Join Us in Celebrating Ancon Construction’s New Corporate Office

Join Us in Celebrating Ancon Construction’s New Corporate Office

by | Jun 27, 2024 | Ancon News

DATE: Tuesday, August 6, 2024

TIME: 4:00 to 6:30 pm

LOCATION: 2121 W Wilden Ave, Goshen, IN 46528

Ancon Construction is delighted to invite you and the community to a significant milestone celebration — the ribbon-cutting ceremony for our new corporate office! The event will take place on Tuesday, August 6, from 4:00 to 6:30 p.m. at 2121 W. Wilden Avenue in Goshen, Indiana.

The project, initiated in November 2023, converted the 24,000-square-foot former Furnitureland store into our new corporate office. Leveraging our expertise in revitalizing existing structures, we designed and renovated our new office space.

We are so excited to unveil our new corporate office, a testament to our nearly 50 years of excellence in the commercial construction industry. This event marks months of hard work and dedication, reflecting our commitment to our Employee-Owners and the Goshen community.

“This project has been so much more than just renovating a building,” reflects Doug VonGunten, Ancon President. “I have dreamt of this day for years! It represents who we are as Employee-Owners while showcasing Ancon’s true design-build culture. It also reflects the core of our day-to-day operations and will be a place where our entire team will be able to come together and thrive. We’re excited to transition into this transformed space, one that better reflects the work that we do while bringing new life to an empty building in our hometown of Goshen.”

Following the ribbon-cutting event, you are invited to tour the building. Light refreshments will be available.

Key Features of our New Corporate Office:

  • Utilization of natural daylight for a sustainable and inviting atmosphere
  •  Open and collaborative workspaces fostering creativity and teamwork
  • Diverse meeting areas catering to various work styles and needs
  • A central hub offering amenities such as a café, training room, outdoor patio, and lawn space, promoting employee well-being and engagement
  • A unique selection of materials and colors showcasing Ancon’s commitment to quality and innovation

Join us on Tuesday, August 6th, as we commemorate this momentous occasion.

Event Details:

Date: Tuesday, August 6th

Time: 4:00 – 6:30 pm

Location: 2121 W. Wilden Avenue, Goshen, Indiana

 

We look forward to seeing you there!

 

 

 

About Ancon Construction:
Ancon Construction is a leading commercial design-build contractor offering services such as planning, architectural design, construction, remodeling, and maintenance. Headquartered in Goshen, Indiana, the company is 100% employee-owned and has been a cornerstone of the Michiana community’s architectural and construction landscape since 1975.

For more information about Ancon Construction, contact Amy Self, Ancon Construction’s Marketing Manager, at 574.533.9561, aself@anconconstruction.com, or visit anconconstruction.com.

What Do Banks Like To See When Asking For A Commercial Construction Loan?

What Do Banks Like To See When Asking For A Commercial Construction Loan?

by | Feb 22, 2024 | Ancon News

 

What do banks like to see when asking for a commercial construction loan?

 

If you’re planning to build a commercial property or undertake a major renovation project, you’ll likely need to secure financing through a commercial construction loan. These loans are specifically designed to cover the costs associated with commercial building projects and require a different set of documentation and requirements than a traditional business loan.

Here are some of the key factors that banks typically look for when considering a commercial construction loan application:

  1. A strong business plan: Banks will want to see a detailed business plan that outlines your project’s scope, including blueprints, architectural drawings, permits, contractor bids, and timelines. This plan should also include a detailed breakdown of the costs involved in the project, as well as an estimate of the property’s value upon completion.
  2. Strong credit history: As with any loan application, banks will want to see a solid credit history demonstrating your ability to make timely payments and manage debt responsibly. A high credit score and a low debt-to-income ratio can help increase your chances of being approved for a commercial construction loan.
  3. Adequate collateral: Commercial construction loans are typically considered riskier than traditional business loans, so banks may require additional collateral to secure the loan. This could include a lien on the property or other assets, such as a vehicle or investment account.
  4. Sufficient cash reserves: Banks will also want to see that you have enough cash reserves to cover unexpected expenses that may arise during the construction process. This could include things like delays in construction, unexpected material costs, or changes to the scope of the project.
  5. Experienced contractor: Banks will want to see that you’re working with an experienced and reputable contractor who has a track record of successfully completing similar projects. They typically require that the contractor be licensed and insured. Completing schematic drawings and understanding the actual construction cost can save time and additional questions from the bank’s underwriters. These documents should be included with your loan application.
  6. Proven track record: If you’re an established business owner, banks will want to see a proven track record of successful projects and profitability. This can help assure the lender that you have the experience and financial stability to manage a large-scale construction project.
  7. Projected cash flow: Banks will want to see that the property will generate sufficient cash flow to cover loan payments and operating expenses once the construction is complete. This could include projections of future rental income, sales revenue, or other revenue streams.

Securing a commercial construction loan requires a thorough and detailed application process. By working with a knowledgeable lender and providing all the necessary documentation and requirements, you can increase your chances of being approved for a commercial construction loan and successfully completing your building or renovation project.

Ancon Construction would love to help answer your commercial construction loan questions and learn more about your vision. A 100% Employee-Owned True Design-Build Construction firm since 1975. 

Let’s get your project started…together.

Learn how Ancon Construction’s True Design-Build process provides risk mitigation

Learn how Ancon Construction’s True Design-Build process provides risk mitigation

by | Dec 18, 2023 | Ancon News

 

Let’s start with the basics

What exactly is Design Build? Design-Build is a project delivery method that combines the design and construction phases of a project into a single contract. This method has gained popularity in recent years due to its ability to provide risk mitigation for project owners.

In general, the Design-Build approach is different from traditional construction delivery methods, such as Design-Bid-Build, where the owner hires a designer and a contractor separately. With Design-Build, the owner hires a single team that includes both the designer and the contractor. This team works together from the beginning of the project to the end, which ensures that everyone is on the same page, and the project goals are aligned.

In this blog post, we will explore how Ancon Construction’s True Design-Build delivery method provides risk mitigation and the benefits it offers.

Ancon Construction is a 100% employee-owned company that specializes in True Design-Build construction services, making it an ideal partner for clients who want to mitigate risks and ensure the success of their projects. Ancon’s in-house team of experts includes both designers and construction professionals, who work collaboratively to provide cost-effective solutions that meet the specific needs of each client. By taking responsibility for both the design and construction phases of a project, Ancon can better identify and mitigate risks throughout the project’s lifecycle. As a result, the team is better equipped to identify and mitigate risks throughout the project’s lifecycle.

Here are some ways Ancon’s True Design-Build team provides risk mitigation:

  1. Collaboration and Communication: Ancon’s in-house Design-Build approach emphasizes collaboration and communication between the design and construction teams. By working together, we can identify potential risks and develop strategies to mitigate them. This collaborative approach can help prevent costly delays and change orders down the line.
  2. Cost and Schedule Certainty: With Ancon’s True Design-Build process, the owner receives a fixed price for the project, which helps eliminate cost overruns. Additionally, since the design and construction teams are working together, they can develop a realistic schedule that takes into account potential challenges and risks.
  3. Quality Control: Ancon’s True Design-Build team is responsible for the quality of the project from start to finish. They have a vested interest in delivering a high-quality product, which helps ensure that the project meets and often exceeds the owner’s expectations.
  4. Single Point of Contact: With Ancon’s True Design-Build process, the owner has a single point of contact for the entire project. This simplifies communication and ensures that everyone is working towards the same goals.

Ancon Construction’s True Design-Build team provides risk mitigation by fostering collaboration and communication, delivering cost and schedule certainty, ensuring quality control, and providing a single point of contact for the owner. By hiring our True Design-Build team, owners can mitigate risks and ensure that their projects are completed on time, within budget, and to the desired quality standards.

30 years of dedication and hard work

30 years of dedication and hard work

by | Sep 7, 2023 | Ancon News

Meet Ken – 30 years of dedication and hard work

Ken is celebrating being an employee-owner at Ancon Construction for 30 years on October 25th. His journey began when he started as a laborer on the concrete crew. Prior to joining Ancon, Ken had a brief experience building furniture after coming home from the military. A year into furniture building, Ken knew the job wasn’t the right fit for him. With the economic recession in full swing, jobs were hard to come by, so he started working for a temp company. One day, when Ken was on break, he noticed Ancon Construction was across the street building a project. Ken decided he’d give them a call. Shortly after that, both he and his brother started working for Ancon Construction.

Ken’s commitment to Ancon Construction is evident in his long tenure and loyalty. He values Ancon’s commitment to its employees. Ken reflects, “Ancon is very good about caring about their people. There is no other company like our company. Ancon wants to make sure you have a future, and they do that with stock – all of us being employee-owners.”

Ken’s role has evolved over the years, transitioning from a laborer to operating heavy equipment after 15 years. Subsequently, he became a finisher and form carpenter, showcasing his adaptability. “My job has changed a lot in 30 years. And I have learned a lot of new skills. Over the years, I have learned how to operate all different kinds of equipment on the job. You can’t be afraid to learn something new and continue to adapt and take on new challenges.”

Ken also appreciates the diverse projects and locations Ancon offers, emphasizing the company’s unique qualities. He takes pride in his work. “I like to do projects the right way – I’m a perfectionist.”

There are two things Ken shared he really likes about this type of work:

  1. Each project is different. You might be pouring another footing, but it’s not the same footing you did on the last project.
  2. You are in a different area and a different climate.

Ken said his most memorable project was the Ross Laboratories (formally Abbott) built in Michigan back in the early 90’s. It was a huge project, and he remembers how bitterly cold and snowy that winter was. The project was long, work hours were long, and the project involved a lot of concrete work.

Ken’s 30-year journey at Ancon Construction reflects his dedication, adaptability, and appreciation for the company’s values and opportunities for its employees.

Thank you, Ken, for 30 years of being a dedicated, hard-working Employee-Owner!

Ryan’s Journey in ABC Carpentry Apprenticeship Program

Ryan’s Journey in ABC Carpentry Apprenticeship Program

by | Jul 27, 2023 | Ancon News

Ryan’s Journey in ABC Carpentry Apprenticeship Program

Meet Ryan. He is embarking on his second year in the Associated Builders and Contractors of Indiana/Kentucky (ABC) carpentry apprenticeship program. Through ABC’s partnership with Vincennes University, apprentices in Indiana can also earn a tuition-free associate degree.

Ryan is a part of Ancon Construction’s Building Services (ABS) division, which assists businesses in the commercial and industrial industries, with small business projects and repairs.  Throughout his journey, Ryan has gained valuable insights and skills.

 “Hands-on learning is what I value the most from the program. In ABS, we get a lot of small remodels, not a lot of full builds. In the first year of the ABC Apprenticeship Program, we learned how to do a full build – from the ground up, including floor and wall systems – everything! This was very beneficial for me because it isn’t something I currently do often.”

 The program’s hands-on learning experience has been very impactful for Ryan. This immersive approach has proven invaluable to him, and he recognizes this is valuable for his future career.

“We learn in a classroom setting, then go out into a shop and do what we just learned.” He believes in the mantra of “show up, work hard, and want it.”

 Joining Ancon has been a transformative decision for Ryan, escaping the monotony of factory work he experienced for several years. It was Ryan’s close friend, Jacob, an Ancon colleague, who encouraged him to apply to Ancon. Ryan has found a deep appreciation for this new path, embracing the satisfaction that comes from learning a trade.

 Ryan enjoys the ever-changing landscape of construction projects and the perpetual learning process, where each unique scenario demands his best. The knowledge he gains not only shapes his present but also holds the potential to contribute to his future aspirations, such as remodeling a house someday.

 As Ryan’s journey continues, he envisions himself in a leadership position in years to follow. Driven to ascend to a foreman or superintendent role, his dedication propels him toward excellence in his craft.