Tag: Costs
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Hidden Costs in Property Management: What Owners Overlook Until It’s Too Late
Property management involves much more than collecting rent and overseeing tenant complaints. While the returns can be rewarding, many property owners—especially those new to the game—find themselves unprepared for a series of hidden costs that creep in over time. These unexpected expenses can quickly turn a profitable investment into a financial burden. Understanding and preparing…
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Energy-Saving Tips to Cut Commercial Refrigerator Costs
Commercial refrigerators are the backbone of many businesses, from restaurants to grocery stores, but they can also be one of the biggest drains on your electricity bill. The good news is that there are several ways you can optimize the performance of your commercial refrigerator to reduce energy consumption, lower operating costs, and extend the…
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Hidden Costs of Home Remodeling and How to Avoid Them
Dreaming about a home remodel is the fun part — picturing the perfect kitchen where your family gathers, a bathroom that feels like a spa retreat, or a cozy living space that finally reflects your style. It’s a chance to reimagine your home and bring comfort, beauty, and function into your everyday life. But amid…
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Cut Tariff Costs with Smarter Material Choices via Ansys Granta
With new waves of import tariffs creating uncertainty across global supply chains, engineering and sourcing teams are being pushed to rethink how they select materials. For companies designing and manufacturing physical products, these changes don’t just impact procurement—they threaten timelines, margins, and product performance. That’s where Ansys Granta comes in. Granta provides powerful materials intelligence…
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How Spray Foam Cuts Costs in Commercial Renovations
Did you know that commercial buildings in the U.S. waste up to 30% of their energy due to poor insulation? This staggering statistic highlights the urgent need for smarter solutions in commercial building renovations. One of the most effective ways to address this issue is through the use of spray foam insulation. Spray foam insulation…
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Commercial Costs of Building a Backyard Pickleball Court
Pickleball is booming, and more homeowners than ever are thinking about building a court in their own backyard. If you’re considering it too, it’s smart to understand the commercial costs involved and what factors can impact your budget before you get started. In this article, I’ll break down the typical costs of building a backyard…
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The Hidden Costs of Overlooking Drainage Infrastructure Design in Construction Projects
Construction projects, particularly large-scale construction projects, require meticulous planning to stay on schedule and within budget. Yet, one critical factor often underestimated in the early phases is drainage infrastructure design. Overlooking proper drainage planning can lead to delays, structural instability and costly rework. Flooding, soil erosion and regulatory setbacks can disrupt timelines and inflate budgets.…
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PLA use didn’t increase project costs, Illinois study finds
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Project labor agreements in Illinois did not have a statistically significant effect on projects’ construction costs, as the award amounts for winning bids were not higher on PLA projects compared to those without PLAs, after accounting for…
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Construction materials costs rise for third month on tariff pressures
Dive Brief: Construction input prices increased 0.5% in March, while nonresidential input prices climbed 0.6%, both unusually steep jumps, according to an analysis by Associated Builders and Contractors of U.S. Bureau of Labor Statistics data. Both overall and nonresidential input prices are now 0.8% higher than a year ago and sit more than 40% higher…
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Eradicating the common mistake that can lead to higher construction costs
Experts at RNDV, a group of companies with a long-term experience in electrical installation, shipbuilding and complex construction management, say cutting costs for critical competences, such as project management, can lead to costly downtimes and unforeseen situations. It can inflate the budget, causing delays and, therefore, erosion of profits. Kaziulis continues: “Sometimes, to save money…