Construction Loans

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    Grants and Loans for Green Development

 

Most of us are by now, well aware that as consumers, we are all responsible for doing our bit to reduce carbon emissions and to help save the planet. And, although sustainable build projects are largely still in their infancy, the government, with the help of other organisations who have an interest in this area, is keen to offer grants and other assistance, where possible, to help both individuals and businesses alike to address some of these issues.

ost of us are by now, well aware that as consumers, we are all responsible for doing our bit to reduce carbon emissions and to help save the planet. And, although sustainable build projects are largely still in their infancy, the government, with the help of other organisations who have an interest in this area, is keen to offer grants and other assistance, where possible, to help both individuals and businesses alike to address some of these issues.

Grants and Loans for Green Development



 
 | Author: Civil Engineer | Comments (0)
 Views: 103 | Read more...
    Construction and Development Loans

 

Construction and development loans are loan options that are made available to businesses when there is a need to construct a commercial property, but there will not be any income generated until after the property is completed and ….

Construction and development loans are loan options that are made available to businesses when there is a need to construct a commercial property, but there will not be any income generated until after the property is completed and capable of production or retail activity that will generate revenue. It is possible to apply for loans of this type from many banks and other lending institutions. The duration of the loan may range anywhere from a few months to several years, depending on amount of time required to complete the construction and allow the business to begin selling goods and services as a source of income.

The use of a C&D, or construction and development, loans is often an excellent choice for newly formed business ventures. The delay in beginning the process of repaying the loan allows the business a chance to establish a physical presence and begin the process of offering goods and services for sale. Many construction and development loans contain a clause that allows the debtor to have a short grace period after the anticipated completion date of the physical facility. This grace period can help account for any short delays in the construction process, as well as allow the debtor to open the facility and have time to begin accumulating sales that in turn create revenue that can be used to pay off the loan.
 
 | Author: Civil Engineer | Comments (0)
 Views: 188 | Read more...
    Construction Loans

 

One of the major problems facing any business enterprise is that of obtaining finance. This is a problem not merely of quantity but also of type. The situation is further compounded by legislation. a the dynamism of the economy, but fundamentally by the requirement to minimize costs.

The construction industry comprises a wide variety of firms from the single person enterprise to the large multinational public company. The sources of capital available to any firm are quite numerous but public companies have the great variety of sources available for their use and the single person enterprise, the least variety.

Types of Construction Loans

Construction loans can be classified into short term and long term borrowings.

Long term Finance

It is that capital required for five to ten years, either to start a business or to carry out expansion programs. Broadly the capital is used to purchase buildings, plant and equipment. The risks to the lender are high because of the time scale involved, consequently only established firms are generally considered by the lending institutions.
 
 | Author: Civil Engineer | Comments (0)
 Views: 170 | Read more...
    Off-set Your Jobsite Storage Costs

 

If you take a look around most construction sites these days, the mobile offices and storage containers are pretty utilitarian – plain white or gray and not very eye-catching. While they do the job they were intended for, these large structures are typically written off as an operational expense that help prevent theft of tools and supplies while providing a base of operations for your crew. A recent trend in this space is to use your jobsite office or storage as a billboard to promote your business. This can make sense for a lot of different reasons.
Off-set Your Jobsite Storage Costs

Off-set Your Jobsite Storage Costs

One of the mainstays of marketing is repetition, repetition, repetition. The more times people see your message, the more likely they are to remember your company and product when they need it. This “top-of-mind awareness” is why companies buy billboard advertising and the repetitive traffic that sees the message on that billboard can cost thousands of dollars per month. The side of your mobile office or storage container is roughly equivalent to a billboard so why shouldn’t you save yourself thousands of dollars by customizing it with your own billboard or charge someone else for that billboard?


 
 | Author: Civil Engineer | Comments (0)
 Views: 159 | Read more...
    Factors Affecting Costs

 

Has this happened to you as an estimator for a government or public works agency? Someone shows you a square foot cost, published in a construction magazine and attributed to RS Means.

The figure is much lower than what you are using. First you adjust for the location of the project by using the Location Factor Table, then adjust for the gross building size using the Square Foot Project Size Modifier table, and even add an escalation factor to account for construction duration, using the Historical Cost Index table. Yet the published square foot cost is still lower than yours. How do you reconcile this? Well, as that old time radio announcer used to say… “Now for the rest of the story.”There is an important, yet often overlooked section of the RSMeans Cost Data books called “Factors Affecting Costs.” Items listed include: Size of Project, and Location — which we covered above. Quality, Overtime, and Productivity are other factors that can explain the cost difference. There is a sub-heading called Other Factors, which includes, among other important things, building code requirements and owner’s special requirements.
Some of the building code requirements in a few major cities can increase the cost of a building, though with the adoption or partial adoption of the International Building Code across the country there is less difference from one location to the next. Owner’s Special Requirements is a big item. It can include MBE/WBE/LBE programs, “Buy American” clauses, certified payroll requirements, “Percent for Art” programs and other public reporting requirements/regulations.


 
 | Author: Civil Engineer | Comments (0)
 Views: 158 | Read more...
    Thinking About Your Own Construction Business?

 

With the economy beginning to look like it may have bottomed out, many valuable construction men and women who have found themselves out of a job through no fault of their own may be thinking about starting their own construction firm.

This may be a good move for you, but you will want to go into this—or any business venture—with your eyes wide open. Most general contracting firms start out small—formed by smart and ambitious people who have proven themselves in another construction firm. But accomplished as they may be at what they’ve been doing, they may not be prepared to take on the range of responsibilities forced on them in managing the business of construction in its entirety. I believe this is the primary reason for the 43% four-year failure rate (as of 2002: US Bureau of Labor Statistics.)
 
 | Author: Civil Engineer | Comments (0)
 Views: 151 | Read more...

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