When taking on a commercial office refurbishment London project, it is essential to consider multiple factors influencing the cost. These can range from the material costs for everyday items such as new furniture and fixtures to the installation and delivery fees of these items to designer fees if you are working with an experienced commercial refurbishment company in London. All these ‘satellite’ costs should be factored into your whole budget if you want a better understanding of the total cost for your commercial office refurbishment project.

The financial impact of an office refurbishment

The financial impact of a refurbishment is challenging to measure entirely because the new design of your office, mainly any new equipment you may have had installed, leads to increased productivity and more significant potential for expansion over time. So, we’ll focus on the known costs associated with an office refurbishment London project: immediate and hidden charges.

Immediate refurbishment costs are anything you must pay to have your office taken apart and put back together again. These costs include design fees, planning fees, and the figure associated with the labour and materials.

Hidden refurbishment costs

Refurbishing a commercial office is an attractive way to breathe fresh life into an outdated building. Still, the hidden costs associated with such a project can often be longer lasting-than anticipated. Not only must businesses find swing space to do business during the rebuild, but commercial office refurbishment projects also present unexpected changes in rent and power usage. Depending on the upgrades made to a business’s IT and infrastructure, the energy used may even increase as modern equipment tends to be more power-hungry than older models. Knowing these hidden cost elements associated with commercial office refurbishment is critical for businesses when deciding if it is the right move for their long-term success.

Compliance with legislation

When commercial office refurbishments and fit-outs occur, a project manager is responsible for ensuring that the project remains compliant with applicable legislation. This means engaging independent parties to perform assessments against the plans and any works, including fire plan assessments and environmental impact assessments. These cost considerations must be weighed into the overall ledger to remain faithful to the budget and ensure compliance across all areas.

Security is always important

While commercial office refurbishment can certainly refresh and add value to your business, it is important not to overlook the potential security risks that come with a building site. Working with an experienced commercial refurbishment London expert will help you make sure that your work environment is secure so that you can rest assured that your business operations are safe. Additionally, suppose your commercial refurbishment interferes with the regular functioning of the business. In that case, you should consider planning for expenses such as lost earnings or night security staff to ensure that your office is properly secured during this time. Make sure to discuss these issues thoroughly with your commercial office refurbishment project manager before the work begins, and have a plan for continuing operations without interruption.

You can always talk to us if you have any questions about what to expect when you embark on a refurbishment.

Email sales@polyteck.co.uk or call us on 020 7481 0222.