Wednesday, April 28, 2010

How To Lower Commercial Construction Cost

Commercial building construction has gone a long way in effectively developing ways and means to increase building performance and increase energy efficiency while maintaining lower commercial construction cost.

Construction material costs have been on the rise proportionately with the developments in construction technology. Thus the challenge to use new and cheap construction materials is always present.

The popularity of using steel for construction works is a growing phenomenon. That is why commercial buildings have been widely defined as pre-fabricated buildings. A relatively large number of building elements or components are completed in shops outside the construction site and delivered ready to be installed. It can either be the roof, walls, or complex steel frames. Construction of commercial buildings using materials made up of pre-fabricated steel is seen more frequently as more and more builders learn about the many advantages of this method as compared to using other materials.

Among the advantages that come with purchasing pre-fabricated structures is efficiency. Construction has proven to be faster therefore labor costs are lowered and most importantly, precious time is saved. The lesser time spent in construction, the lesser the costs.

Pre-fabricated steel structures are light weight and are therefore easier to maintain and handle. They are fire proof and also 66% recyclable. This decreases waste products and thus roves to be very cost-efficient. Another good quality of pre-fabricated steel structures is that it is tough and it can survive environmental hazards like snow, storms and strong wind thus an increased durability against rotting and splitting.

Because pre-fabricated steel arrive at the construction site already complete, assembling them takes lesser effort and skill. Work can just be relegated to sub-contractors, enabling reduction in labor costs.

Most commercial property home owners are not aware of the advantages of cost segregation which is an excellent way to reduce tax liability and eventually increase cash flow by identifying all construction related expenses that can be depreciated in the years to come. Through the combined knowledge and experience of engineers in cost and construction estimation and the expert documentation of IRS data and tax codes, the result is an enhanced and accelerated depreciation of these identified deductions.

Deficiencies in the construction phase are a major source of inefficiency in construction cost as well as labor and material cost. Some of the major deficiencies seen in commercial construction include construction defects due to inefficient or malfunctioning equipment and imperfections in the design planning.

A lot can be compromised because of these flaws; that includes building durability and performance and certainly indoor quality and comfort. Being able to detect and immediately provide remedies for these deficiencies can certainly get commercial property owners closer to the goals of reducing commercial cost by all means. Fortunately, quality assurance can be tapped to provide such service. Building commissioning can provide detection and remedy as its main service is to act as a messenger that reveals and identifies the right approach on how to deal with pre-existing problems.

Commercial property owners should take special care in choosing construction companies that are well aware of the technologies, techniques and methods of providing the best construction project. A company that can provide the knowledge and experience to exhaust all means to reduce commercial construction costs is also a must. There should also be sufficient awareness of service agencies that perform studies on cost-efficiency in all of the construction phase to be able to determine methods that can help in reducing over-all construction cost.

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