HOW TO STAY ON SCHEDULE & ON BUDGET FOR ELEVATOR UPGRADES

HOW TO STAY ON SCHEDULE ON BUDGET FOR ELEVATOR UPGRADES
Reading Time: 2 minutes
Print Friendly, PDF & Email

As an elevator company, you should always be on the lookout for any means of increasing your services’ market value while cutting down energy consumption, reducing safety risks, and increasing user experience. One excellent way to achieve all of that is through elevator modernization.

However, confining yourself to a reasonable budget while ensuring the project’s timely completion is an ongoing challenge. It requires proper decision-making and an approach steeped in in-depth research. Here are the top 3 effective ways to plan your property’s elevator modernization.

Establish Clear, Detailed Contracts with Your Client
Asking your elevator company for written paperwork about the project’s details is the first thing you need to do. The contract indicates each party’s limitations in their technical and financial obligations, the work timeline, budget, and a contingency plan to offset any unforeseen circumstances. For example, if the timeline is at risk, we might adjust the payment terms and schedules, such as overtime work and providing alternative building access. That guarantees the project’s timely completion while taking care of your tenants’ and guests’ needs.

Create a Project-Management Approach
Working with a project manager/consultant is critical because they can provide valuable help through modernization recommendations, developing a plan, and hiring the most suitable company for the project. They advocate the buildings and users’ needs to us, and in return, provide feedback on the projects’ technical requirements and progress. Most critically, they confine the modernization work to your budget and a specific timeline.

Alternatively, you can choose to work with us directly when the time comes. We’ll work with you to establish clear and effective communication channels for timely updates on work’s progress, and changes on payment plans as these affect the successful and on-time completion of the project’s benchmarks.

Leverage Non-Proprietary Equipment 
Although using non-proprietary equipment doesn’t compromise safety, comfort, or aesthetics, it impacts your long-term prospects on your building. We discovered that using non-proprietary when modernizing in-house vertical transport systems can save you up to 50% of modernization costs. The upside to using non-patented equipment is that it provides the liberty to choose your preferred maintenance company instead of relying on the equipment’s manufacturer.

Implementing elevator modernization projects can significantly dent your finances. Strategic project planning guarantees elevator updates at affordable prices. Contact Insta Answer and learn more on how we’ll handle your emergency calls and response needs.

Picture of Steve Samuels

Steve Samuels

A respected contact-service executive and thought-leader, Insta Answer CEO Steve Samuels has over 30 years experience in the industry. Steve posts his insights here on our blog weekly (and sometimes more.)

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Search All Our Blog Posts

Recent Posts

Contact Insta Answer

Need more information about our best-in-class services? Use the form below to reach out and contact us for more information.

Folllow IA On Social Media

Sign up for our Newsletter

Sign up to our newsletter to stay informed when we post new, useful content on our site.

Optimized by Optimole
0
Would love your thoughts, please comment.x