Commercial Costs

5 Ways to Maximize the Value of Your Building Investment

No matter what your project is—commercial buildings, a new home, a rental property—every building project is an investment. And with every investment, it’s always a good idea to do your homework and put the proper framework in place to make sure you can recoup as much of your capital as possible when and if the …

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Weighing The Pros And Cons Of Metal Buildings In The Sioux City Metro Area

Metal buildings in and around the Sioux City area vary in construction, materials, size, color, and function. How they are built is just as important as how they are used; it’s why we place so much importance on planning both the interior and the exterior construction. And it’s why it’s important to consider the pros …

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Does Bidding the Project Yield the Lowest Cost? (Scenario 3)

Scenario 3:The Investor Hires Both an Architect and a Contractor Prior to Bidding In this system, the investor works with an architect and a contractor during the design of the project. Like the other two common bidding approaches, scenario 3 has some pros and cons. Unlike its counterparts though, it’s a value-oriented approach that takes …

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Does Bidding the Project Yield the Lowest Cost? (Scenario 2)

Scenario 2: The Investor Works Exclusively with the Architect Prior to Bidding If you had chest pains and a toothache, would you schedule an appointment with your dentist and request that he or she fix both ailments, or would you schedule one with your dentist and one with a cardiologist? For the sake of your …

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Does Bidding the Project Yield the Lowest Cost? (Scenario 1)

Scenario 1: Pre-Design Building Having a 3.95 GPA is pretty impressive for a student studying Nuclear Physics and Advanced Calculus. Is their academic merit inferior to a 4.0 GPA student whose most difficult task of the semester was a two page Film Studies’ reflection? Assuming it’s not an unbelievably difficult Film Studies course, probably not. …

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Does bidding the project yield the lowest cost? (Introduction)

For a business, the end goal of a construction project should be to maximize the prospective building’s value by achieving the best and highest use for the least amount of money. Therefore, the more appropriate question is probably whether the low-bid process yields the highest value. As such, in evaluating the effectiveness of this method, …

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How Much Does a Construction Project Cost?

The cost of commercial construction projects fluctuates considerably depending on numerous factors. Below is a chart with rough estimates of the cost of various commercial construction projects in the Midwest. It does not attempt to account for the many factors that can cause such fluctuation. It simply provides a basic guideline. For information about the …

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Factors that Influence a Project’s Cost

The decision to construct a new building is a complicated investment that requires careful consideration. First and foremost, it is essential for an investor to determine their structure’s function and use. Different buildings have different needs, and different needs have different price tags. When evaluating the expected costs of a building and whether or not …

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