Capital calls are additional money requested from equity owners to bridge deficits in construction or operating costs. These calls often happen due to initial underfunding or unforeseen expenses.
Cost estimating in construction involves predicting the total costs of labor, materials, capital, and professional fees required to construct a proposed project.
In real estate, historic cost refers to the original financial expenditures incurred during the construction or acquisition of a property. This term contrasts with the original cost, which represents the purchase price paid by the current owner.
The lineal foot is a unit of measurement used in real estate to represent a one-foot length measured in a straight line along the ground. Commonly used in pricing land and determining costs for building materials, the concept assumes consistent depth or width.
Marshall & Swift provides construction cost data that helps in estimating building costs across various types, quality levels, and geographic areas. This information is crucial for appraisers, insurers, and real estate professionals.
A Quantity Survey is a meticulous method used by appraisers to estimate the reproduction cost (new) of an improvement. It involves a detailed cost estimate of all materials, labor, and overhead required to replicate a structure.
