Tenant Improvement: Drilling Down the Costs

Commercially rented space may have to be customized to fit a tenant’s needs. The leaser and the landlord will negotiate who will design the space, do the work, when it will get done and who will pay for it. The lease clause that addresses these issues will be titled ‘Improvements and Alterations Tenant improvements can […]

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The Pre-Bid Job Walk: Is It Necessary?

Pre-bid job walks are typically held during the bid/proposal preparation period, is more important than it may seem. Usually, the invitation to bid contains instructions and information relating to a pre-bid job walk site inspection. Complying with these instructions is necessary. The purpose of the pre-bid job walk is to clarify any concerns bidders may […]

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Design-Builder: The Most Effective Project Leadership

Design-builders provide owners with a single point of contact for both the design and construction phases of a project. One entity holds single-source responsibility and contractual risk for every aspect of a build — from pre-construction to architecture, construction and post-construction. This entity manages all contracts with companies, such as subcontractors, equipment vendors and materials […]

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Design Build vs. Design Bid Build

Capital improvement projects can be completed under numerous contractual methods. Two commonly applied delivery methods in public and private projects are design-build and design-bid-build. Design-Bid-Build (DBB) The traditional DBB project delivery method typically involves three sequential project phases: the design phase, the bid phase, and the construction phase. This sequence usually leads to a sealed […]

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