Posts by Mike Mortlock
Construction Project Cost Estimation: Best Practices and Tools for Construction Professionals
Accurate cost estimation is a critical aspect of construction project planning. Construction professionals rely on cost estimation to establish budgets, make informed decisions, and ensure project success. This article explores the best practices and tools for construction project cost estimation, highlighting their significance in effective project management. 1. Thorough Project Scope Definition Thoroughly defining…
Read MoreConstruction Cost Analysis: Best Practices and Tools for Project Managers
Construction projects are complex endeavours that require careful cost analysis to ensure success. Construction cost analysis involves evaluating and monitoring project expenses to control the budget, identify cost-saving opportunities, and make informed decisions. This article delves into the best practices and tools for construction cost analysis, highlighting their importance in effective project management. 1. Thorough…
Read MoreBuilding Construction Costs 101: How to Budget for Your New Building
Planning to construct a new building is an exciting endeavour, but it requires careful budgeting to ensure its success. Understanding building construction costs is crucial for effective budgeting and project planning. This article serves as a comprehensive guide to help you navigate the process of budgeting for your new building, providing valuable insights and tips…
Read MoreEstimating Construction Projects: Best Practices and Tools for Accurate Budgeting
Accurate budgeting is a critical component of successful construction projects. Estimating construction projects involve predicting costs, materials, labour, and timelines to create a comprehensive budget. This article explores the best practices and tools for estimating construction projects, highlighting the importance of accurate budgeting and its impact on project success. 1. Thorough Scope Definition To…
Read MoreFailed QLD Land Tax Law Deals Long-Term Damage to Fragile Rental Market
We recently conducted a study that shed light on the serious and lasting effects of the Queensland government’s failed attempts to alter Land Tax calculations. This research was shared across the national media. Through our research, we discovered that the mere announcement of the tax changes caused an exodus of investors from the rental market,…
Read MoreThe Importance of Accurate House Construction Estimates in Residential Construction
Accurate house construction estimates are fundamental to the success of any residential construction project. From budgeting to resource allocation, accurate estimates provide the foundation for effective project planning and execution. This article explores the significance of accurate house construction estimates in residential construction and highlights the benefits they offer to homeowners, contractors, and other stakeholders.…
Read MoreThe Importance of Simplified Construction Estimates in Project Planning
When embarking on a construction project, one of the most crucial steps is accurate project planning. Central to this planning process is the creation of construction estimates. However, complex and convoluted estimates can often hinder effective decision-making and project management. This article explores the significance of simplified construction estimates in project planning and highlights the…
Read MoreHow these SINGLE MUMS made their way to being successful property investors
Being a mum is already an occupation in itself as it’s difficult to juggle the responsibilities of being a wife, being a mother, and also working hard to provide for the family. But the question is why work a 9 to 5 job when you can possibly retire sooner by investing in property? That’s what…
Read MoreThe Construction Cost Index: How it Affects Your Home Construction Costs
The cost of constructing a home is a significant investment, and it is important to understand how the cost varies based on market conditions. One tool that can help homeowners and contractors stay up-to-date with the fluctuating cost of construction is the Construction Cost Index (CCI). This article will explore what the CCI is, how…
Read MoreThe Construction Cost Calculator: Why it’s NOT an Essential Tool for Project Planning
Construction cost calculators have become increasingly popular in recent years, with many contractors and owners relying on them to estimate the cost of a construction project. While these calculators can be useful in some cases, they are not always an essential tool for project planning. In fact, there are several reasons why relying solely on…
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