Best Estimate Challenge Winner:
Northern Arizona University Union Dining Hall
by Kinney Construction Services
Sponsored by Design Cost Data Magazine and the International Builders Exchange
Creating a state-of-the-art dining facility to satisfy more
than 22,000 hungry college students would serve up a challenge for any
university. But long before starving scholars began to stretch their dining
dollars at Northern Arizona University’s Union Dining Hall, the estimating team
of Kinney Construction Services Inc. (KCS) cooked up some careful calculations
of its own.
The 27,283-square-foot expansion project was completed in
just 13 months – in time for the start of classes in Fall 2008. And keeping it
within the $8.05 million budget proved to be a recipe for success for KCS.
Design Cost Data™, along the International Builders Exchange
Executives and the American Society of Professional Estimators (ASPE), is proud
to announce Kinney Construction Services of Flagstaff, Ariz., as the winner of
the 2009 Best Project Estimate Challenge, for its work on the North Arizona
University (NAU) Union Dining Hall project.
Best Estimate Challenge Runner Up:
The Westin Book Cadillac Hotel Restoration
The Westin Book Cadillac Hotel and Condominiums in Detroit, Mich., is a definite
contender for the latter. It’s also the runner-up in Design Cost Data™’s Best
Project Estimate Challenge for the joint work of Marous Brothers Construction of
Willoughby, Ohio, and Jenkins Construction Inc. of Detroit.
Built in 1924 as a flagship hotel for the “Fifth Avenue of
the West,” the Book Cadillac Hotel was a symbol of opulence and prestige. It
cost $14 million to build and contained 1,136 guest rooms, making it the tallest
building in Detroit and the tallest hotel in the world.
DCD Builder Product Revue
Catch Falling Profits!
Implement a Digital Safety Net
Technology is revolutionizing the construction industry. While estimators are
reaping the benefits of estimating software, project managers have greeted the
industry shift with more reluctance than acceptance. All the while, architects,
engineers, and general contractors are demanding more and more from project
managers in all of their construction endeavors, and adopting speedier, more
accurate practices is no longer a matter of choice, but rather, a necessity for
staying competitive and squeezing the ever-fading profits out of a cash-strapped
market. Aside from the demands of colleagues, project managers are facing the
challenges of completing profitable projects. Winning a job in this economy
means taking out a sizeable portion of profits even before the actual work
begins. It is no wonder that project managers are worried about cost overruns on
these budget-breaking projects that are, unfortunately, becoming the norm. With
no dependable way to red flag overruns and properly monitor a project’s
completion percentage, companies are losing money in even the most practiced
types of construction ventures.
Construction Cost Trends for 2009
A major component of the industry, housing, continues seek its bottom and is
down 30% from last year. Public works projects no longer carry the day and are
down 15% since January. The stimulus package is now hitting the engineering and
design firms, but will probably not hit the streets until later this year.
There are very few bright segments that could possibly stem the tide, so look
for a difficult next six months. Overall, the construction industry is 10% off
of last year’s mark.
Trends Archive |
The DCD Commercial & Industrial Building Square Foot Cost Guide
Design Cost Data™ magazine includes a new Square Foot Cost
Guide in each issue. These square foot cost guides have been assembled from
projects in our database, the DCD Archives online at DCD.COM. These guides are
provided to the industry by DCD as a benchmark for future building costs.
DCD Cost Guides
|Case Studies Case Studies Archive|
• Sebastian County
Fort Smith, Arkansas
• Taney County Justice
• Westover Job Corps Center
File: Commercial• La
Mar Cebicheria Peruana Restaurant
San Francisco, California
File: Educational• Manoa
• Enadia Way Elementary
West Hills, California
• Douglas County Elementary
School No. 42
• The Landmark Professional
Clayton, North Carolina
• Rolling Hills Graduate
Student Housing, Nova Southeastern University
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