) 252 – 0334.

You can also fill out our online commercial painting quote request form if you already have a project in mind!