123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Malcolm Sharpe Where The Capital Cost Of A Construction Project Goes

By Author: Peter Diaz
Total Articles: 6

The argument that money makes the world go round may seem an overstatement, but it is nonetheless true in the construction industry. Without money, a draft of a dream building can hardly materialize. In fact, if there’s no money to pay a draftsman or an architect to conceptualise the structure, there won’t even be a draft to begin with. Funding is, therefore, a top priority in planning a construction project, and its value has to be based on a set of well-defined cost estimates.

The owner can decide between hiring a contractor or a team headed by an experienced professional like construction management expert Malcolm Sharpe. The latter option, however, is more efficient as it eliminates the need for the owner to form a team of construction professionals. This part of the process alone may already incur a substantial cost. Even the search for project planners and managers may prove costly.

After finding a construction management firm, planning can take place at the same time as land acquisition and drafting to maximise time. The planning stage can be downright costly, especially when a series of feasibility studies have to be run to ensure that the construction project is a worthwhile investment.

With the draft and the land ready, construction can commence. This is where the largest chunk of the fund goes, particularly when the cost of materials and labor are taken into account. The cost of labor based on workers’ expertise and skills must be factored into the overall cost. Construction management experts like developer Malcolm Sharpe can lay down an accurate cost estimate for this purpose.

Insurance and taxes can be of particular concern once construction is underway, although these factors should already be considered in the estimate. The investor/company owner has to make sure that the insurance is sufficient to cover unwanted expenses such as hospitalization for injured workers. It is also crucial not to get behind the tax declaration and payment schedules to avoid getting scrutinized by the authorities.

Contractors and design professionals use the data from the cost estimate to make sound budgetary and feasibility determinations. The owner can also refer to this data when sourcing funds. To find out more about the different aspects included in the capital cost of a construction project, visit pmbook.ce.cmu.edu/05_Cost_Estimation.html.

Total Views: 56Word Count: 375See All articles From Author

Business Articles

1. Why Video Transfers Have Become So Essential At Present?
Author: alphadvdcreations

2. Video Transfer Method To Keepyourfavourites For Life
Author: alphadvdcreations

3. How Compact Lube Trucks Can Increase Industrial Maintenance Capabilities
Author: Scott Lee

4. 5 Tips To Get Your Construction Business Visible In Canada
Author: Rick Greoneveld

5. Why Retailers Need Ecommerce Product Catalog Management?
Author: Liza Zeimer

6. Cutlery For Wedding Should Have A Smooth Reflection And Smooth Edges!
Author: Dean Lance

7. Htc Screen Repair And Replacement In Uk
Author: Rosie Grace

8. Cutlery For Wedding Made From Copper Is Always Safe On The Use!
Author: Dean Lance

9. Floor Lamps South Africa Is Safe And Extremely Beneficial On The Use!
Author: Dean Lance

10. Stem Floor Lamp Is Designed To Produce Perfect Accent Of Lighting For Your Home!
Author: Dean Lance

11. To Be Appropriate For Benefiting Instant Cash For Me
Author: Jack martin

12. Opportunities For The Global Waterproofing Admixture Market To Reach $4.5 Billion By 2023
Author: Lucintel

13. Money Loan Specialist Carries On In A Positive Sense And Answers
Author: Alex Mighty

14. How To Increase Sales By Using Just One Word
Author: Ian Marsh

15. Xbox Game Console Repair Services In Uk
Author: Rosie Grace

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: