Business Owners assure adequate
for the project to be paid in a timely manner. And part of this
task is to arrange reserve funding for the inevitable problems. Business Owners
do some serious research -- including an analysis of their market -- to determine
projected sales volume
and anticipated expenses.
Long before there is a contractor, the owner makes what may be the most vital
decisions on the typical construction project: what contractor, designer,
CPA, attorney, real estate broker, engineer, bank officer, etc. to utilize.
Most often, the owner selects an attorney or contractor and those people have
a group of experts they often work with. More important than the job itself
is the right mix of people to work on the project AND the constant supervision
of the group of professionals to make sure that all tasks are being completed
and that they are working well together.
Opening delays hurt bottom line. Paying several entities
on top of losing several months of business could be devastating.
Although the designer normally researches and prepares recommendations for
technical matters relating to the design, when involving quality, cost and/or
time, these corrections, changes, and interpretations are communicated to
the owner who often controls the final disposition on the matter.
Senario: A business
owner obtains a 5-Year term and 6% interest construction loan to pay for the
project (10,000 ft2 new building) and for a working capital that
cover a substantial costs to bridge the time between making expenditures and
obtaining revenues (Extra 25% of the fair market cost of the structure). Unfortunately
he/she experiances a 3-months delay during the permitting phase.
This delay impact
calculator will help you determine
the impact value on your bottom-line
. To analyze
the impact of plan review delays on the net cash flow
of the 1st
year projected revenues, Please provide the following
information and click "Next". To auto populate, click Default:
Disclaimer: While the analysis obtained is believed to be correct,
OptaSoft assumes no responsibility or liability for its accuracy. The analysis
presented in this page should not be used or relied upon for any specific
application without competent examination and verification of its accuracy,
suitability and applicability by licensed professionals. OptaSoft does not
intend that the use of this report replace the sound judgment of such competent
professionals, having experience and knowledge in the field of practice, nor
to substitute for the standard of care required of such professionals in interpreting
and applying the results of the generated report provided by this software.
Users of the information from this software assume all liability arising from