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Property Improvement Plan Considerations

Property Improvement Plan Considerations

These days commercial real estate is being flooded with property improvement plans (PIPs).  As an owner of a property, how should you look at a PIP? What criteria and standards should you consider? What posture should you take? The professional owner’s representatives...

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Hotel Property improvement Plan Explained

Hotel Property improvement Plan Explained

What is a Hotel Property improvement Plan? A hotel property improvement plan or PIP is an action plan for a hotel to bring it into compliance with brand standards levied by the brand manager or franchisor. The plan can call for improvements to things such as exterior...

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Free Yourself From the Pre-Construction Quagmire

Free Yourself From the Pre-Construction Quagmire

Does this situation look familiar? The stalled development project is back and alive, after re- pricing it is coming in way, way over the previous budgets. You need help to kick-start your project but with the current state of the construction cost market it’s no...

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Estimating Construction Costs

Estimating Construction Costs

Accurate construction cost estimates are crucial to the success of a construction project? They are the cornerstone of every construction project. With the construction cost estimate decisions are made on the feasibility of the project—whether it Is a “go” or a “no-...

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Soft Costs Builders Risk

Soft Costs Builders Risk

All buildings under construction are exposed to a multitude of risks that owners and builders of these projects have to deal with effectively. Builders risk insurance policies is a common way to guard against these perils.

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Pre-Construction Checklist Basics

Pre-Construction Checklist Basics

Pre-Construction Checklist should include things such as feasibility of the proposed concept, engineering assessments, initial design and development, scope of roles and responsibilities, budget outlines and assumptions, a schedule for construction with important milestones and assumptions, post-construction sales/leasing activities.  

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