Construction Lending

Commercial construction loans are unique because these loans are for properties that will exist in the future. Developers seeking these loans are typically in the midst of a long process that may have begun years before with assembling the parcel, getting legal entitlements, developing concepts and gauging the market for the envisioned project. When a […]

Construction cost index

Where can the construction cost index be viewed? The building price index is published by statistics and can also be viewed by private individuals. It is updated on a quarterly basis, thus providing a very reliable information about current prices and construction costs. In addition, the construction cost index keeps the price development of recent […]

How to prepare an estimate of electrical material for a construction

Electricity is a vital component of any construction project. During the design phase of a new project, an electrical engineer oversees the layout of the installation and who will design all the details of wiring and plugs. Contractors will use this plan to estimate material quantities and costs, before making the offer. The preparation of […]

How to make a construction offer proposal

In commercial and residential construction, jobs are given to builders by a bidding system. Builders calculate what a job will cost, then add operating expenses and earnings to cost. The construction offer is sent to the owner or real estate developer, who compares all offers before awarding the work. While the lowest bid usually gets […]

How to estimate plumbing costs for new construction

One of the most important aspects of a new construction project is the installation of the pipes. The budget plumber website explains that the facility includes pipes, toilets, septic tank, water heater and all plumbing fixtures. The process of estimating the cost of pipe installation is important to the plumber as well as to the […]

How to calculate construction costs and budgets

Follow these steps to ensure your construction costs and budgets are accurate and organized and complete. Whether you are creating a competitive construction estimate for a bidding project, or simply trying to figure out the costs for the construction, remodeling, or repair work you want to do, follow the steps below to ensure that your […]

Making an offer proposal construction

In the commercial and residential construction, jobs are given to builders for bidding system. Builders calculate what a job will cost, then add operating expenses and earnings at cost. Construction supply is sent to the owner or developer, who compares all offers before taking the job in prize. While the lowest bidder usually gets the […]