This is a term that I have come to use to describe those elements of construction that are not expected to be replaced, so the cost of replacing them is not incurred until after the job is completed. This includes the costs of painting, siding, trim, windows, doors, and the like.
This is the reason these elements are expensive. Because of the non-reoccurring costs, there is no way to anticipate when they will need to be changed.
My non-amortizing work is not a new technique, I’ve done it since the 1980s. But when you have to do it in a construction project, it is a little easier than you think. The problem is that the project’s owner has taken care to make it impossible to avoid this problem, so you end up having to come up with a non-reoccurring cost estimate.
When you get started on a construction project, it is very easy to make the wrong estimate. As a rule of thumb, you should be able to come up with a non-reoccurring cost estimate that doesn’t need to change even if you add or remove an element.
This is not true in construction projects. The mistake many homeowners make is adding a new element to a project, and then they end up having to make a non-reoccurring cost estimate for the project. This is because the project’s owner is trying to avoid a non-reoccurring cost estimate.
That is why I’ve always felt like I needed some sort of non-reoccurring cost estimate, even if it was only for a few hours or a few days, but after that it would be a non-reoccurring cost estimate. Unfortunately, I’ve found that in construction projects, no contractor really cares what you think you’re paying for your project. Everyone is going to call you a liar, a crook, and a liar because of your estimate.
The best example of this is a project where your client wants a non-reoccurring estimate, then you ask for an estimate for $250,000 that is based on the previous estimate. In this case it would be a non-reoccurring cost estimate, and the previous estimate was the result of a large number of calls (as was the previous estimate) made by a person with a very negative attitude.
What a waste of time! I’m the only one who actually has a non-reoccurring estimate! It’s my last chance to work on a project and not be the client. In the beginning of the project, I was asking for the exact figure, and it was a really huge mistake, and no one in the team knew what was going on.
There is a word for when you have to set a non-reoccurring cost estimate, it is called a “non-amortizing.” It comes from a letter that was used by the U.S. government to estimate the cost of providing the space shuttle Columbia with a life-span of 50 years. Basically, a non-amortizing is a statement that says “I wouldn’t do this if it were my money.
It’s a great thing to have at the end, it has the power to make a good difference.