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8 essential steps for effective project cost estimation and budgeting

Fieldwire

To say that winning bids is the key to success in construction is a half-truth. Estimating project costs correctly and managing the budget accordingly are just as vital. Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable.

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Three Easy Steps to Building a Commercial Building

Wolgast Corporation

Three-Phases to Design-Build Construction: Preliminary Design and Estimating Detailed Construction Drawings and Bidding Construction Step One/Phase I – Preliminary Design and Estimating In this First Step or Phase our Architect develops plans based on a needs analysis meeting with the building owner and representatives for a nominal fee.

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Commercial Construction Trends and Predictions for 2016

HardHatChat

Developers and Tenants Create Entertainment Zones to Drive Traffic. Already, we’re seeing competitive construction bids that have shot up to pre-recession numbers in terms of costs. Besides impacting construction budgets in the year ahead, the construction labor shortage will make scheduling more important than ever.

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THE ESTIMATING PROCESS FROM A TO Z

Construction Cost Estimating

First, we have to download the estimating and budgeting spreadsheet. CUSTOMIZING THE ESTIMATING AND BUDGETING WORKSHEET This is an excel format of spreadsheet. For example, if you''re obtaining one contractor bid for roofing, covering all the things listed therein class, simply enter the value once the heading Roofing.

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Five Retail Construction Tips from Zara’s New Magnificent Mile Store

HardHatChat

Your general construction contractor needs to be comfortable working with the time constraints a mixed-use building enforces and know how to schedule work accordingly so you deliver on time and budget. As a national retail contractor , we’re used to having multiple projects in different time zones. Sleep is for sissies.

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Successful Commercial Construction Strategies and Operations: Tip #1

HardHatChat

How would you like to “find” thousands of dollars in your operating budget? This means that all parties working on a job (us, the client, subcontractors and architects) have access to all job files 24/7, which is ideal when you have multiple projects in different time zones. All you need to do is answer a couple questions.

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Five Predictions for Commercial Construction Trends in 2012

HardHatChat

We’ve compiled the list below based on conversations with clients and fellow commercial construction experts, upcoming bid work, economic projections and observations in the field. Growing retail brands likes Advance Auto and Auto Zone that help consumers save money by keeping their cars longer should also continue to do well in 2012.