Commercial Construction Costs – The Importance Of Planning

When designing, planning as well as constructing a commercial property the costs involved are of paramount importance. Unfortunately this is even more true today than it was 10 years ago for the simple fact prices of materials etc., are continually increasing. However a great way of ensuring that the costs are kept to a minimum during any project is through using a commercial construction costs management service.

This is an establishment which is able to realistically look at the capital costs for any commercial construction project. They not only look closely at the planning costs but also cost control services. Plus this service will also ensure that the bids provided on the construction project are documented as well as being completed within the pre-arranged framework of costs and time. They will also look at finding the most economical ways of ensuring that the project does not run over budget.

Each construction project should employ an independent and professional cost manager or quantity surveyor who can police as well as have a clear overview of everything that is going on in order to protect the financial interests of the person who is having the construction project done. Generally these people will use their engineering judgment and experience which they then apply to scientific principles and techniques to allow them to analyze and develop the best action that should be taken in order to provide a good estimation of the costs involved as well as being able to control the commercial construction costs once the project starts on site.

By using a good set of cost management principles the cost manager or quantity surveyor will ensure that the construction project stays within the budget limits and still meets performance and quality targets.

Airport Travel Tips: Reducing Waiting Times

Key Travel Tips

Following these tips will help you reduce your wait time at the security checkpoint.

Before you go to the Airport

o Do not pack or bring Prohibited Items to the airport.

o Place valuables such as jewelry, cash and laptop computers in carry-on baggage only.

o Tape your business card to the bottom of your laptop.

o Avoid wearing clothing, jewelry and accessories that contain metal. Metal items may set off the alarm on the metal detector.

o Avoid wearing shoes that contain metal or have thick soles or heels. Many types of footwear will require additional screening even if the metal detector does not alarm.

o Put all undeveloped film and cameras with film in your carry-on baggage. Checked baggage screening equipment will damage undeveloped film.

o Declare firearms & ammunition to your airline and place them in your checked baggage.

o If you wish to lock your baggage, use a TSA-recognized lock.

o Do not bring lighters or prohibited matches to the airport.

o Do not pack wrapped gifts and do not bring wrapped gifts to the checkpoint. Wrap on arrival or ship your gifts prior to your departure. TSA may have to unwrap packages for security reasons.

While at the Airport

Each adult traveler needs to keep available his/her airline boarding pass and government-issued photo ID until exiting the security checkpoint. Due to different airport configurations, at many airports you will be required to display these documents more than once.

o Place the following items IN your carry-on baggage or in a plastic bag prior to entering the screening checkpoint:

o Mobile phones

o Keys

o Loose change

o Money clips

o PDA’s (personal data assistants)

o Large amounts of jewelry

o Metal hair decorations

o Large belt buckles

o Take your laptop and video cameras with cassettes OUT of their cases and place them in a bin provided at the checkpoint.

o Take OFF all outer coats, suit coats, jackets and blazers.

Home Construction Financing

Although having the exact home you want is an outstanding benefit, financing home construction can be a different matter. If you’re working with a custom builder, you will need to assume something known as a “construction loan”. This is the loan that pays off the builder while they build your home. Construction loans are typically short term loans that pack a higher interest rate than your traditional mortgage.

If you’re purchasing a starter home, this might thankfully not apply to you. Builders of “starter homes” understand that a lot of their potential buyers are not able to qualify for a high rate construction loan nor do they understand or care to acquire a short term loan then a long term loan. For this reason, entry-level homes are frequently financed by the builder or else the builder merely builds the homes out of pocket, handling the lot and all of the construction costs of the house. If this is the case with your builder, you will need nothing more than a traditional loan.

If it does turn out that you will require home construction financing, it definitely pays to browse around for best rates and lender with which to obtain one. As construction loans are generally fixed at a higher rate than conventional home loans, you’ll want to pay off the construction loan as promptly as possible.

Some banks will offer you a package deal called a “combination c and p” loan with just one set of closing costs. This makes up both a construction loan and a conventional mortgage loan wrapped up in to one. A combination C&P loan will save you time and hassle in the long run.

Traditionally, a construction loan works as follows. You apply through a lender for a construction loan secured by the home that is being built. Because the home is not yet built, the lender is taking on additional risk by financing you and this will be reflected in your rates.

As the house is constructed, the builder will ask for a “draw” or percentage of the cost based upon the level of completion of the home. This will come about at several stages during the construction of your new home. The bank that’s financing your construction loan will compensate the builder for these draws and construction will progress to the next stage.

Around thirty days prior to the home being completed, you will want to apply for a traditional mortgage subject to the house being complete. This way, the construction loan is paid back and the permanent financing is put in place as quickly as possible after the house is built.