News : Estimation

The TI Race: From ROM to Market Ready

Brokers, CM/PM's, Estimation, NEWS /

Planning a renovation is kind of like a puzzle, especially when it comes to scheduling different companies and contractors. If you’re trying to plan your own Tenant Improvement construction project, it may seem easy to call designers, carpenters, and plumbers and schedule everything yourself. But when plans start to go awry, it can be hard …

Predicting Soft and Hard Costs: Conceptual Budgeting and Risk Assessment

Brokers, CM/PM's, Estimation, NEWS /

Any construction project comes with its own unique set of risks — but the better and more thorough the estimate, the more likely the project is to succeed. Conceptual estimating and budgeting help to assess the costs and risks of a project. This is important as it allows your team to understand how expensive a …

Early TI ROI: 8 Reasons to Choose an Open Book/Design Build for TI Projects

Architects, CM/PM's, Estimation, NEWS /

People often throw around the phrase “I’m an open book,” when talking about themselves, but rarely do they follow through on the level of transparency it suggests. But when it comes to construction, having an “open-book” pricing method requires complete transparency between the owner of a project and their design-builder or contractor. When pricing out …

How Open Shops Motivate Competition and Drive Value in the Construction Industry

Estimation, NEWS /

During the past century, unions have been associated with maintaining industry standards and protecting employee rights. Trends in recent years, however, suggest open shop policies may be better at fostering an inclusive and competitive environment where contractors can implement multiskilling and other streamlining tactics. An open shop construction policy, also known as a merit shop, …

Digging Deep Into Conceptual Budgeting: Foreseeable and Unforeseeable Costs in Cost Estimation

Estimation, NEWS /

Pre-construction estimates are some of the first deliverables given to construction clients. From framing a budget to predicting hard and soft costs, conceptual budgeting sets the tone for the overall build. While many clients are eager to begin a new project, it’s important to first analyze location, environmental hazards, and the unforeseeable costs of a …

Project Spotlight: The Stadium Tech Project

Estimation, NEWS, Project Highlight /

Despite having to survive the Great Recession after its 2007 inception as well as overcome significant construction challenges, the Stadium Tech project emerged triumphantly in the spring of 2016. Its Santa Clara address is within shouting distance of nearby Levi’s Stadium and in the heart of Silicon Valley. Six stories of floor-to-ceiling glass, the distinguishing …

From Architects to General Contractors: Why Cost Estimation Is All About Relationships

Architects, Estimation, NEWS /

All construction efforts start with cost estimation—from estimating materials to estimating labor costs—a lot goes into the preliminary estimate of a project. However, despite the need for accurate information, the most important aspect of cost estimation is a quality relationship between the project team and the general contractor. The more in sync contractors are with …

Inside the Mind of a General Contractor: From Estimating Construction Costs to Groundbreaking

Estimation, NEWS /

Construction Estimation is one of the most essential phases in the construction process. How a general contractor analyzes a construction build plays a major role in the groundbreaking of new project. Understanding what goes into the conceptual budget of a project is vastly important in fiding the right general contractor for your latest project. Recently, five of …

Cost Estimation: The Cornerstone of Every Construction Project

Estimation, NEWS /

Laozi, an ancient Chinese philosopher, once said, “A journey of a 1000 miles starts with a single step.” Likewise, the most complex large-scale construction projects could not begin without an accurate estimation of costs. Accurate cost estimation by professional construction estimators is critical in creating and maintaining a feasible budget of project costs. Elements of …

South Bay Construction Launches Updated Cost Reference Guide

Estimation, NEWS /

South Bay Construction is proud to announce our newest Cost Reference Guide that you can download for iOS and Android! With our newest version of the app, you can get the most up-to-date construction pricing and market data to help you in your latest construction project. The pricing guide mirrors the current Bay Area market …