Challenges in Concrete Restoration Projects
If you’ve managed or occupied a Florida Condominium Association for any length of time, you’re likely familiar with the challenges of concrete restoration projects. These undertakings often exceed budgets and schedules, causing stress for homeowners and boards alike. The root of these issues frequently lies in inadequate preparation and planning during the crucial pre-construction phase.
Critical Steps for Success
Case Study
Miami Beach High-Rise Saves >$1.0M
Consider an iconic Miami Beach high-rise that embarked on a concrete restoration project with a budget based on optimistic estimates. The engineer’s quantities were significantly lower than typical for similar buildings. As a result, contractor bids were high, and the project quickly consumed its budget after only a fraction of the work was completed. SOCOTEC was brought in to correct the scope, re-evaluate the budget, and negotiate new unit costs. By reassessing and adjusting the project, SOCOTEC saved the Association over $1.1 million, though additional assessments were still necessary. This example underscores the importance of accurate planning and realistic budgeting.
Consider an iconic Miami Beach high-rise that embarked on a concrete restoration project with a budget based on optimistic estimates. The engineer’s quantities were significantly lower than typical for similar buildings. As a result, contractor bids were high, and the project quickly consumed its budget after only a fraction of the work was completed. SOCOTEC was brought in to correct the scope, re-evaluate the budget, and negotiate new unit costs. By reassessing and adjusting the project, SOCOTEC saved the Association over $1.1 million, though additional assessments were still necessary. This example underscores the importance of accurate planning and realistic budgeting.
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