BACKGROUND: Fossil came to Schimenti Construction to build their New York City flagship store at Times Square for two very good reasons - our depth of experience working in the city and our experience in building flagship stores.
CHALLENGE: To maximize sales and profits for their new Times Square flagship store Fossil needed to condense its normal twelve-week construction schedule to eight weeks. The reason? To have the store open and operational by Black Friday, traditionally the biggest retail sales day of the year.
SOLUTION: Schimenti's project manager immediately began looking for reasonable and effective ways to cut 25% out of the project schedule without compromising quality and cost. By using our in-depth pre job planning process, the project management team identified long lead-time items and ordered them immediately.
We also consulted with our HVAC contractor and made a decision to service the existing units eliminating schedule-busting lead-time needed for new units. By coordinating and working only selective trades on a second shift, we were also able to reduce overtime cost by nearly 40%.
RESULT: Not only did Schimenti complete a high-profile flagship store in the heart of Manhattan on time for Black Friday, we generated substantial savings by reducing overtime expense in the process.