​Government/Design Build

Your needs are very specific when it comes to vertical transportation. We know that you need on time delivery, true savings in time and assurance of quality. Regardless of the type of building those three factors never change and we provide you a solution. 

The financial implications of time savings cannot be overstated, especially in the construction world, where every day carries additional expenses. By using the Resolute Elevator System, design build professionals and contractors working on government projects can significantly mitigate these costs, leading to a more favorable overall project budget.

Key Points using a $20 million project as the example:

• Reduction in Contractor General Conditions Costs: General conditions encompass the indirect costs associated with a construction project, including expenses for temporary structures, site supervision, utilities, and construction site management. A good rule of thumb is that the average cost of general conditions are approximately $60,000 to $80,000 per month. If a conventional elevator installation leads to a delay of 1 month (it is usually more), it could result in additional costs of $60,000 to $80,000. In contrast, the rapid installation of the Resolute Elevator System can significantly reduce project timelines, leading to much lower general conditions expenses.
• Lower Project Insurance Costs: Projects often require builders’ risk insurance and liability coverage, which are calculated based on project duration and potential risk exposure during construction. An extended timeline leads to higher premiums. If your builders’ risk insurance is average, it is approximately $16,667 per month, a 1-month delay could incur an additional $16,667 in insurance costs. The Resolute Elevator System compress the overall project timeline reducing these expenses. 
• Decreased Interest Carry on Financing: With construction loans, the cost of interest accrues for the duration of the project. Suppose a developer has an interest rate of 5%. For every month the project is delayed, the interest costs alone amount to approximately $83,333. Therefore, a 1-month delay due to traditional elevator installations results in an additional $83,333 in interest payments. We can prevent that cost. 
• Accelerated Revenue Generation: As an example a multifamily residential project with 100 rental units valued at about $1,800 each per month, a 1-month delay could result in lost revenue of approximately $180,000. The Resolute Elevator System allows developers to generate income much sooner.
• Reduction of Call Backs and Change Orders: Because the Resolute Elevator System ships with a finished hoistway with factory installed entrances and doors, mud and tape crews, flooring subs and even painters do not have to return tot he job multiple time. Also, as the unit arrives completely factory installed there are no surprises and change orders.
• Factory Quality: Every unit is built with the highest standards of quality control and they are tested in the factory before they ship. This means they arrive, are set and they are started up once power is supplied. The entire elevator system is ready and operating in days, not months.   

Ultimately, the time savings offered by the Modular Elevator System and high quality can improve the overall financial viability of a project and on time turn overs. This stability strengthens financial planning and cash flow management, positively impacting both day-to-day operations and long-term strategic goals.

For both design build and government projects, we are your best option.

We are your solution