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Revamp the Workspace: The Costs and Benefits of Modernizing Your Office
Date Published: February 21, 2023
In today's fast-evolving business landscape, organizations must adapt their work environments to support a new era of collaboration. As companies seek to enhance productivity and attract top talent through innovative spaces, construction projects are being redesigned to embody modern design needs. To navigate this journey, Reidy Contracting Group’s Daniel Monteiro, COO, and CBRE’s Nicolas McNamara, Business Development Director, offer insights on the costs and benefits of creating a cutting-edge workspace.
As businesses progress their space designs, it's critical that they prioritize construction projects to align with modern design requirements. This transformation boost collaboration while grappling with rising expenses. In this episode of The Weekly Take, Monteiro and McNamara share perspectives on the balance between budget constrnts and innovative office solutions.
Monteiro oversees operations for Reidy Contracting Group, a premier contracting firm in New York that specializes in renovations, new constructions, and refurbishments. His team is well-equipped to handle in-house budget estimations, purchasing logistics, scheduling of construction phases, quality control measures, and value engineering processes all med at facilitating collaboration with clients and integrating their consultant’s perspectives.
McNamara brings a seasoned approach to project management, cost controls, financial analysis, reporting, trning programs, and staff development. As the head of CBRE’s North American cost consultancy group, he leads an experienced team of over 50 consultants, overseeing projects that demand meticulous attention to detl while mntning competitive pricing.
The transition to modern workspaces involves balancing several factors:
Costs: Investing in the latest design features often requires a substantial upfront financial commitment.
Productivity Boost: Upgraded spaces can significantly enhance employee collaboration, leading to increased productivity and creativity.
Talent Attraction: Modern work environments attract top talent by offering competitive amenities and collaborative spaces that cater to diverse working styles.
Monteiro and McNamara underscore the importance of strategic partnerships between contractors, architects, and clients in realizing modern workspace transformations. By closely aligning on project goals, budget constrnts, and future-proofing needs, stakeholders can navigate the complexities associated with construction while reaping the benefits of a contemporary office environment.
In today's dynamic business ecosystem, adapting to new design requirements is no longer just an option but a necessity for companies looking to thrive. The collaboration between firms like Reidy Contracting Group and CBRE ensures that businesses not only invest wisely in their spaces but also reap the full benefits of innovation in workspace design.
For more information or discussions on modern office solutions, please contact Spencer Levy at CBRE, the leading global commercial real estate services firm. His expertise encompasses client engagement and public-facing activities, including thought leadership initiatives alongside CBRE Research.
This article is reproduced from: https://www.cbre.com/insights/podcasts/2023-ep8-the-price-you-pay
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