Example of a Weekend Intensive

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Construction Estimating and Analysis

Day One

8:30 – 9:00am      Event sign in with coffee and pastries.

9:00 – 10:30am   Construction primer within the Chicagoland Market.  By understanding the evolution of construction, the student will be better prepared to diagnose the necessary critical repairs necessary to evaluate the budget.  There are many critical components which are no longer acceptable “code”, and many banks and lending programs require specific code compliance.

  • (a)   History of framing

    • (i)    how it affects current energy codes

    • (ii)   what is considered safe for load bearing and how it affects building first and second floor structures – code compliance

    • (iii) how it affects doors and windows

  • (b)   History of insulation

    • (i)    current residential energy codes

    • (ii)   current code compliance

  • (c)   History of plumbing

    • (i)    overview of different materials and code compliance

    • (ii)   pitfalls of early used materials

    • (iii) basic/common residential code compliance

  • (d)   History of electric

    • (i)    overview of various materials used and code compliance

    • (ii)   pitfalls of early used materials

    • (iii) basic/common residential code compliance

 10:30 – 10:45       Break

10:45- 12:00         Understanding how to work within the municipalities.  This will afford the student the opportunity to better understand the future building possibilities of a property.  What is acceptable and what is not and how to find this information.

  • (a)   Understand the residential zoning classifications

    • (i)    understanding R-1 through Commercial use

  • (b)   What are setbacks and easements?

    • (i)    Side, rear, corner lot and front setbacks

    • (ii)   how easements will affect building

      • 1.     where utilities are located

      • 2.     who is responsible for its maintenance

      • 3.     the ever dreaded tree issues

  • (c)   Development standards

    • (i)    lot size

      • 1.     width and depth

    • (ii)   ridge height

    • (iii) FAR (floor area ratio) or building coverage

    • (iv)  maximum floor area

12:00 – 12:45       Lunch break

12:45 – 2:30         The permitting process in depth.  By having a better grasp of what the municipality will expect, the student can determine the time and cost associated with a large or small remodel.

  • (a)   Required plans for non-structure altered remodeling and altered structured remodeling

    • (i)    Architectural plans – signed and stamped

      • 1.     required for all structural modifications

    • (ii)   Engineer drawings – signed and stamped

      • 1.     platt of survey requirements

        • a.      required for all structural modifications

        • b.     required for new garage or addition

      • 2.     topographical survey requirements

      • 3.     special use area – detention

  • (b)   Required document from various trades

    • (i)    General contractor

    • (ii)   Plumber

    • (iii) Electrician

    • (iv)  Excavation/foundation

    • (v)   Roof

    • (vi)  Masonry

  • (c)   Remodeling which does not require licensed trades

    • (i)    Windows, siding, doors, flooring, paint, trim, etc.

  • (d)   What the heck is a ROW bond?

    • (i)    it’s purpose

    • (ii)   when it will be refunded, if at all

  • (e)   Permit application

    • (i)    where to find it

    • (ii)   fees and timing

    • (iii) use of a third party review team

2:30 – 2:45            Break

2:45 – 4:00            Construction budgeting – handout.  Review and discuss the most common construction costs and how to accurately calculate pricings.

4:00 – 5:00            Review a kitchen which needs remodeling (photographs and dimensions provided) and calculate the accurate pricing.  The students will break out into groups of 2 – 3 and determine what the budget is for this simple kitchen remodel.  Handout provided.  Required knowledge to calculate accurately;

  • (a)   demolition and debris removal

  • (b)   plumbing rough and finish

    • (i)    how would current codes affect the project

  • (c)   electric rough and finish

    • (i)    how would current codes affect the project

  • (d)   insulation

  • (e)   drywall and paint

  • (f)    cabinet and countertops

  • (g)   flooring

  • (h)   finish elements

    • (i)    backsplash

    • (ii)   cabinet hardware

  • (i)    required permits

    • (i)    cost and timing

    • (ii)   required plans

      • 1.     who and what?

Day Two

8:30 – 12:30         Site work.  Visit 3-4 nearby locations which are for sale and require remodeling.  Following visit 2-3 homes in the area which are for sale that contain nice finishes.  Handouts are provided.  Required notetaking and pics to assess the following;

  • (a)   age of home

  • (b)   current framing, plumbing, electric and HVAC in place

    • (i)    is the home “soft” in areas

  • (c)   evaluate siding, windows, roof, garage and landscape

  • (d)   evaluate flooring and paint

    • (i)    are floors sagging

  • (e)   finish work – trim, tile, lighting etc.

  • (f)    lot size and how it relates to the neighboring community

12:30 – 1:15         Lunch break

1:15 – 2:30            Compare the properties based on existing conditions and what would be required for an updated project and its effects on the budget.

  • (a)   Who and what is the current market – who is going to buy the property

  • (b)   What are the current offerings in the completed homes high end, low end or average

    • (i)    kitchen

    • (ii)   bathroom

    • (iii) flooring

    • (iv)  siding, roof and windows

    • (v)   trim and paint

2:30 – 2:45            Break

2:45 – 4:00            Carefully evaluate the requirements of permits and zoning and how it relates to the construction project.  The knowledge necessary can be obtained through municipal websites and possibly verbal communications.

  • (a)   Determine permits and zoning for the local municipality.

    • (i)    locate municipal web site

  • (b)   find information regarding

    • 1.     zoning

    • 2.     permit pricing

    • 3.     permit processing duration

4:00 – 4:30            Prepare for case study.  Handouts will be provided. Each student will select one property and prepare a comprehensive construction evaluation for a successful project.  Each student is expected to take the following into consideration;

  • (a)   What finish is expected in the local market

  • (b)   What is the accurate construction budget

  • (c)   What is required for permits and/or zoning