Monday, June 28, 2010

Construction Costs

Today I met with Royce Coker, owner of Coker Construction. Royce has spent most of his adult life in construction, the majority of which has been spent in TI work for commercial real estate; however, because of the economy, he was let go from his previous position which has spurred him on to starting his own company. So, I thought what better person to go to with our construction numbers.

After discussing with him the logistics of our property, showing him pictures and giving him drawings and layouts, he came up with a break down of numbers that seemed to match pretty well with the numbers Brant and I had come up with (at least from a holistic standpoint; he shed a vast amount of light on what the numbers would actually go for). Brant and I had figured staying within $25-$30 for the overall construction, and the best case scenerio that Royce gave was $27.00 PSF.

The only number we threw at him was the cost of the overhead doors, which Brant secured a quote for from BP, a total of almost $48,000!!! For six doors?

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