Tenant Fit-Out Cost Overruns
Definition
Tenant buildout projects often exceed budgets due to rush orders, inadequate planning, and fees when landlords manage construction.
Key Findings
- Financial Impact: AUD 3-5% of total project cost in landlord management fees; typical overruns AUD 20,000-50,000 per mid-size fit-out
- Frequency: Per project, especially Category B fit-outs
- Root Cause: Lack of in-house control, fast-tracking, and misaligned incentives between landlord and tenant
Why This Matters
The Pitch: Leasing firms in Australia 🇦🇺 waste AUD 30,000+ per project on fit-out overruns. Automation of scheduling and cost tracking eliminates this risk.
Affected Stakeholders
Tenant Project Managers, Leasing Agents, Landlords
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Buildout Permit Non-Compliance Fines
Fit-Out Delay Holdover Costs
Certificate of Insurance Tracking Capacity Loss
COI Compliance Liability Exposure
CAM Reconciliation Underbilling
GST Misreporting on CAM Charges
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