New York, San Francisco and Hong Kong are the world’s most expensive cities to build in, according to the latest International Construction Cost Comparison published by Arcadis! Or so we were told in 2019. It just got a whole lot more expensive – here’s why. Additional building hygiene and social distancing rules, elevator capacity regulations of 4 people, site sanitization twice daily, personnel logs, 14 day quarantine, container shortages, factory shutdowns, reductions in the customs clearing workforce in NJ and a raft
Most people think payment to a general contractor for a remodeling project is broken down into four main categories: materials, installation labor, subcontractors and markup. But there’s a fifth category that may not immediately come to mind: General Conditions or GC. General Conditions are the costs incurred during a project that generally don’t involve swinging a hammer or installing something permanently in your home. These costs are usually not visible. Here’s what you need to know.