Share to:

The Most Affordable Methods

The size, type of building, location, and cost of materials and labor impact the cost of building a school, but school districts have little or limited influence over many of these factors. To save money, responsible school districts are ensuring efficient and affordable construction through modular construction, value engineering, repurposing existing buildings, and design-build approach

Modular Construction

This modular construction method involves fabricating building components off-site and then assembling them on-site. 

Pros

  • Reduced construction time by fabricating components off-site
  • Reduce costs of on-site material storage and weather delays
  • Higher quality and consistency by fabricating in a controlled environment
  • Reduce overall waste

Cons

  • Limited design options
  • Potential zoning restrictions
  • Difficulty transporting the assembled components to the construction site 
  • Higher initial investment (long term savings)

Value Engineering

Value engineering involves a team of experts and stakeholders evaluating a project’s design, materials, and construction methods to identify opportunities for improvement and cost savings while maintaining or improving the desired quality and functionality of the project.

Pros

  • Reduced cost while maintaining desired quality and functionality
  • Lead to improvements in design, materials, and construction methods
  • Increased efficiency and reduced construction time
  • Better understanding of project needs

Cons

  • Time consuming process that can delay the construction start
  • Cost of conducting the value engineering analysis can be significant on large projects
  • Risk of compromise can result in less than desired quality and functionality

Repurposing Existing Buildings

Instead of building a new school from scratch, a district may choose to repurpose an existing building, such as a former office building or factory.

Pros

  • Saving on costs of land acquisition and new construction
  • Environmentally friendly by reducing waste and conserve resources
  • Historical preservation
  • Quicker completion time by not doing site preparation and new construction

Cons

  • Limited design options and flexibility for future changes
  • Significant upfront costs to update and retrofit the building
  • Unknown conditions and conditions lead to unplanned costs and delays

Design-Build Approach

A design-build approach involves hiring a single contractor to handle both the design and construction of the school.

Pros

  • Streamlined process by combining the design and construction into a single process
  • Single point of responsibility by hiring the same firm for the whole process
  • Improved collaboration between the design and construction teams
  • Cost savings through process optimization and waste reduction

Cons

  • Limited design options
  • Reduced control by the same firm being responsible for the entire process
  • Reduced competition
  • Higher risk to the project if the contractor cannot perform as expected

Ultimately, the most affordable method for building a school will depend on the specific needs and circumstances of the district, and it is important to consider a range of options and factors when making a decision.

At Front Line Advisory Group, we provide program management consulting services for capital improvement bonds. We are revolutionizing the construction industry and transforming client expectations by obsessing over the basics of budget oversight, schedule enforcement, compliance, vendor management, and stakeholder communication. Contact us for more info at info@frontlineadvisorygroup.com.

FLAG provides program management consulting services in Central Texas for municipal and school capital improvement bonds. FLAG is revolutionizing the construction industry and transforming client expectations by obsessing over the basics of budget oversight, schedule enforcement, compliance, vendor management, and stakeholder communication.

Join our weekly newsletter and receive a free copy of our new book!

JOIN NEWSLETTER

Bonds Capital Improvement Plan Capital Improvement Programs CIP Planning Schedule Technology

The Importance of Completing Projects on Time and Budget in a Rising Interest Rate Environment

Navigating the Challenges of Completing Projects on Time and Budget in a Rising Interest Rate Environment Completing projects on time...
Read More
Capital Improvement Plan Capital Improvement Programs CIP Planning Technology

2024 Update: Impact of Travis County’s Public Improvement District Policy

Travis County's Public Improvement District Policy Update The 2024 update on Travis County's Public Improvement District Policy has brought about...
Read More
Capital Improvement Plan Capital Improvement Programs CIP Planning Process Improvement Technology

Revolutionizing Capital Improvement: The Impact of Artificial Intelligence

The Role of Artificial Intelligence in Transforming Capital Improvement Bond Programs Artificial intelligence (AI) is revolutionizing capital improvement bond programs...
Read More
Capital Improvement Plan Capital Improvement Programs CIP Planning

Get It Right from the Start or Pay the Price: The Urgent Need for Reform in Capital Improvement Bond Programs

The Importance of Starting Correctly on Capital Improvement Bond Programs Starting correctly on capital improvement bond programs is crucial for...
Read More
Capital Improvement Plan Capital Improvement Programs CIP Planning Process Improvement

Book Review: How Big Things Get Done: The Surprising Factors That Determine the Fate of Every Project

How Big Things Get Done: Unveiling the Secrets of Successful Megaprojects “a whopping 91.5% of projects overshoot budgets or timelines,...
Read More
Capital Improvement Plan Capital Improvement Programs CIP Planning Process Improvement

Read or Risk Ruin: 10 Must-Have Books on Capital Improvement Bonds for Taxpayers and Decision-Makers

Essential Reading for Capital Improvement Bond Program Managers Leading a capital improvement bond program intertwines expertise from public finance to...
Read More
Capital Improvement Plan Capital Improvement Programs CIP Local Planning

Time for a Change in Mindset: Why the Construction Industry Must Mature

In an era where innovation and efficiency are the benchmarks of success, it's baffling that the construction industry still operates...
Read More
Capital Improvement Plan Capital Improvement Programs CIP Local Planning

Avoid These 7 Deadly Sins of Capital Improvement Program Management

Introduction Program managers, project managers, and construction professionals play a crucial role in capital improvement program management. To ensure successful...
Read More
Capital Improvement Plan Capital Improvement Programs CIP Local Planning

Revolutionize Your Capital Project: Control Duration and Costs with Optimization

Navigating the intricate pathways of capital projects is a monumental task, often marked by a relentless race against time. These...
Read More
1 2 3 15