The difference of UAH11.4 million is significant. If we include here additional cash flow due to early commissioning, the cost of a facility built from structural steel will be lower than that of one built from reinforced concrete.Īccording to the estimations of the Ukrainian Steel Construction Centre, a steel frame shopping centre with a total area of 73 thousand square meters will cost UAH57.2 million, whereas a centre made from reinforced concrete will cost UAH68.6 million. Proper design and the predictable behaviour of metal during construction can help to open a shopping mall right when the season starts. In Ukraine, for example, this means saving several million hryvnias a month. Steel frame technologies can help to commission a building 4-6 months earlier than a building made of reinforced concrete. However, this cost difference can be compensated through the speed of construction. Steel frames are on average 5-10% more expensive than concrete structures. We discuss how a developer can save on the construction of a shopping mall without compromising quality.
The aesthetics and the spectacular concepts of steel design bolster the financial calculations. Such architecture evokes emotional responses, which are known to be a driver of sales. Steel structures can create unimaginable shapes. Steel frame buildings have long been the classics of world architecture.
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