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Large building construction projects are so complex that the making and breaking of an overall project budget depends much on the pricing. General Contractors would have to consider balancing the books, keeping construction costs at set limits, and other issues regarding timely project completion. One of the often-overlooked aspects of construction costs is the cost of signage, which may play a major business role. ALTIUS Graphics is one of the largest sign manufacturers in the industry and has a solution for GCs looking to mitigate the price risk of signs- a comprehensive signage pricing risk solution and can be a reliable partner in large building construction projects.
The Challenge:
A phased construction project can last for many weeks or even months based on the GCs (General Contractors) overseeing controlling costs that are inflating and at the same time ensuring that works are going on uninterrupted. Extreme examples of such issues include – holds in pricing, extreme inflation, disturbances in inventory supply, or problems with personnel. In a conventional approach, construction owners, including GCs in management roles adopt an RFQ (Requisite for Quote) approach to budgeting for signage cost ahead of the construction process which is generally erroneous. One critical reason for this is that there comes a point when it is realized that some signage is needed only for this moment people’s perception of the costs will be different thus causing budget overruns.
Locking in prices before bidding eliminates anxiety. It guarantees that throughout the project, irrespective of price movements, your expenses remain fixed. To illustrate, if a builder secures a price for construction hoardings or a branded truck fleet before commencing a project, there are no nasty shocks halfway through the job.
ALTIUS Graphics Solution:
As a remedy to this, ALTIUS Graphics has three options for pricing GCs which are as follows:
Lock-in Price: A set quotation that will be locked in for 12 months and brings stability and predictability of signage cost to the GC.
60-day Quote Validity with Inflation Adjustment: This is another wherein the quotation is valid for 60 days but will have an incrementation depending on the regional inflation rate, and the cost will follow that accordingly.
90-Day Quote Validity with Ceiling Price: 90-day quote validity, with ceiling price effective for the following 12 months ensures that GC’s capped cost for signage.
Why Consider ALTIUS Graphics?
Compared to the other signage manufacturers, ALTIUS Graphics manufactures signs in-house, which locks their prices and offers a good solution for GCs. ALTIUS Graphics is a trusted partner for GCs because of its solid track record of delivering quality signs in large building construction projects, like schools, universities, hospitals, hotels, and office complexes.
Conclusion
Precisely speaking, pricing in the context of signage for huge building construction is, no doubt, one very high-risk factor in this highly complex world. It is on this premise that the novel pricing options offered by ALTIUS Graphics can be relied upon to afford GCs a reliable, accurate, and comprehensive solution to mitigate some of the risks associated with this construction project. On the contrary, being a partner with ALTIUS Graphics ensures predictable signage costs, minimizes cost overruns, and, by implication, the successful completion of GC projects.
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Q1. Why is signage cost management crucial in large building construction projects?
Effective signage cost management helps General Contractors (GCs) maintain budget control, prevent unforeseen expenses, and keep construction schedules on track, all of which are critical in the success of large-scale projects.
Q2. How can ALTIUS Graphics help GCs mitigate signage cost risks in construction projects?
ALTIUS Graphics offers a range of pricing solutions that include options like fixed pricing for 12 months, inflation-adjusted quotes valid for 60 days, and 90-day quotes with a ceiling price. These options provide GCs with stability and cost predictability, helping them control expenses throughout the project.
Q3. How does ALTIUS Graphics’ in-house manufacturing benefit GCs in large construction projects?
By producing signage in-house, ALTIUS Graphics ensures quality control, competitive pricing, and reliable delivery timelines, making them a trusted partner for GCs managing extensive construction projects.
Q4. Why is it beneficial for GCs to lock in signage prices before bidding?
Locking in prices before bidding helps GCs avoid mid-project cost increases due to inflation or supply chain disruptions. This fixed pricing approach enables GCs to manage budgets confidently and minimizes the risk of unexpected expenses.
Q5. What types of large building projects commonly require reliable signage partners like ALTIUS Graphics?
Projects such as hospitals, universities, corporate buildings, hotels, and public infrastructure developments benefit from dependable signage partnerships to ensure compliance, brand consistency, and timely project completion.
Q6. How does locking in prices benefit GCs during long construction timelines?
Fixed prices guarantee that signage costs remain stable over extended project timelines, helping GCs manage funds effectively without the worry of price surges, ensuring consistent budget allocation across the construction phases.
Q7. How can ALTIUS Graphics’ flexible pricing help GCs adapt to regional inflation rates?
With their inflation-adjusted 60-day quote option, ALTIUS Graphics allows GCs to accommodate regional price shifts, ensuring that project costs stay aligned with market realities while minimizing the impact on overall budgets.
