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Project Foundation Pt. 2: Building the Master Budget

Stok

The foundation for any successful project is a detailed schedule and budget. Now on the financial side, the Project Manager should work closely with the Client on the conceptual budget at project inception. This budget will evolve into a Master Budget as the site is selected and more information is known about the scope of the project.

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Commercial Construction Delivery Methods: 3 Times To Go With A Negotiated Bid

HardHatChat

The GC then works with the client to budget the job based on pricing from subcontractor partners. Many large or complex construction jobs are budgeted and built out in phases. Maybe the lease deal is taking longer than expected, or maybe there are design changes requested during municipal approvals. It’s A Multi-Phase Project.

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How to Create a Successful Restaurant Construction Schedule

HardHatChat

To ensure your restaurant opens on time and within budget, make sure you have your delivery dates nailed down and align yourself with an experienced restaurant construction firm. We recently gave a restaurant trade magazine some tips on budgeting for a restaurant construction timeline. The finishes being used in the restaurant.

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Project Foundation Pt. 1: Building the Master Schedule

Stok

That foundation is a detailed schedule and budget, created and owned by the Project Manager, with input from consultants and contractors, and approved by the Client. Does the Client prefer to see a drawing and / or renderings? If the space is leased, integrate the landlord’s review and approval durations.

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Understanding Today’s Separation of Landlord and Commercial Tenant Construction

HardHatChat

This is most popular with big retail leases in 2011. The retailer (or office tenant) brings in its drawings and asks the landlord for costs from commercial construction contractors to build out the entire space. Landlords don’t want to lease space to tenants who aren’t financially secure, so they won’t accept just any deal.

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Commercial Construction Checklist for Retrofitting a Shopping Center in Today’s Climate

HardHatChat

To do this effectively and efficiently, we need to review as-built drawings to see what big tickets items can be re-used and what existing infrastructure we can integrate into the re-design of the space to save on retrofitting a mall construction costs. Being fuzzy on tenant mix is okay. It’s just more paperwork and time on a job.

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Commercial Construction Highs and Lows of 2011

HardHatChat

HIGH – Everyone was submitting drawings in 2011. We saw drawings for new Chicago restaurant projects, retail construction work, office renovations, school construction and learning center additions – you name it, we saw it. In fact, our commercial construction budget work was back to 2008 levels. I was wrong.