construction cost
The 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?…
Read MoreThe Top Five Reasons Why Your Construction Cost Estimate Is Likely to Blow Out
With house prices sky-rocketing in the past twelve months, many people are now looking at other options for getting into the residential property market. While house and land packages are still popular, increasingly people are looking at substantially renovating their own properties, or even buying old properties and renovating or rebuilding. These are all great…
Read MoreThere’s No Silver Bullet for Rising Building Costs, but Having a Detailed Construction Cost Estimate is a Good First Step
It’s been tough reading the news lately. Recent coverage of the war in Ukraine and the devastating impact of the floods in Queensland and New South Wales has pushed reports of COVID cases and lockdowns down the rankings, at least for the time being. It’s enough to make us yearn for the daily briefings from…
Read MoreWhy You Need to Understand Your Commercial Construction Cost Well Before You Break Ground
If you’ve been paying attention to your superannuation or share portfolio balance over the past few weeks you’ve probably noticed the Australian stock market has had a bumpy ride. There’s many reasons for that, but one worth noting in relation to the property market is the current volatility in iron ore, steel and lumber costs.…
Read MoreSet your project up for success with a reliable construction cost estimate
Imagine you are building your dream house. The one you’ve been thinking about for as long as you can remember. The whole family is on board. You know how many bedrooms and bathrooms it needs to put an end to shared rooms and bunk beds. You’ve included a butler’s pantry, and a walk-in robe, and…
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