Why don't some businesses consider the total project cost when it can add a significant amount to the initial purchase price? Also, have you noticed if companies today are more likely to move to an existing facility and renovate or build a new facility? Why do you think one is happening more than the other?
There appears to be a greater amount of companies looking to renovate facilities nowadays. But, when companies do acquire new facilities and land, total project costs are often under-estimated. More
- Bob McCain, PE, Principal, Division Manager of Industrial Facilities, SSOE Group