Moving into a new office – or renovating your current one – is an expensive business.
Not only must you consider the physical costs of fit out, there are also the behind-the-scenes costs of surveys, landlord’s permissions, finance costs and professional fees. And, if you’re relocating, you may have dilapidations to consider.
As a finance manager, it’s your job to ask tough questions about your office relocation, and to make sure your people do, too. These questions should drill down into areas like the ratio between landlord’s costs and tenant’s costs … all the different iterations of ‘re-fit’ …. the real impact of yield up clauses… the tax consequences of refurbishment …. and whether a lump sum tender really adds up.
Many companies are unaware of the huge cost savings that can be made by managing the hidden risks associated with an office move, or at least, they’re not getting joined-up advice. That means you may end up overpaying in project costs and delays, and shelling out cash that is unreasonable, unjustified and unfair.
If you’re responsible for managing an office relocation or refurbishment and appointing a design and build firm, you will benefit from reading our new whitepaper: How Working with a Traditional Design and Build Firm Could Cost you Thousands.
It looks at the seven key areas where commercial tenants can roll out significant savings in their office fit out project and truly get “more bang for their buck”. Click here to download your copy and make sure you appoint the right design and build firm to be your partner for the journey.
Warning: this paper can help you to manage the risks of an office refurbishment, negotiate concessions, spread the cost, and save money!