Black Peak Construction looks for opportunities to become involved with your project early where we can add value to the pre-construction process. Budgeting, site selection, and lease negotiation are just a few of the services that we are capable of performing on top of overall project feasibility. We routinely work with clients on budgeting and/cost reducing options to meet their project's needs. It is at this stage that we can prove our value. Over the years we have developed a detailed database of historical costs that help to keep your project on budget from the start.
Step #1: Conceptual Estimate – A high level estimate often during the client’s due diligence phase using “back of the napkin” sketches or conceptual drawings. This estimate is prepared to provide the project team with a rough order of magnitude (cost per square foot) pricing before proceeding to the construction drawings. This estimate also provides the owner with information to determine whether the project meets their overall budget requirements.
Step #2: 50% Design Development Estimate – This estimate is typically 2 to 3 pages and includes a breakout of the costs broken into the 16 CSI categories. For this estimate we perform a rough quantity take-off and provide unit prices where the design allows. We typically utilize our historical cost information with potentially some input from key subcontractors. This estimate is typically accurate to +/- 5 to 10% of the final budget.
Step #3: 50% CD Estimate – For this estimate we refine the Design Development estimate with more quantity takeoff and unit pricing. We solicit input from additional subcontracts to confirm current market conditions and pricing.
Operating Knowledge: As an owner, manager, and operator of restaurant, office, and multi-family property, Black Peak has a unique understanding of how each of these different project types work over its operational life cycle. This understanding gives us the opportunity to advise our clients on what works. Whether it is material selection, design of the space, or even equipment selection we bring an in-depth knowledge base to the table beyond simply construction management. This knowledge almost always adds to the quality of the project and ultimately leads to a more satisfied customer.
Value Engineering: At times, it becomes apparent that our clients will not be able to keep their project within reach financially. At this point we can step in to help pull the budget back in line with cost cutting measures that still maintain the design intent while eliminating unnecessary costs. This process would include:
- A detailed review of the design and program to identify VE opportunities.
- Provide pricing for alternate materials and designs.
- Schedule impact analysis for VE options.