Benchmarking numbers for tenant improvement costs are hard to come by.
Between accounting for the particularities of your buildings, the variation in occupant preferences and the new trend for flexible, personalized tenant spaces, coming up with one number, or even a range of numbers, is tough.
To make it more manageable, we consulted top general contractors at Structure Tone, NDNY Architecture, Tishman Interiors and Tishman Construction for their insights on controlling the cost of tenant improvement projects.
Best practices on laying the groundwork for an apples-to-apples comparison of trade costs
Steps to keep markups down
Insider tips on insurance, subcontractor bonding and contingency
Recommendations on how to design bid forms that will put you in a better position to negotiate with vendors