ExPlan Suite Blog
Plan Your Restorations in Advance
Published on Friday, 8 November 2013 11:35:21
Written by Marc
When moving out of a site, it is good to have a restoration checklist of what to do before you can exit the site. While this might sound obvious, simply of a lease with restoration clauses, you will have the legal obligation to restore the lease site at the end of your lease. However, many companies fail to plan these restorations ahead and wait for the last minute to start the planning of the restorations, only to find out that the restoration work will take longer than planned. They also might find themselves having to pay an extra month or two of rent on an empty site, simply because the restoration work extends beyond the lease. Having a restoration plan, with a checklist of things to do, and who to contact well in advance will help. Yes, most of the time, it becomes project management but it does not always have to be so complicated.
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Capital Expenditure Viability Analysis for Small Businesses
Published on Monday, 4 November 2013 09:13:23
Written by Marc
Most large businesses have processes in place to do a uniform cost and benefit analysis of proposed capital expenditures. This is often performed at the level of the initiating entity and then again at the approval level. Small businesses; however, often lack procedures and processes to deal with what they would consider major capital expenditures. Let us look at some of the factors that small businesses should take into consideration when determining the viability of a capital expenditure project.
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The Fine Line Between Normal and Capital Expenses
Published on Thursday, 31 October 2013 10:08:24
Written by Marc
Ever had a situation where you were scratching your head wondering if the expense you were making was a normal expense or a capital expense? You are not alone. This is something that happens more often than you might think. Why is that? If each expense has its own set of rules and definition, there should never be a situation, in theory, where you would find yourself wondering if you need to capitalize and amortize something or if you can expense it right away. Unfortunately, it is not always so easy. In the past 20 some years, I must have had this conversation dozens of times with colleagues of mine.
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Conducting Risk and Reward Analysis For Subleases
Published on Monday, 28 October 2013 10:08:26
Written by Marc
If your company or organization has a number of sites that you lease, you probably came at one point to a decision that you needed to sublease some space. Most companies that lease real estate space, whether it is for office, warehousing, or manufacturing purposes, come to this conclusion at some point, “A site or space needs to be sublet.”
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Know Your Real Estate Lease in Detail
Published on Friday, 25 October 2013 07:10:14
Written by Marc
Unless your company or organization is specialised in real estate or is a large company that has a real estate department and a legal team close by or even in-house, most companies that do manage real estate rely on a mix of internal and external people. In many cases, the people that take care of real estate also have other hats on and try to balance their time between managing the company’s real estate needs and other work they have. If you are in this situation, you are not alone.
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