When asked about budgeting practices, surprisingly most managers report they typically develop only 1-year budgets, approximately 20-30 percent do 5-year budgets and less than 10 percent do 20-year budgets. The most common reasons quoted are: “We...
Physical space is critically important to the people living and working there. Across sectors like healthcare, education, religious institutions, and housing services, the built environment plays a dual role – ensuring safe service delivery to ...
March 3, 2022
Uncategorized
In this blog post… What is a Property Condition Assessment Report (PCA)?What does a PCA entail?Transition Report & Reserve Study vs. The Property Condition Assessment ReportWhat Types of Additional Property Reports Are Available?Property...
Being involved in a large-scale construction project can be incredibly exciting and has the potential to translate into major profits for all parties involved. However, it is essential that you closely monitor and oversee the project in order to prot...
A developer’s or owner’s construction budget should include an ample hard cost construction contingency. Accounting for hard costs is obvious to sophisticated owners, but the more difficult question is: “How much is enough?” To answer this questio...
September 24, 2021
Industry News
Construction loan monitoring, whether it be for renovations or new developments, is inherently risky. Banks, lenders, and investors want to ensure the proper handling and spending of their money. Developers are hoping for a seamless project from star...
August 13, 2021
Uncategorized
Like most business sectors, the US construction industry has undergone significant change in the past 18 months as the fallout of the pandemic impacts supply chains, the availability of workers, and virtually every aspect of the typical construction ...
August 9, 2021
Uncategorized
Ben Franklin coined the phrase, “An ounce of prevention is worth a pound of cure.” As independent building consultants, we subscribe to that theory and advise clients on ways to PREVENT maintenance problems before they occur. Unfortunately, we are of...
August 9, 2021
Uncategorized
Effective capital replacement planning requires that a facility prioritizes its capital replacement spending, using its business model and business objectives as guidelines. With sufficient financial underwriting, facilities have the ability to proac...
August 9, 2021
Uncategorized
zumBrunnen, Inc., founded in 1989, is an independent building consulting firm serving a diverse base of national clients. The firm has developed unique, industry-specific building consulting services bringing cost-savings to existing facilities and s...