Construction cost

3 SIMPLE AND EFFECTIVE SOLUTIONS IN CASE OF PROJECT SITE PLAN REVISIONS

Leave a Comment / Construction cost, Developer, Development / / August 9, 2023 / , , ,

No commercial development project is without hiccups from start to finish. These projects can be time-consuming and costly, requiring multiple site plan revisions and meeting various municipal requirements. The planning stage of your project may involve dozens of zoning and design variations to satisfy the requirements of the municipalities. Because multiple municipal entities will most […]

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WHAT ARE SOFT COSTS AND HARD COSTS?

Leave a Comment / Construction cost, Development, Engineering, Environmental / / August 8, 2023 / ,

When budgeting for a commercial development project, keep in mind that costs are typically divided into two categories: hard costs and soft costs. The importance of a detailed budget to the success of a development project, it’s critical to comprehend some of the specifics of these cost breakdowns. You should be able to identify the

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IMPACT OF INCREASING CONSTRUCTION COSTS ON PROPERTY

Leave a Comment / Construction cost, Development, Risk / / July 28, 2023 / , , , ,

Rising construction costs were respondents’ top real estate and development concern in ULI’s Emerging Trends in Real Estate 2019 survey. Construction costs have steadily risen due to rising material costs and labor shortages. These costs have a significant impact on the value of existing buildings as well as new construction. Property value influencing factors Because

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CHANGE ORDERS CAUSE ADDITIONAL COSTS

Leave a Comment / Construction cost, Development, Site selection / / August 8, 2023 / , ,

To ensure that construction costs are well managed, thorough planning and budgeting are implemented. However, some things will need to be changed down the road. It is where change orders come in. Change orders do not always result from poor budgeting and planning or construction errors. Sometimes they are caused by events beyond the stakeholders’

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THIS EFFECTIVE PUNCHLIST WILL SOLVE YOUR CONSTRUCTION PROBLEMS

Leave a Comment / Construction cost, Development, Engineering / / August 8, 2023 / , , ,

Construction projects, like all good things, must come to an end. When they do, however, it should never be a set-it-and-forget-it situation. You must ensure that all aspects of your development project have been considered. In the construction industry, this means making a construction punch list. Introducing technology into the industry has already helped improve

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