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What is a ‘Construction Loan’: Financing Your Building Project

Building Radar

When embarking on a building project, understanding your financing options is crucial. A construction loan is a specialized type of financing designed to cover the costs associated with constructing a new building or renovating an existing one. These draws are based on the completion of specific phases of the project.

Finance 52
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Construction project management 101 – Checklist

Lets Build

Additionally, the basics and essentials of budgeting, finance, organisation, scheduling, conflicts, and legal issues are also covered by the project manager. Construction project management is not one thing — a project manager in construction has to be knowledgeable in finance, mediation, law, and other disciplines. The basics.

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Conceptual Estimating is ideal for project feasibility study

Construction Cost Estimating

The project team members develop the conceptual estimate during conceptual design stage (generally before the construction drawings and specifications are available) and create a preliminary baseline cost estimate range based on the activities, materials and other sources of expenditure for designing and constructing a specified facility.

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Low Bids Benefit Building Owners

Chianelli Estimating

Their accounting department has established a project budget that can not be exceeded and, if adhered to, the project is feasible. All the painstaking details; drawing upon drawing, revision after revision as the project documents are developed. Bids are reviewed by the building and finance committees.

Bidding 100
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The Preconstruction Phase: Understanding the Process & Risks

Levelset

It’s at this point that the client can determine whether the project is feasible or not. This information helps the client determine whether the project is feasible for their needs—something that is incredibly valuable to find out early. Feasibility depends on a few factors. Design development. Construction documents.

Risk 52
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Structural engineering solutions for office-to-residential conversion

BD+C

But making an adaptive reuse project pencil out in a tight financing market isn’t so simple. Every building is unique, and older buildings may not have original structural drawings available or may have had substantial alterations. faces a housing deficit of 3.8 million units. Steel or wood is generally easier to adapt in a conversion.

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Home Builder Success and the Fragility of Good Things

Pro Builder

Finance and Zebras . Over time, the concept has migrated through multiple disciplines including finance, marketing, product development, ecological risk assessment, and even cultural anthropology. . (As Growth rate—Fast growth, which enables economic feasibility. But a bit more study was required. . So terribly fragile.