Hybrid Parking Garages Blog Posts

Summer 2015 Construction Economics - Gilbane - Cost of Parking

Posted by William Wieners on Thu, Sep 10, 2015 @ 17:09 PM

Hybrid Parking Design and ConstructionHybrid Parking Design and Construction 

Gilbane 2015 Construction Economics

 Gilbane has published their latest look forward for 2015 Construction Economics

LINK FOR DOWNLOADABLE PDF BELOW:

http://info.gilbaneco.com/gilbane-summer-2015-construction-economics-report

Whether you are interested in the trends effecting the cost of parking or the overall trends effecting the construction industry as a whole, we recommend you taking a few minutes to read what other industry observers are saying about the future of construction.

We believe in the mutual benefit we all achieve from sharing informative publications with our readers (that can be obtained from reputable sources) to help all of us interested in the construction industry be best prepared to service our clients and markets in 2015 and beyond!

Wells Fargo Economic Indicators

McGraw Hill Construction Data & Analytics  

 

US PARKING COST ESTIMATES:

Transportation Cost and Benefit Analysis II – Parking Costs (Victoria Transport Policy Institute)

US PARKING COST ESTIMATES:

PARKING COSTS, PRICING AND REVENUE CALCULATOR - Jan 2012 (by Todd Litman - Director @ the Victoria Transport Policy Institute, Victoria, BC Canadahttp://www.vtpi.org 

Cost of Parking  

How much does parking cost and what should you consider?

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PARKING GARAGE DESIGN GUIDE:

Whole Building Design Guide – Parking Garages (National Institute of Building Sciences)

http://www.wbdg.org/design/parking.php

 

Parkhaus   Car Park web resized 600

 

THE COST OF URBAN PARKING:

http://www.rideboldly.org/2011/01/21/the-cost-of-urban-parking/

 

True Cost of Parking

 

THE HIDDEN COSTS OF PARKING:

http://www.cat-bus.com/2010/08/hidden-costs-of-parking/


Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, Gilbane Edge, parking garage design, design build, parking garage design build, steel and precast, Parking Construction, Affordable Parking, Temporary & Movable Parking, Urban Parking Concepts, ReloPark, robotic parking, automated parking

Parking Design Cartoons and the Cost of Parking

Posted by William Wieners on Mon, Jun 4, 2012 @ 21:06 PM

 Affordable Efficient Hybrid Parking Garages

Hybrid Parking Garages

What is the cost of your parking design when you are pricing from a cartoon?

In today's unstable market owners are seeking to take advantage of apparent bargains in the construction industry.  However the risk to all parties by buying "low bid" fragmented services from disparate firms continues to escalate as the industry contracts and financial instability grows.

Getting a low price for services or thinking that going design/bid/build is going to save money or is of greater value today than five years ago is probably not the best approach to create the best value for a project.

What has happened to the VALUE that traditionally resulted from CRITICAL THINKING?

What we see happening today in parking design translates into... You have a project... and you bid for a designer... they create a cartoon from which hungry construction firms invent prices for little or no fee.  Now you have an owner and designer who have unknown liabilities presenting a scheme which may not ULTIMATELY work for the proforma and/or patrons.  

You are now OFFICIALLY LOST IN THE LAND OF THE PARKING DESIGN CARTOON AND CRAYON SPREAD SHEET!... Add in "GROUP THINK" and "EGO" and it is a very bad day at the bank!

Group think in Parking Design

As the magnitude of costs start to sink in.. what do you do now that you realize that your proforma will not work because the cost of your parking is beyond your budget or worse beyond your ability to finance?  

You didn't know what you were getting into because there was no way to reasonably value the concept from the beginning.

Overcome Groupthink

For Example... we recently had the opportunity to help someone who was faced with the disconnect of a "PARKING DESIGN CARTOON" that went as follows:  

1) They had hired a design firm.

2) The design firm provided a concept based on what they had done in a "TIER ONE" market.

3) The team embraced the concept given to them "for fee" by a reputable firm but for a "TIER TWO" market.

4) The team then priced the concept and came to find that the parking was considerably more than what the proforma would bear.

5) In addition to the price being beyond the budget the concept was not user friendly for patrons with ramping and distances having to be traveled beyond practicality.

6) There also appeared to be 30% more parking spaces planned than were needed.

7) The overall site utilization was inefficient and huge opportunities for land banking were lost because of the way the concept integrated the parking into the entire development.

The challenge that was presented to us to solve was....

"HOW CAN YOU HELP ME GET THIS TO WORK?"  They had already tried to make the "CARTOON MORE EFFICIENT" but the total savings from all this effort resulted in only a few percentage points of cost savings and not nearly enough to solve the problem.  If they can't solve the parking... it will "KILL THE DEAL".

Our response... Toss the "PARKING DESIGN CARTOON & START OVER WITH THE CRITICAL THINKING PIECE FIRST"... 

"What?"  "Why?" we have a good team in place and this should work... our response was that it would work but it isn't affordable, efficient or user friendly... and then within the next HOUR TOGETHER... we helped show them what to consider to significantly lower the cost of their parking.  In addition to our parking design recommendations the changes we recommended would also result in considerable savings in OPERATIONS, MAINTENANCE and in the reconfiguration of the cash generating piece of the development.

We showed them that to get to the numbers they wanted they would have to scrap the "PARKING DESIGN CARTOON" not the team.  Implement changes and the result would be an overall savings in the whole program.  It should be ORDERS OF MAGNITUDE less costly, more efficient, more user friendly and most importantly meet your proforma.

This is a difficult situation for all involved, even us, to sit there and tell an experienced group that their "TEAM" has missed the mark.  The firms and people involved just didn't know... "OFF HAND" that the CARTOON wouldn't work... They didn't consider all aspects of what they were programming and were predisposed to "WHAT THEY HAD DONE BEFORE".

Don't forget critical thinking for parking design

Before you start with your next project and "PARKING DESIGN" ask yourself about the "COST OF FRAGMENTATION" and whether or not you want the fragmented approach or a more seamless approach to reach your overall goal of best value.

You have to ask yourself... How can I benefit from the right people at the table from the beginning... to get everything I need to take that first step in parking design and control my costs of construction and development.  

 

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There is much that traditionally goes into to the selection process of owner's when choosing the team for their next project.  When you are considering how to deliver and who to hire, please don't forget to add in the intangibles when planning your approach to your parking program and don't forget to consider the VALUE of CRITICAL THINKING.

 

"Service is the only thing that people buy that they never know the value of until after they have bought it"

 Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, Construction Economics, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital development cost, robotic valet, Parking Construction, Affordable Parking, Temporary & Movable Parking, Urban Parking Concepts, ReloPark, robotic parking, automated parking

The Cost of Tomorrow's Parking... Have you considered this?

Posted by William Wieners on Sun, Feb 5, 2012 @ 22:02 PM

Affordable Efficient Hybrid Parking Garages

Hybrid Parking Garages

 

Parking is simply the creation of new Land.
Parking in most cases is "lost revenue" and a non-income generating cost of development.
Parking - Is an amenity.
Parking - Should be efficient - low cost.
Parking - Should be user friendly.
Parking - Value is subjective.
Parking cost is a function of cost of land, infrastructure, efficientcy and construction.
 
Parking Cost Hurdles
COST HURDLES: ORDERS OF MAGNITUDE
 
On Grade Parking @ $4,000-$8,000/space.
Stand Alone Structured Parking Garage @ $12,000-$24,000/space.
Automated Parking Garage @ $40,000-$70,000/space.
Underground Parking Garage @ $40,000-$100,000/space.
Automated Parking Equipment (Installed Equipment Only) @ $25,000-$60,000/space.
Shuttle Bus Parking Services (Not including Land Lease) @ $250.00-$350.00/space per month.
Temporary & Movable Leased Parking Facilities @ $350.00-$500.00/space per month (includes on grade parking spaces)
 
** The above are an approximation of Magnitude of Costs
*** All Parking Garages are built using a "HYBRID" of materials including steel and concrete.  Steel with concrete decks, cast in place concrete with steel reinforcing cast in the field or prestressed concrete with steel cast in at a casting yard.
Parking garages are most often delivered using one of the following construction methods:
Design/Bid/Build - Hire consultants to develop plans and then select a low bid from a construction company based on a lump sum and delivery date.
Design/Build - Hire a design builder to deliver your parking garage including design, construction and delivery duration.
Construction Management - Hire consultants to develop plans to a certain percentage then bid to construction managers and award to the construction manager with the lowest fee and general conditions.  The construction manager bids the work to subcontractors and then selects, typically with knowledge and input of the owner.
 
Mark Twain once advised, “Buy land, they’re not making it anymore.” No doubt he was aware of the sky-rocketing cost of land in the rapidly urbanizing world of the Industrial Revolution.
 
 
In the beginningToday
 
 
 
 
 
 
The Wrong way to Park:
 
How not to Park
 
The Right way to Park:
 
Determine what you want... and what you believe provides you the greatest value.
 
Apply critical thinking through collaboration to insure that you get the most affordable, efficient, patron friendly, sustainable, low maintenance and durable parking solution available for your unique parking challenge.
 
Don't get hemmed in by group think or by outsourcing your critical thinking to others.  Which ever way you go, in the end, it is always your risk. 
 
Consider this... We don't buy cars, or anything else for that matter, by hiring someone to tell us what to buy.  We don't get one expert for the engine, the body type, the tires, or the interior... we do our research and ultimately decide what we want and can afford. 
 
Whenever we purchase something, the logic always starts out with what do I think I need? what do I think I want to satisfy my need? how much am I willing to spend to get what I want? what can I afford to spend? and in the end what does the thing I am buying mean to me after I have paid for it?
 
For most of us... this is how we live our lives... how we create the critical path to value what we purchase.
 
Parking, should be, is no different.
 
In the end, parking ultimately comes down to the availability of "LAND" that governs the largest magnitude of cost to your development.  The rest is important but not the driver... don't get lost in group think.
 
Establish the Critical Thinking piece first... then direct your resources to achieve your parking goal accordingly.
 
 
Famous Quotes:

"Price is what you pay. Value is what you get" - Warren Buffet (1930- )

"In God we trust. all others bring data" - Dr. W. Edwards Deming (1901-1993)

 
 

Topics: parking garages, hybrid parking garages, parking, garages, cost of parking, parking garage construction, parking garage feasibility, cost to build parking, parking design, Parking for adaptive reuse, parking garage design, design build, parking garage design build, steel and precast, steel garage, hospital parking, hospital garages, hospital development cost, robotic valet, Parking Construction, Affordable Parking, Temporary & Movable Parking, Urban Parking Concepts, ReloPark, robotic parking, automated parking