Project Guidebook: Issue 2

GARDNER BUILDERS

Project Guidebook M I N N E A P O L I S & S T. PA U L M E T R O

HOW TO PLAN

Your Budget

ISSUE 2 | JUNE 2023

New Updates

+ GARDNER SERVICE

LEAD TIMES

what’s inside I N T R O D U C T I O N P. 3 M A R K E T P L AC E T I P S + T R E N D S P. 4 H O W TO P L A N YO U R B U D G E T P. 6 I N D U S T R I A L P. 8 L E A D T I M E S + T E N A N T I M P R OV E M E N T P. 1 0 H E A LT H C A R E P. 1 2 G R O U N D U P M E D I C A L O F F I C E B U I L D I N G S P. 1 3 D R E S S F O R S U C C E S S + S E R V I C E P. 1 4

H

ello, and welcome to the second edition of Gardner Builder’s Project Guidebook. We wanted to share the collective knowledge from our team periodically, helping you plan and visualize the inspiring spaces

that support business dreams. We hope you find this guide useful and utilize it establish a clearer starting point for your next build. Nothing replaces human connection though, so we invite you to build upon this information and speak with us as your plans develop. We are here to shepherd you through this journey!

Inside these pages, you will learn about the latest trends in the different market sectors that we serve, long lead times, and how to plan a balanced construction budget, along with a few other tips and tricks. Please enjoy.

Barry Stoffel

ISSUE 2 | JUNE 2023

Trends in the Marketplace PLAN FOR PERMITTING: Permits are heading back toward pre-Covid turnaround times.

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State plumbing inspections are 10-12 weeks out (when not inspected by the city).

The City of Minneapolis is now requesting to see the signed construction contract prior to issuing a permit.

A look at our industry’s labor trends: the construction industry is facing labor shortages, resulting in potential delays in project completion.

18 to 24 year olds are underrepresented in the construction industry

of the current construction workforce will retire by 2031

9% relative to their share among the employed overall 11.6%

US Bureau of Labor Statistics, 2020

US construction workforce labor shortage expected to exceed

540,000 in 2023 Associated Builders and Contractors

Median age of construction workers is

42

Ask us what Gardner is doing to engage in this opportunity to grow the workforce through Project Seedling.

How to plan your interior remodel or T.I. budget If a client has a $3MM budget, what does that mean, exactly?

FOUR KEY PLAYERS 1. Real Estate Broker 2. General Contractor 3. Owners Rep 4. Architect

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Each of these roles play a critical part in ensuring a positive project experience is had, and each is motivated by their own standards of success.

Too often, we think of this relationship in a sequential fashion, passing incomplete information back and forth, but projects are more successful when the goals of these key players are aligned from the beginning.

It’s important to remember budget extends beyond the general contractor.

For a project to succeed, all stakeholders must succeed together. That means we need to look at the project budget as a whole, with each segment supporting the other.

In this current market, we believe it is critical that you select your team early and enroll all stakeholders around the same time. This integrated method will allow the team to accurately allocate dollars where needed As one team, we are all invested in scoring and ensure all components come together 100% when we present the final product. If the smoothly. Together, they can decide where to general contractor (who is responsible for 55% save money and how to preserve the design of the owner’s budget) does a phenomenal job, intent without impacting the budget. Although and the other cumulative team members do each vendor will likely be contracted with the not, everyone is disappointed and frustrated. client directly, the project team should make The final project ‘score’ would be far less than every effort to support one another.

55%, because performance affects everyone.

55%

30%

Owner-contracted FF&E ARCHITECTURE/ ENGINEERING

GENERAL CONTRACTOR

AV/LOW VOLTAGE

5% 5% 5%

MISC

Industrial

CPC

INVERPOINT

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100,000 SF

Standard Precast Dark Shell

$65-$70 / SF

PAD READY, PAINTED EXTERIOR, 28’ CLEAR

Upgraded Precast Dark Shell

$70-$75 / SF

INLAID BRICK, STORM CHAMBERS, SITEWORK HEAVY, 28’ CLEAR

200,000 SF

Standard Precast Dark Shell

$60-$65 / SF

PAD READY, PAINTED EXTERIOR, 28’ CLEAR

Upgraded Precast Dark Shell

$65-$70 / SF

INLAID BRICK, STORM CHAMBERS, SITEWORK HEAVY, 28’ CLEAR

INDUSTRIAL

Tenant Improvement UPDATE ON LEAD TIMES Some items have improved significantly, but the market still hasn’t returned to pre-pandemic timelines and may never.

Based on what we’ve observed recently, here are some approximate lead times to use for planning your next project:

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3 Months & Under

3+ Months Out

Wood stained door . . . . . . . . . 14-16 weeks

Precast wall panels . . . . . . . 4-5 months

Hollow metal frames . . . . . . . . 3-4 weeks

Rooftop air handlers . . . . . 20-38 week

Aluminum frames . . . . . . . . . . 4-6 weeks

Electrical switchgear . . . . 40-70 weeks

Hollow metal doors . . . . . . . . . 3-4 weeks

Standard electric panel . . 20 weeks

Door hardware . . . . . . . . . . . . . 4-6 weeks

VFD’s . . . . . . . . . . . . . . . . . . . 10-11 months

Operable Partitions . . . . . . . . 16-20 weeks

Generators . . . . . . . . . . . . . . 6-40+ weeks

Electrified door hardware . . 4-6 weeks

Dock Levelers . . . . . . . . . . . 26-28 weeks

Carpet . . . . . . . . . . . . . . . . . . . . . 6-8 weeks

RTU’s . . . . . . . . . . . . . . . . . . . . 16-36 weeks

Good

Better

Best

$55-$65 OFFICE PSF *CONSTRUCTION COSTS ONLY

$65-$100 OFFICE PSF *CONSTRUCTION COSTS ONLY

$100-$150+ OFFICE PSF *CONSTRUCTION COSTS ONLY

T E N A N T I M P R OV E M E N T

Healthcare interiors D E N TA L | $195-$280 / SF

I - O C C U PA N C Y | $210-$350 / SF

P R I M A R Y C A R E | $90-$125 / SF

W O M E N ’ S H E A LT H | $125-$200 / SF

B E H AV I O R A L H E A LT H - C L I N I C A L | $90-$175 / SF

P H Y S I C A L T H E R A P Y | $95-$200 / SF

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Ground-Up Medical Office Buildings $175 / SF

$200 / SF

LOW END: Less detailed facade, simplified landscape scope,

HIGH END: Premium exterior finishes, extensive civil sitework

Typical MOB Core & Shell: ~60,000 SF, 2-Story

H E A LT H C A R E

GARDNER SERVICE

SHOWCASE

Gardner Service takes on our most unique challenge yet Working together with Studio BV, Dress for Success’ first location on wheels, The Success Express, becomes a reality.

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The Twin Cities based non-profit organization Dress for Success was one of the many companies in the metro that were forced to shut down all of their locations during the pandemic. Since 1997, Dress for Success has provided women with resources to be successful in their career in order to develop economic independence. Dress for Success was determined to continue serving their community and finding unique ways to meet women where they were during this time, so they sought out our Gardner team to transform an RV into the Success Express.

This RV renovation might top the list of being one of the most outside of the box, unique projects Gardner has ever done. Betsy Vohs and her team at Studio BV designed the interior of the RV, but with only 300 square feet of usable space, it was an all-hands-on deck to put every inch to good use and bring the concepts to life.

The process to get to the final product was challenging;

I made a lot of friends throughout this project and created long-lasting relationships where people can rely on me and I can rely on them.”

– DOUG­ CONDON | SERVICE LEAD

The original furnishings in the RV were much lighter and of lesser quality than the products that replaced them, so there was a lot of trial and error to find which products would work in the space. This required the team to keep an open mind and find solutions that were only possible through a positive, innovative approach and collaboration with the trades.

From August until late November, our Service team completely revamped this RV, turning it into the perfect place where women can train, plan and dream of their future.

CURRENT SERVICE RATES SERVICE CARPENTER

$135

OVERTIME

$188

DOUBLETIME

$240

SERVICE TRIP CHARGE

$225

Contact Us I N FO@ GAR DN ER -BUILDERS. COM GA R DN ER -BUILDERS. COM

+ 612 326 6377 730 SECOND AVENUE SOUTH, SUIT E 1233 MINNEAPOLIS, MN 55402