Apr
20

Five Ways to Save Money on Multi-family Construction

By
– Multifamily Executive

As developers begin to look at whether new construction pencils out again, architects, property managers, and general contractors are getting a lot of calls to do studies and help underwrite deals. Some of these proposals will turn into nothing, but others could eventually lead to starts. What separates a winner from a loser? Well, finding debt and equity is always the biggest driver.

But actually penciling out construction deals makes a big difference as well. At least, that’s what Mat Dougherty, director of business development for Rosemont, Ill.-based The McShane Cos. says. “Everyone wants the best deals they can get,” Dougherty says. “People are a lot more sensitive to price.”

That said, here are five ways general contractors (GCs) can save developers money on new development.

ARTICLE SHORTENED DUE TO LENGTH….

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