Posted by Fordy20 on December 26, 2020 at 08:48:23 from (107.77.212.48):
In Reply to: Shop Rates posted by K-Mo on December 26, 2020 at 07:28:01:
I'm sure there are similarities between shop rate and construction. I started my commercial Industrial construction company in 1979. Then it would cost maybe $5,000 for architect / engineer drawings (maybe 5 sheets of drawings), permits would have been around $10,000 and take up to three weeks to obtain. The last building I did before selling the business cost $150,000 for engineering (20+ sheets of drawings), $260,000 for permits that took nearly 6 months to obtain. In around 1989 a requirement was added that you had to take classes to maintain your contractors license. Liability insurance rose greatly over inflation and just reporting requirements added substantially to our cost. Special inspections were added as a requirement in addition to governing jurisdiction inspections. Workers compensation costs also increased way faster than inflation. There's a lot more to it than just inflation!
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