Cost estimating consultants look at a lot of potential tools for helping to keep costs down on building projects, and another possible strategy is the use of prefabricated construction techniques.
A Discussion on the impact of externalities on sustainability and construction economics, from coal to greenhouse gas and global warming, to sustainable alternative solutions.
Zachary C. Bergeron a Senior Project Manager, and Construction Economist at Vermeulens commercial construction cost estimators discusses the key ingredients of a worthwhile reconciliation.
One of the great budgetary nightmares of any major project is the cost overrun, and it can happen for a variety of reasons in many different industries. Hollywood cinema, for example, is famous for its runaway budgets, as everything from a change to a movie’s story in the middle of production to reshoots after a film is supposed to be complete add more time and money to a movie. Architecture however, is not far behind in this regard. Look at the architectural history of any major city in the world and you will find several large projects that took more time, materials, manpower and money than were originally accounted for. In the past, some designers, architects and even decision makers simply shrugged their shoulders, accepted “it happens,” and then struggled to complete a project. Today, we know better. Project overruns aren’t just inefficient, they are irresponsible. With careful planning right at the start, and a realistic assessment of what a project needs, it is possible
The process of construction is a long, challenging one that involves a lot of steps and numerous people. Along the way, any project will need to involve assistance from professional architectural cost consultants. While it is easy to assume that these professionals aren’t needed, the reality is that they will have a tremendous impact on the success of your project and on how it ends up. So just what do architectural cost consultants do? Essentially, their job is to help provide an accurate measure of the overall cost of a construction project. While contractors may issue bids, an architectural cost consultant will be able to provide an initial estimate that will usually end up being accurate within the range of just a few percentage points. This involves a lot, and consultants have to consider everything from permit costs to labor and beyond when making their estimation. However, the work is well worth it and for those who are planning out a major project, these services are often i
Planning any big building project is something that can take a lot of time, money, and effort. Anyone who goes through the process will obviously have one clear goal in mind – creating the finished project that they truly feel they deserve. However, it’s not an easy process and those who are serious about designing and creating truly impressive buildings or developments need to have all the help they can get. One important tool is the use of construction cost estimating consultants in the early stages of the planning process. Once that a basic plan has been developed – blueprints, basic landscaping plans, etc. – the next stage is preparing to move ahead with the project. But if you fail to use construction cost consultants, you’re essentially moving forwards blind. These consultants can help you in numerous ways, and if you want to enhance the potential of your project and improve it in the best way possible, here are some of the ways they can help. The most obvious way is b
Whether you are a contractor, an independent builder or someone else who plans to begin a construction project, having an accurate estimate of the project’s costs is essential for many reasons. Your investors or the lending institution may need this information to determine whether or not to lend you money or make the investment. You can also use it to know how much to charge for your work so that you can earn a living and cover your own costs. Consider these benefits of having a professional perform construction cost estimating services for your next project.
Costs of Permits and Inspections
When you use a professional for pre-construction cost estimation, the professional should be able to give you some initial information about common fixed fees like building permits and site inspections.
In starting up a new business or branching out, a proprietor will have to deal with construction costs. This is something that can acquire a huge part on his or her budget. It is only appropriate therefore, that this stage be given more than enough attention to prevent unnecessary expenditures due to poor planning.
Rundown of a Construction Project
Every project started begins with the identification of project specifications. The size and quality of the facility and requirements of the project has to be addressed. At this early stage, preliminary cost estimates can be made.
After this, the cost benefit analysis, whether formal or informal will follow through. In reality, this practice is not often done that leads to problems that will not be revealed in time to be discussed in project planning. Cost benefit analysis reveals whether the project will be feasible or will generate return of investment.
The country’s commercial real estate market is finally recovering from the massive global recession. Unfortunately, favorable development comes at a price for commercial land owners.
Construction Costs Are on the Rise
According to a Puget Sound Business Journal article, construction costs are rising in many parts of the U.S. Puget Sound in particular, is experiencing a 5 percent increase in cost to build office buildings, apartment high-rises, and other huge commercial projects compared to last year. The costs are expected to increase by as much as 6 percent more in the following months.
General contractor Mortenson Development Inc. released a quarterly construction index report showing that the rising cost of commercial construction in the Puget Sound region is outperforming other Mortenson markets including Phoenix, Minneapolis, Milwaukee, Denver, and Chicago. The company said that this has been the consistent trend for the last four quarters.