Cost

Renovation of Holmes Theatre lobby to cost $332,000

Bids on the project were opened Tuesday, Oct. 13, with the contract going to the low bidder, T.F. Powers Construction of Fargo, at an overall cost of $342,700. The bid package included a base bid of $331,900, plus one $10,800 alternate for additional brick work that may or may not be necessary once an interior wall covering is removed.

The renovations are slated to begin Monday, Oct. 19. The bulk of the project will be funded through a $290,000 CARES (Coronavirus Aid, Relief, and Economic Security) Act grant from Becker County, which was approved last month. The terms of the federally-funded grant require that the project be directly related to COVID-19 safety improvements, and that the funds must be used up no later than Dec. 1.

Though some renovation of the theater lobby was always going to be needed to accommodate construction of the new, adjacent county museum, recent changes to theater operations required under state-mandated pandemic safety regulations necessitated a considerable expansion to those plans.

“Social distancing requires people to be able to spread out more when entering and exiting the theater,” explained Holmes Theatre Executive Director Amy Stoller Stearns, noting that the theater’s current layout is a bit cramped for accommodating those requirements.

For this reason, the boards of the Becker County Historical Society (which operates the museum) and the Detroit Lakes Community & Cultural Center (the theater is part of the overall DLCCC complex) decided to apply for a $290,000 CARES grant from the county to assist with funding the project. The county board approved the application last month.

New plans were drawn up by the project’s main architects, YHR Partners, and the bid opening set for Tuesday afternoon at the museum’s current home on Summit Avenue (across the parking lot from the theater). Construction of the

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Replacing the Cabinetry in This Kitchen Only Cost $500

You’ll be surprised—and inspired!—by some of the cost-cutting ideas that went into the renovation of this kitchen in a mid-1800s Victorian home located in Kingston, New York. Principal designer Maryline Damour of design and build firm Damour Drake undertook the project from concept to completion with the goal of transforming the space utilizing a careful mix of high/low budget materials. The result offers so many examples of how to use a renovation budget wisely.

AFTER: Maryline achieved her vision of a “rustic, glam, Victorian” kitchen by integrating a mix of high/low materials. Opting to refurbish used cabinets purchased for $500 and construct inexpensive countertops left room in the budget for splurging on the wood-paneled wall treatment, and the eye catching light fixture.

In terms of design, “the goal was an updated Victorian style kitchen,” Maryline explains. She wanted the kitchen to reflect modern aesthetics while referencing the architectural details of the era in which the home was built. In other words, Victorian but make it current.

After gutting the kitchen and reworking the floor plan to be more functional, Maryline sourced used cabinets from Big Reuse, rather than buying all new pieces. Another major save was the quartz countertops dupe constructed with $150 worth of materials from Home Depot. “Everyone thinks they’re Caesarstone,” Maryline says. Instead, they’re made from plywood painted bright white and coated in a thick layer of self-leveling epoxy resin poured on top.

BEFORE: “It was a mess,” Maryline says, of the crowded kitchen layout before, “practically everything had been crammed onto one wall of the kitchen.”

AFTER: The box-pleated sink skirt “is one of my favorite things,” Maryline says. “I was trying to reimagine what people would expect to see in a Victorian kitchen, so I used a very feminine floral fabric but

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Dow outlines actions to deliver structural cost improvements and further enhance competitiveness

Today Dow will close the sale of its rail infrastructure assets at six North American sites; transaction to close three months earlier than planned and demonstrates best-owner mindset and continued evaluation of non-revenue-generating assets across its global portfolio

Dow Inc. (NYSE: DOW) today outlined the series of actions it will take to achieve previously announced structural cost improvement targets and further enhance its long-term competitiveness as the global economy recovers from the coronavirus pandemic.

As announced during the Company’s second quarter earnings on July 23, 2020, Dow is implementing a restructuring program to reduce its global workforce costs by approximately six percent and to rationalize certain manufacturing assets. These actions are expected to result in total annualized EBITDA savings of more than $300 million by the end of 2021.

Manufacturing asset impacts include:

  • Industrial Intermediates & Infrastructure will rationalize its asset footprint by shutting down certain amines and solvents facilities in the United States and Europe as well as select small-scale downstream polyurethanes manufacturing facilities.

  • Performance Materials & Coatings will shut down manufacturing assets, primarily small-scale coatings reactors, and will also rationalize its upstream asset footprint in Europe and in the United States and Canada by adjusting the supply of siloxane and silicon metal to balance to regional needs.

“Given the expected gradual and uneven global economic recovery from COVID-19, we announced in July that we are taking necessary actions to continue to optimize our asset footprint, reduce structural costs and enhance the competitiveness of our business over the long-term,” said Jim Fitterling, Dow chairman and CEO. “We continue to stay focused on delivering strong cashflow, strengthening our financial profile and maximizing our operational advantages, and we remain well positioned to capture significant growth as market conditions improve.”

The Company will record a charge in the third quarter

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Expect your home remodeling to ‘cost 50% more and take 50% longer,’ says finance expert

So you’re thinking about doing a major home renovation. You’ve been stuck indoors since the pandemic — and you plan to be for a while longer. So why not put some money into making it look nicer?

If you’ve never remodeled your home before, getting through the process can be a complete nightmare. I’ve been through four projects, and none of them were pleasant. But, after the first two, I finally wisened up to the game that some general contractors play to extract as much money from homeowners as possible.

Here’s what I learned from all my painful, exhausting and costly experiences:

1. It will cost more than expected.

Competition is fierce, so a contractor might initially offer an attractive price just to beat out all the other bids. Their goal is to get you to sign the contract. Once you’re locked in, they can upsell you with add-ons.

If you’re already $100,000 deep and three months into bathroom and kitchen work, you probably won’t balk at a $3,000 recessed lighting project. And since the walls are now open, what’s another $2,000 for an electric car charger?

To protect your mental health, expect everything to cost 50% more and take 50% longer.

Also, as your contractor gets further into the project, he or she might point out “unforeseen” problems that require more work. The additional fees may be legit, but some unscrupulous contractors will often find excuses to jack up the price.

Don’t rush into anything. Do your research, get multiple bids, and be willing to walk away. Be as detailed as possible when drawing up the contract regarding costs, time, materials and work.

2. It will take longer than expected.

Two classic lines you may hear from your contractor if they’re lagging on time: “This project is costing me

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Cost Effective Home Renovation Planning

Renovating your home is definitely a wise choice. But what if you don’t find out whether it is a feasible option to have one in your property? Home renovation, when done through expert assistance, can yield many benefits. Regardless of the type of property you own, it is advisable to perform careful planning to cut down your home extension or restoration expenditure. Let us discuss about some of the most appropriate tips to effectively reduce the labour cost and other associated expenses of a home refurbishment or a home improvement project.

The most important step is to verify the interior and exterior requirements of your home renovation work. There are several ways to enhance the interior of your home such as installing brand new tiling or flooring, painting the walls and ceilings with suitable colour combinations, fixing new windows and doors, and adopting impressive interior design ideas. While, you can make appealing exterior makeovers by replacing outdated outdoor fixtures, well-planned landscaping, garden maintenance or by adding a new porch. A budget friendly interior and exterior transformation can thus create a welcoming ambiance and increase the overall market value of your property.

Once you have decided the exact need of a house renovation, you need to be certain to search and find a trusted renovation specialist or builder to entrust the job. Try to seek referrals from your friends and family to choose the right team. It is important to hire a certified company that performs constructions according to building control regulations. Talk to them in person and discuss the potential of a home renovation work in your house. Make sure to verify the duration of the procedure and budget requirements before confirming your decision. If you do not possess sufficient funds to carry out the job, then try to arrange …

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