What are your needs?
If you are considering a construction project for your company, we suggest that
you begin by answering these six basic questions: Why, Who, What, Where, When
and How. If you are not sure about some of the answers, call us. We'll help you
find the answer that is right for you.
Why?
Why expand?
This will require some serious thought. Do you really need more space? A
feasibility study is in order.
Why own…why not lease?
Is there adequate space available? What are the economics of owning versus
leasing? How practical is leasing? What are the tax implications of owning
versus leasing? What are my current cash needs? Can I afford the cash equity if
I own? This analysis can be part of your feasibility study.
Who?
A good planning team includes:
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The OWNER.
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An experienced CONTRACTOR who understands local construction codes and local
conditions.
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A group of DESIGN PROFESSIONALS AND ADVISORS who have the training and
experience to solve your specific problems.
What?
Three important priorities:
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You want to build a facility that will perform properly. You will enjoy good
FUNCTION, QUALITY and AESTHETICS long after the initial cost is forgotten.
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Budget limitations should be set. In beginning, establish a MAXIMUM BUDGET.
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Timing is usually critical. Once your decision is made, you would, most likely,
want to occupy the facility as soon as possible.
Where?
Where is the best place to build?
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Freight costs
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Labor characteristics
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Utility considerations
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Tax burdens
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Investment incentives
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Environmental regulations
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Zoning regulations
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Business climate
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Property availability
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Soil characteristics
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Support services
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Quality of life
Where can I get financing?
Ask your contractor to help you arrange the financing for the project. If he
can’t help you, contact a good mortgage banker.
When?
When should I occupy the new facility?
Ask your contractor to give you a detailed time schedule and estimated
completion date.
How?
How is the best way to build?
Challenge the construction team members to come up with specific
recommendations. Each component should be analyzed in order to produce maximum
quality and function for the least cost.
How can I be sure I get maximum value for my investment?
Challenge the team members to come up with specific recommendations. Each
component should be analyzed in order to produce maximum quality and function
for the least cost.
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