January 2014

Better Budgeting For Projects

Published on Friday, 31 January 2014 10:44:56    Written by Marc
Better Budgeting For Projects
Anyone that does a project, be it a renovation, construction, or other type of project, often comes out of the project thinking that it could have been done better with a little more planning.  In fact, over the past twenty some years, I do not really recall any project that I did myself where I did not think about this at the end of the project.  It is common for people to tell themselves that they could have done better.

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Cultivate Your Energy Savings

Published on Friday, 24 January 2014 09:39:55    Written by Marc
Cultivate Your Energy Savings
I have an apple tree in front of the house. Most people would probably have planted it in the back, but I was thinking that in the spring when they bloom, it would have been a shame to hide it in the back. In addition, if I was going to eat apples in the fall, what better way to grab an apple on the way to the office in the morning than if the tree is in the front, next to the car. Pick an apple in the tree, put in your bag or pocket and on we go.

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What to do When You Are Stuck with an Unleaseable Building

Published on Monday, 20 January 2014 11:34:56    Written by Marc
What to do When You Are Stuck with an Unleaseable Building
If you have been doing lease management long enough, you have probably come to this situation more than once: You are asked to sublease a building or space, which your company no longer needs, and try to sublease it for months until you come to think that you have a dead horse on your hands. However, is it really the case or are you simply positioning your site on the market the wrong way?

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Negotiating Your Leases

Published on Tuesday, 14 January 2014 09:27:07    Written by Marc
Negotiating Your Leases
Over the past years, I have been in contact with literally thousands of real estate brokers. In my past life, I was managing numerous leases across North America, so it was common to receive phone calls from brokers each day, pitching their ideas on how they could help us in our next leasing deals.

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Capital Expenditures and the Multiple Reasons for Their justification

Published on Friday, 10 January 2014 11:35:02    Written by Marc
Capital Expenditures and the Multiple Reasons for Their justification
People that oversee and approve capital expenditures (in companies) normally get to review the business cases that come with the capital expenditure request. Actually, most companies and organizations request some kind of business case to be done BEFORE giving the green light for any project or capital expenditure that is not already pre-approved. Moreover, even when it is pre-approved, most people still need to justify the capex before they initiate the expense.

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Finding Savings by Re-organizing Your Existing Spaces

Published on Tuesday, 7 January 2014 09:25:02    Written by Marc
Finding Savings by Re-organizing Your Existing Spaces
Those managing real estate leases are often challenged to find savings and if like most companies you have already tapped into the low hanging fruit ideas to generate savings, you probably find that it takes a good deal of creativity to find new ways to save money. However, some savings can sometimes be found by simply reorganizing your existing spaces. I touched briefly on this during a previous post, 10 Ideas for Saving Money: Part II under bonus tip #11, but I wanted to expand a little on the subject because I believe there are good potential savings here and this is probably an area that few companies tap into for a few reasons.

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Getting Commitment towards Saving Energy

Published on Friday, 3 January 2014 13:33:28    Written by Marc
Getting Commitment towards Saving Energy
At my past job, one of the responsibilities that were added to me a few years ago was finding ways to reduce costs. I was already in charge of procurement and real estate (among other things), but I was asked by the corporation to find savings everywhere I could. When I started to look at our expenses in detail, I found that we were paying many millions of dollars in energy each year (mostly for electricity and natural gas).

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