What is Commissioning? A Comprehensive Guide Buildings today are comprised of various complex, interconnected components, systems and technologies that have been developed and improved upon over the course of many decades. The growing sophistication of modern mechanical and electrical systems, coupled with mounting expectations of building owners, occupants and regulatory agencies are driving demand for …
What is an Owner’s Representative? A Comprehensive Guide Undertaking a significant capital project comes with numerous inherent risks. Many moving parts are involved, a lot of money is at stake and projects are becoming increasingly more complex and demanding of time and resources from the Owner. Moreover, each project is unique, differing vastly in terms …
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What is Construction Cost Estimating? The Ultimate Guide For any proposed construction project, whether it’s a brand-new commercial development, a renovation to an office building or adding square footage to an existing hospital, you will need to first determine the project’s financial feasibility. If not carefully examined and budgeted for, the sheer range of complexities …
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What is Cost Segregation? The Ultimate Guide Real estate depreciation has some big tax advantages for property owners. Utilizing the proper depreciation rules on real estate assets allows you to deduct substantial amounts of the purchase price and/or improvement costs of a property, in turn dramatically reducing your taxable income. But it gets better. The …
