Saturday, December 6, 2008

Deflation at the golf course

Deflation has spread to Texas. The above chart is the evolution of the golf course construction budget for Wolf Point Club - from initial budget to actual $'s - no numbers attached for now - the decrease is 40%. I hope someday building a course practically can be appreciated.

*Golf Course Construction is generally quoted to include just the golf course:
Erosion control
Grassing & grow-in
Feature construction - greens, bunkers, tees
Lakes & water features

The following is not included:
Access roads & infrastructure
Maintenance facility and equipment
Utilities - water & electric
Engineering & design fees

When I worked for Lockheed I always beat my weight and schedule budgets.... more important as they had a bigger effect on costs than actual costs.
When Don ran his own golf course - he did too.

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