Architecture / June 25, 2018 /
Speedy completion is often required on commercial developments. The pressure to achieve early completion intensifies when financing and interest costs associated with acquiring the site begin to mount. Clients will seek the early appointment of a contractor in these situations to enable a fast start up on site and will favour fast track design approaches where the design is developed in parallel with site construction operations. Such approaches risk allowing insufficient time to identify or consider beneficial design options, and may, on occasion, lead to abortive working and losing time. Speedy construction on site often requires accelerated working and shift or overtime payments, more intense management presence, and the use of dependable subcontractors and suppliers, all of which add to the cost of the project. Fast track approaches rule out cost certainty and the client will become aware of the eventual cost only at an advanced stage of the project.
The worst part about lowering the quality as you increase the size is that it eventually lowers the re-sale price. Take a look online in the neighborhood or area of town you are interested in and look for only homes that all cost the same amount of money, say a million dollars. When I do this exercise, I almost always find some larger homes that are not all that attractive and some smaller homes that are well-designed and beautiful. Bigger does not translate into better resale value. The price per square foot of a home with a focus on quality is higher than a larger home that sacrificed quality for size. And this only becomes more evident as the home ages.