construction cost
The 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 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…
Read MoreThe Ins and Outs of Commercial Construction Cost Estimation
Commercial construction cost estimation is a crucial aspect of the construction industry as it sets the foundation for the budget, project timeline, and overall success of a project. It is a complex process that requires careful consideration of various factors such as materials, labour, equipment, permits, and contingencies. The cost estimate must be accurate and…
Read MoreThe Importance of Detailed Construction Cost Estimates in Construction Estimate Forms
Construction projects come with a lot of moving parts, and ensuring that each part is accounted for is crucial to their success. This is especially true when it comes to budgeting and managing costs. The importance of having accurate and detailed construction cost estimates cannot be overstated, and a big part of that is having…
Read MoreWhy Australia is facing a ‘devastating insurance crisis’ this summer
A national property firm has warned that Australia is facing a “devastating insurance crisis” as this summers triple-dip La Nina threatens to financially ruin underinsured homeowners. MCG Quantity Surveyors, which has offices in Brisbane, Sydney, Melbourne, Newcastle, Adelaide, Perth and Canberra, said that a combination of factors could lead to “one of most financially devastating”…
Read More‘Coinsurance’ or ‘Average Clause’ Explained and Case Study
Coinsurance Clause or Average Clause An insurance policy for a property owner is accompanied by a detailed and complex contract that will contain clauses, provisions and responsibilities that are assigned to either the policy holder or the insurer. One of these provisions is the coinsurance clause. Coinsurance is quite often misunderstood and it inclusion in…
Read MoreHow to Make Sure Your Sinking Fund Won’t End Up Sinking You
The term Sinking Fund conjures up all sorts of negative connotations. Maybe because it sounds like something is sinking? Or perhaps due to the similar wording to sunk costs – ie costs that are already incurred. In reality though, it simply describes funds put aside to cover future expenses that are likely to arise, or…
Read MoreHow Much Does It Cost to Build a Home?
How much does it cost per square metre to build a house in Australia? To quote an overused phrase, you might well ask how long is a piece of string. The short answer is, it depends. What kind of house do you want to build? A sprawling family home or a compact single person dwelling?…
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