Winkelman Blog

3 Financial Questions to Answer before Building

Posted by Michael Schoenecker on Apr 5, 2017 2:28:00 PM

Your company is growing, and that’s a great thing. Revenues are up, your client base is expanding, and you are hiring new employees to meet rising demand. And as your business grows, you are experiening growing pains with your current facilities. The time has come to expand your office or building to accommodate the growth of your company and better situate the business to handle future growth.

It is important that you stop and take a moment to answer a few financial questions before making an addition to your current space. Before you begin this exciting project, take some time to consider a few finance tips before construction.

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Topics: Project Management, Estimates, Cost-Effective

5 Tips for Creating a Realistic Construction Timeline

Posted by Michael Schoenecker on Dec 27, 2016 5:22:00 PM

A construction project for a business can be very exciting. Unfortunately, without proper and thorough planning, it can also be a nightmare. The key to avoiding that nightmare is to create a realistic construction timeline.

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Topics: Project Management, Construction Management, Estimates, Construction Planning, General Contracting

3 Tips for Finalizing Your Building Budget

Posted by Michael Schoenecker on Nov 23, 2016 11:45:00 AM

The most important part of any construction project is not the materials you use or even the location you choose. Instead, your budget is the single factor that should be held up above all else in terms of importance. No matter how energy efficient the facility is or what benefits it provides to your operations in the future, it all comes down to the budget. 

As you prepare your construction budget for an upcoming project, you can increase the accuracy of your budget by considering a few helpful tips. These tips will help you finalize your budget accurately and set your company up for success.

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Topics: Estimates, Cost-Effective, Construction Planning

Infographic: GMP vs Cost Plus

Posted by Michael Schoenecker on Apr 20, 2016 7:37:00 AM

The beginning stages of any construction project can seem like an endless stream of decisions. Sure, you have your end result in mind, but what about all those steps in-between? Remember to think about all the obstacles that can affect your project’s timeline.

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Topics: Estimates, Construction Planning

The Power of an Accurate Estimate

Posted by Michael Schoenecker on Dec 28, 2014 1:24:00 PM

Every construction project starts in the same manner: a vision. In the world of commercial construction, this vision is often crafted by a company that sees growth in its future and a need for bigger, refreshed, or more advanced facilities. Before a vision can become reality, your company needs to look at real-world finances to determine the feasibility of a proposed construction project. The only way to do this successfully is with an accurate estimate.

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Topics: Estimates, Cost-Effective, Construction Planning

We Don’t Bid Shop, and Here’s Why…

Posted by Michael Schoenecker on Aug 20, 2014 9:07:00 AM

For many projects, bidding is a vital and crucial part to a construction venture. In fact, one of the biggest parts of a building project for construction teams is the bidding process. When bid shopping is involved, things can get messy and downright unethical. At Winkelman, we vow to never bid shop. Before we explain why – let’s dive in to what bid shopping is, and how it impacts the construction process.

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Topics: Project Management, Estimates, Cost-Effective

Upfront Construction Planning Makes an Enjoyable Process

Posted by Michael Schoenecker on Jul 23, 2014 9:03:00 AM

When you begin drawing up plans to build new or make changes or additions to a current building, excitement can often become overshadowed by stress, anxiety or budgeting concerns. If you are able to take a step back, gather your thoughts and do some upfront construction planning, you’ll be able to really enjoy your process and the adventure that awaits. Below are some of the key planning elements to make your project not only a success, but an enjoyable one!

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Topics: Project Management, Estimates

The Importance of a Commercial Remodeling Cost / Schedule Evaluation

Posted by Michael Schoenecker on May 14, 2014 11:59:00 AM

Realtors are matchmakers. They depend on their ability to successfully match clients with properties. Of course, like the princess that couldn’t imagine a frog might be a prince, many clients can’t readily see why or how a proposed space could work for them. The realtor, of course, develops this knack and helps buyers envision how changes—renovations—can allow them to customize a space to make it suit them perfectly. Part of the challenge is to usher potential buyers through the remodeling process model so that they become comfortable with costs and timelines. Savvy realtors who take time to go over the ins and outs of the cost / time estimate with a construction firm are likely to see some substantial benefits for their efforts.
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Topics: Property, Renovation, Estimates

How to Get Accurate Commercial Construction Estimates from the Start

Posted by Michael Schoenecker on Apr 23, 2014 10:30:00 AM

As a business owner, you may be wondering if the time is right to expand your business and give it the leg-up it will need to sustain its growth and success for years to come. For many business owners, one of the greatest signs of solid growth is the ability to invest in new facilities for the business.

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Topics: Project Management, Estimates