In the building and construction industry, achieving success entails managing a substantial inflow of funds while minimizing outflow, as well as coordinating materials and labor within a scheduled timeline. This is where the building cost estimator plays a crucial role. What is a Commercial Building Cost Estimator? Construction cost estimators are one of the most […]
What is the soil compaction testing? Soil compaction testing is a simple and inexpensive ground improvement technique that works on all types of soil. The natural ground condition of a site might not always possess the ideal strength required for supporting the intended buildings or infrastructure. One might encounter issues with one or multiple subsoil […]
What is a contingency fund condo study and why conduct it? The capital set aside by a condo corporation for future major renovations, replacements, or repairs of common amenities/ elements of a condo building, such as rooftop terraces, plumbing systems, elevators, outdoor swimming pools, fitness centres, recreation centres, is what is known as contingency condo […]
A condo reserve fund study involves a physical inspection of depreciating assets like the roof, building envelope, and Mechanical and electrical systems. Once inspected, a reserve fund report is prepared to outline all the findings. Based on the study, a reserve fund report is generated, which outlines how much money is needed to top up […]
1.Communicate Goals Clearly Successful construction management requires clear communication of project goals among all team members. Clearly communicating the project goal and vision ensure that the entire team is on the same board and well equipped to assist the company’s goals. Keeping everyone properly informed about the project goal makes the project team much more […]
Intro to Phase I Phase II and Phase III ESA While purchasing, financing, or renovating a commercial, industrial or multi-unit residential property environmental site assessment will likely be required by your lender. It is important to note that environmental site assessment or preliminary site investigations are a crucial part of your due diligence process. It […]
Chances are you were thinking about purchasing or rezoning a property, and you were required to conduct a Phase I ESA. If you have no idea what a Phase I ESA is, it is used as a tool to ensure due diligence before you purchase a property and can prevent a bad investment. An ESA […]
Building Condition Assessment (BCA), otherwise known as Property Condition Assessment (PCA), is usually performed on commercial buildings. The process includes a non-intrusive inspection of the state of the property based on its structure and systems. Building Condition Assessments are usually required when purchasing or selling commercial real estate or even residential properties such as multi-unit buildings. Typically, […]
The roles of Quantity Surveyors are responsible for the financial, contractual, and commercial management of a construction project both before and during the construction process. The duties of a Professional Quantity Surveyor in Construction may differ depending on the size and type of the project. The successful accomplishment of a project mainly depends on the […]
The purpose of the Property Condition Assessment PCA, popularly called Building Condition Assessment (BCA), is to observe and report, to the extent feasible, on the physical condition of the subject property. The standard guide is ASTM_2018-15 is Baseline Property Condition Assessment. The PCA should have four components: Documentation Review and Interviews Walk-Through Survey Preparation of […]