We have to look the matter from a macro level.

A simple statement: When other players are selling off their products (flats) with decent profit why would my flats not get sold.

Real estate business is more like a trend and not a deal based business. The reason is that the number of actual customers and potential buyers is huge you may say vast. When the number of potential buyers are such large in numbers the business goes by trend or mood of customer base (which is common public). In real estate you do not launch a project for specific people rather its for a target segment hence if the trend is favouring developers you are bound to get business.

Now there are two questions: first whether all developers get equal market share and second whether the type of product matter developer’s chances of getting good sales. The answer to both question is “partly No”, As 70% of sale depends on market trend and sentiments. in general situation

There would always be good brands of developers in market selling products and also some not so well branded builders might also be selling, But the up scale brands sure would charge a premium for brand name However apart from brand loyal customers there are lot of value for money seeking customers too, who would prefer a smaller brand at cheaper rate provided the product offered is similar.

Similarly there are always buyers for all kind of real estate products, hence all types of real estate products get customers however a detailed market survey would reveal that which kind of product is in high demand and a careful strategy would ensure that developer gets high profit margin from correct product mix.

Now what are parameters that affect sentiments or trend for desire to purchase of real estate in real estate buyers.

1. Need for houses / commercial space in end users.
2. Surplus funds.
3. No better option to invest than the real estate.
4. Government incentives for buyer’s of real estate.

Coming back to question how do builder’s dare invest funds in developing real estate projects.

If you see the finance mathematics of real estate development business the initial investment would work out to be quite small. And if you have a partner having land rights or an owner-developer kind of business model then you just need marketing setup investment and some fund for getting statutory approvals and legal formalities.

Even if one owns the land and the land component is an investment one can get it back by selling some stock of flats to investors at a lesser rate. By the time developer starts getting end users the units start getting financed by banks so that builder gets project-running capital to keep construction going. As the construction progresses the marketing also gets stronger and more customers join thus ensuring more funds from banks and so on.

What if a developer doesn’t get required or expected end users. He has option to apply for project finance from bank himself and get funds to continue developing the project till sales rise. Many banks provide a EMI free period of 6 to 12 months to developers.

Last option is to sell inventory to bulk investors at relatively less profit margin.

So where is the catch? why do not all businessmen become real estate developers?

Answer is that the trend to buy real estate or Positive sentiments referred above are actually the upward moving “real estate cycle” Which turns itself in few years, the period of turning depends of a complex chemistry of lots of parameters. When all goes positive (upward moving property cycle) everyone’s everything gets sold and all earn good profit. Ironically the cycle as the name suggests turn other way after a certain period when everything goes in opposite direction “property market slowdown”. In such scenario no matter how big the brand is, how good the product specifications are, it would be extremely difficult to sell anything as the investors and end users. The buyer’s would not purchase anything no matter how attractive the offer is made.

Thus its all about riding the train at correct time, early riders will not earn good profit, and late riders may get stuck in down ward moving cycle thus losing expected profit.

Thanks,

Regret spelling and grammatical errors.

As with any large problem, breaking it into pieces and solving it makes it easier. With large construction projects it has various advantages.

1. Funding and Return on investment - The initial funding may not be sufficient to complete the entire project. A phased approach ensures that several blocks can be completed and become productive before others are launched. It ensures capital is utilized effectively. It makes it easier for creditors to see productive assets and provide additional funding.
2. Availability of resources - Resourcing in terms of machinery and material is easier when the project is completed in phases. It ensures that there is no excess inventory and there is little competition for similar resources.
3. Management and maintenance - Management of phased projects is easier. A huge project may have several large delays. However block or phased release ensures there are always some intermediate milestones to celebrate and motivate.
4. Learning from mistakes - Many times a firm may realize a better, more efficient way to do something. While it might be difficult to undo chunks of the larger project, a phased approach ensures that further blocks are developed use better techniques.
5. Change of contractors or plans - While it might be difficult to change contractors mid-way during a large project, several contractors may complete each block in a phased project.

No, construction takeoff services are valuable for projects of all sizes, not just large ones. Construction Takeoff Services supports small, medium, and large-scale projects by providing accurate material estimates, reducing waste, and improving cost control. Even small contractors, remodelers, and homeowners benefit from precise takeoffs, ensuring they order the right amount of materials and avoid costly errors. By using professional takeoff services, businesses save time, enhance efficiency, and create more accurate project budgets. Whether it’s a home renovation, small commercial build, or large development, takeoff services streamline the construction process and help projects stay on schedule and within budget.

There are several reasons why construction project management consultants may not be hired for large size construction projects. Here are a few possible explanations:

1️⃣ Lack of awareness: Some construction professionals and civil engineers may simply be unaware of the benefits that project management consultants can bring to their projects. They might not realize that these consultants can provide valuable expertise on project planning, scheduling, budgeting, and risk management.

2️⃣ Cost concerns: Hiring project management consultants can involve an additional expense, which might be perceived as unnecessary or burdensome for large size construction projects. Some professionals may believe that they can handle project management tasks internally, without seeking external assistance.

3️⃣ Resistance to change: Construction industry can be resistant to change, and some professionals may have a traditional mindset that relies heavily on conventional project management methods. They might not see the value in bringing in consultants who can offer innovative approaches and fresh perspectives.

4️⃣ Lack of trust: Building trust with project management consultants can be challenging, especially if professionals have had negative experiences in the past. It's crucial for consultants to establish credibility and demonstrate their expertise in order to overcome this barrier.

5️⃣ Limited availability: There might be a scarcity of qualified project management consultants in certain regions or industries. This scarcity could make it difficult for construction professionals to find and hire suitable consultants for their large size projects.

It's important for construction professionals and civil engineers to consider the potential benefits that project management consultants can bring to their projects. These consultants can provide guidance, streamline processes, and help ensure successful project execution. However, the decision to hire them ultimately depends on the specific needs, circumstances, and preferences of each project and organization.

Contractors often take longer than the estimated time of completion for projects due to various factors. Here are a few reasons why this happens:

1️⃣ Complexity of the project: Construction projects can be intricate and involve multiple stages, from planning to execution. Unforeseen challenges, such as site conditions or unexpected design changes, can arise during the process, leading to delays.

2️⃣ Weather conditions: Outdoor construction projects are heavily influenced by weather conditions. Adverse weather, such as rain, snow, or extreme temperatures, can disrupt work and cause delays in construction schedules.

3️⃣ Material availability: Sometimes, contractors face delays in receiving necessary materials, which can impact the project timeline. Factors like supply chain disruptions, backorders, or delays in delivery can result in project delays.

4️⃣ Labor shortages: The construction industry often experiences labor shortages, which can affect the completion timeline. Insufficient skilled workers or high turnover rates can slow down progress and stretch the project's duration.

5️⃣ Changes in scope: Changes requested by the client during the project can impact the estimated completion time. Additional work or alterations to the initial plan may require extra time and resources, leading to project delays.

6️⃣ Coordination and communication issues: Effective project management relies on clear communication and coordination among various stakeholders. Miscommunication, delays in decision-making, or a lack of alignment between parties involved can contribute to project delays.

It's important to note that while delays may occur, experienced contractors strive to minimize them by employing efficient project management techniques and proactive problem-solving.

Determining an initial timescale for a construction project requires careful consideration and a systematic approach. Here are some steps to help you in this process:

1️⃣ Evaluate Project Scope: Begin by thoroughly understanding the project scope, including the size, complexity, and specific requirements. This will help you determine the level of effort and resources needed.

2️⃣ Break Down Activities: Break down the project into smaller activities and tasks. Outline each step required to complete the project, from site preparation to final inspections. This will allow for a more accurate estimation of time.

3️⃣ Estimate Activity Durations: Estimate the time required for each activity or task. Consider factors such as manpower, equipment availability, weather conditions, and any potential risks or delays. Use historical data or industry benchmarks to assist in this estimation.

4️⃣ Account for Dependencies: Identify any dependencies or sequencing between activities. Determine if certain tasks can be performed concurrently or if they are dependent on the completion of other tasks.

5️⃣ Allocate Resources: Assess the availability and allocation of resources, including labor, equipment, and materials. Ensure that sufficient resources are in place to support the project timeline.

6️⃣ Consider Contingencies: Account for potential delays, unforeseen circumstances, or changes in scope. Build in contingencies to provide a buffer for any unexpected events that may impact the project schedule.

7️⃣ Review and Refine: Regularly review and refine the timescale as the project progresses. Continuously monitor the progress and adjust the timeline as needed to keep the project on track.

Remember, determining an initial timescale for a construction project requires a careful analysis of various factors. By following these steps and considering all relevant aspects, you can establish a realistic and achievable timeline. Good luck! 👷‍♂️🏗️

Prepare, submit & track construction Progress Bills / Performance Certificate (PC) using cloud based portals such as www.sq-feet.com.

Advantages:

1. Automatic RA Bill creation in real time
2. Track Estimated vs Billed quantities
3. Verify material & labour reconciliation
4. One quantity database for whole project

Have a single point of data entry and have subcontractors, who submit bids and progress reports, do the data entry. No need to download files or send them back and forth via mail.

SQ-FT helps get work done without having to worry about work-related stuff in the evenings or weekends.

All company-wide projects are managed one way which makes project tracking easy to assign to a colleague and ultimately helps implement a standardized process that helps grow the company.

Faster, accurate, and correct client bill cycle

I worked in this field for over 20 years. For every estimator there is at least 2 answers.

but estimators will deconstruct the job into individual work elements. All the labor, equipment and materials needed. They use their experience or resources like RS Means who publishes guides. You build all their pieces, assemble them into a schedule and you have your answer.

an example would be - layout excavation, deliver shoring, install sheet piles, excavate level 1, install wallets, excavate level 2, install walers, finish excavate, install rat slab. Each activity would have a time associated with it.

I have worked on projects out of a pickup truck for a $500,000 soundwall where the schedule was on graph paper. All the way to a $700,000,000 where we had 15000 schedule elements and likely the contractor had over 100,000. With about 6 work calendars. It can get crazy silly.

Construction projects can experience delays or take longer than initially anticipated due to various factors. Here are some common reasons:1️⃣ Unforeseen Site Conditions: During construction, unexpected issues such as encountering underground utilities, poor soil conditions, or hidden structural problems may arise. These require additional time for investigation, redesign, or unforeseen repairs.

2️⃣ Weather Conditions: Extreme weather events like heavy rain, storms, or snow can significantly impact construction schedules. These conditions may hinder workers' productivity, damage existing structures, or make it unsafe to continue work.

3️⃣ Permitting and Regulatory Processes: Obtaining necessary permits, adhering to local regulations, and fulfilling legal requirements can lead to delays. The bureaucratic nature of these processes, including waiting for approvals and inspections, can slow down project timelines.

4️⃣ Supply Chain Issues: Construction projects rely on a complex network of suppliers and subcontractors. Delays in material deliveries, equipment availability, or subcontractor scheduling conflicts can disrupt the workflow, causing project delays.

5️⃣ Design Changes and Scope Creep: As construction projects progress, design changes and scope creep can occur. These modifications may require additional time for rework, redesign, or adjusting the construction sequence to accommodate new requirements.

6️⃣ Labor Shortages: Skilled labor shortages within the construction industry can impact project timelines. The lack of qualified workers or competing projects can delay construction progress, especially in high-demand areas.

7️⃣ Financial Constraints: Budget limitations or funding issues can cause delays if there is a need for additional capital or a reassessment of project feasibility. Securing financing or resolving financial disputes can prolong construction timelines.

8️⃣ Coordination and Communication Challenges: Large-scale construction projects involve coordination among multiple stakeholders, including architects, engineers, contractors, and subcontractors. Inadequate communication, misalignments, or conflicts can lead to delays as parties work to resolve issues and maintain project continuity.

It's important for construction professionals and civil engineers to consider these factors when planning and managing construction projects. By proactively addressing these challenges and implementing effective project management strategies, delays can be minimized, and projects can be delivered more efficiently.

They use one of these to transfer measurements from the blueprints to the building site…

A total station or total station theodolite is an electronic/optical instrument used for surveying and building construction. It is an electronic transit theodolite integrated with electronic distance measurement to measure both vertical and horizontal angles and the slope distance from the instrument to a particular point, and an on-board computer to collect data and perform triangulation calculations.

Construction estimating services can be beneficial for projects of all sizes, not just large ones. These services are valuable tools that help construction professionals, contractors, and project owners determine the cost of a construction project accurately. Here's why construction estimating services can be beneficial for projects of various sizes:

1. Cost Control: Accurate cost estimation is crucial for staying within budget, regardless of the project's size. Small and medium-sized projects also require cost control to ensure profitability and financial viability.
2. Project Planning: Estimating services helps in the planning phase by providing a detailed breakdown of costs. This planning is essential for scheduling, resource allocation, and obtaining necessary financing.
3. Resource Allocation: Efficient resource allocation, including materials, labor, and equipment, is essential for small projects to maximize productivity and minimize waste.
4. Decision-Making: Estimating services provide valuable data that can inform decisions about project scope, design modifications, and cost-saving measures, which are relevant to projects of all sizes.
5. Funding and Financing: Whether a project is small or large, securing funding or financing often depends on accurate cost estimates to convince stakeholders or lenders of the project's feasibility.
6. Risk Mitigation: Proper cost estimates help identify potential risks and uncertainties in a project's budget. Addressing these issues early can prevent costly surprises, regardless of project size.
7. Legal and Contractual Considerations: Accurate cost estimates are important for creating contracts and agreements that protect all parties involved, including owners, contractors, and subcontractors.

While the complexity and scale of the estimating process may vary depending on the project size, the fundamental principles of accurate estimation remain the same. Construction estimating services can adapt to the specific needs and requirements of the project, making them valuable tools for projects of all sizes. Whether it's a small home renovation or a large commercial construction project, precise cost estimation is essential for successful project management and execution.

There are lots of reasons. But the first one is that the schedule was overly optimistic in the first place. I've seen schedules that absolutely rely on everything going exactly right and on a construction project with literally thousands of nodes, that just doesn't happen

So here are typical :

Weather delay. Both getting work done but also getting deliveries on time. Logistics is a big deal.

Product delay. It happens-- a fabrication plant goes on strike, loses power, has a problem with their equipment. Sometimes things are held up in customs, or there are shipping problems.

Installation screwups: the thing before has an install problem that delays the things after. This happens frequently.

The design isn't as constructable as expected. We often ask for mockups to work out install bugs, but contractors always claim they don't need them.

Testing fails: we do ongoing testing on the exterior and failures have to be fixed.

Agency delays or inspections. Usually these delays are at the front end, but if the start date is pushed back, it may push other things out of sequence.

Owner changes their mind: happens more than you think.

The primary reason that large construction projects are built in phases is due to financing requirements. Construction loans are typically structured in such a way as to ensure completion of the project and safeguard the lender's position as an investor in the project.

For example, the lender may initially release 1/3 of the loan for a project's "soft costs" and for the first phase of construction, which usually consists of demolition, land clearing, pouring foundations, setting support pilings, and placing infrastructure components such as sewer service, electricity & gas lines, etc.

The loan documents will set forth conditions for release of funds for the second phase of construction, which is usually contingent upon the general contractor having received proper permits evidencing that all of the elements of the first phase have been constructed properly and in accordance with local laws.

The second phase usually consists of construction of the building's structural skeleton, floors, walls, roof and basement areas, including the "roughing-in" of plumbing, telephone and data, electric and gas lines, and fire protection systems throughout the building or complex.

The third phase typically involves construction and placement of all "finish materials" throughout the building. These are the interior walls, floors, ceilings, lighting, plumbing fixtures, appliances, etc., that will be used by the occupants of the building or complex.

The process of concrete delivery for construction projects involves several steps to ensure that the concrete is mixed, transported, and poured efficiently. Here's an overview of the typical process:

1. **Ordering Concrete:**

- The construction project manager or contractor determines the amount and type of concrete needed for the project.

- They contact a ready-mix concrete supplier and place an order, specifying the mix design, strength, and any special requirements.

2. **Mixing Concrete:**

- The concrete supplier prepares the concrete at a batching plant. Ready-mix concrete is a pre-mixed combination of cement, aggregates, water, and sometimes admixtures.

- The mix design is crucial, as it determines the concrete's properties such as strength, workability, and durability.

3. **Loading Concrete into Mixer Trucks:**

- Once the concrete is mixed, it is loaded into special trucks called concrete mixer trucks or transit mixers.

- These trucks have rotating drums that keep the concrete agitated and prevent it from setting during transportation.

4. **Transportation:**

- The loaded concrete mixer trucks travel to the construction site.

- The transit time is critical, and concrete must be delivered within a specific timeframe to ensure it remains workable.

5. **Arrival and Unloading:**

- Upon arrival at the construction site, the concrete mixer trucks position themselves near the designated pouring area.

- The drum rotates in the opposite direction to discharge the concrete.

6. **Pouring Concrete:**

- The concrete is poured into the prepared forms or molds at the construction site.

- Construction workers use various tools, such as wheelbarrows, concrete pumps, or conveyors, to distribute the concrete where needed.

7. **Finishing:**

- After pouring, construction workers finish the concrete by leveling and smoothing its surface.

- This may involve the use of screeds, trowels, or other finishing tools to achieve the desired texture and appearance.

8. **Curing:**

- Once the concrete is placed, it needs to cure to develop its strength properly. Curing involves keeping the concrete moist and at the right temperature for a specified period.

9. **Quality Control:**

- Throughout the process, quality control measures are implemented to ensure that the concrete meets the specified standards and requirements.

10. **Cleanup:**

- After the concrete is placed and finished, the construction site is cleaned up, and any excess material is removed.

Efficient coordination between the construction project team and the concrete supplier is essential to ensure a smooth and successful concrete delivery process. Timely communication, accurate orders, and proper planning contribute to the overall success of the construction project.

ESTIMATE A CONSTRUCTION PROJECT

There is a two-step process for estimating every construction project:

Step 1. Determine Your Costs.

Step 2. Apply a Markup that will yield the appropriate profit after expenses.

It is that simple, but it is not that easy if you don’t have a systematic process for producing an accurate estimate in a short amount of time.

The speed and accuracy at which you perform the steps above will directly influence the closing rate and potential profitability of your construction projects.

But before you can develop a fast, accurate system for estimating your construction projects, you need to stop doing a couple of things.

STOP ESTIMATING USING THESE TECHNIQUES

STICK ESTIMATING CONSTRUCTION COSTS

Stick estimating (counting every piece of material and determining every hour of labor) is an accurate way to determine your costs, but stick estimating is extremely inefficient. Stick estimating can also lead to oversights if the project plans are not complete or you miss a scope item.

If you want fast, accurate estimates, then stop stick estimating.

ESTIMATING CONSTRUCTION COSTS BY HAND

The only technique more inefficient than stick estimating is estimating by hand. Even if you are detailed with your takeoffs, scope, and notes, you will still miss something or hit the wrong button on the calculator. Estimating by hand is prone to errors, is not repeatable, and a waste of your valuable time.

UNIT COST ESTIMATING

If you want to produce fast, accurate construction estimates, then you need to develop a unit cost method for estimating your construction projects.

Combining a unit cost method with the correct estimating software is the fastest, most accurate, and cost-effective way to produce construction estimates for your business.

WHAT IS THE BEST CONSTRUCTION ESTIMATING SOFTWARE?

I know this may seem vacuous, but the best estimating software for your construction business is the one that you will actually use.

Many good construction estimating programs are buried within bloated, complex, and expensive project management software. Although these software programs contain many useful project management tools, there is usually a steep learning curve prior to implementation.

Dedicating time to learning a new program is fine if you have the time, the resources, and the personnel to do so.

This are some software

1. Active Takeoff
2. STACK
3. Bluebeam Revu
4. ConstructionOnline
5. Candy
6. House Flipping Spreadsheet
7. Dynamics SL
8. BuildingConnected
9. Total Build
10. Estimate Rocket

Construction is a lot more complicated than cooking. With cooking you can add the right ingredients and gage the heat under the pot and only either of 2 results will be the outcome. Undercooked or overcooked/burnt when the constraint is time. With construction you can schedule the delivery of all the materials, hire all the necessary forces and the only thing to show for it is delays. It is a very fickle animal, construction is; because a little bit more than appropriate material or a little bit more than appropriate labor can wreck and delay the whole project. Just to fix a mistake on a construction project is an unplanned delay.

The only time I can remember a construction project firing on time with all cylinders was when we renewed 80 houses in 90 days. We did not care if we did it. Our plan was to renovate a total of 460 but we had to move the relocate 80 residents to the first 80 so we could get to the other 380. That first schedule was almost as significant as ordering a concrete pour.