A) Pardee Opens its new Office Seeking LEED Gold & scoring a perfect 100 on Energy Stars Building Management Website. Published by GTR Newspapers, Jan. 2013.
B) Scott Pardee Noted for Pioneering LEED Credit. Published by Tulsa Business and Legal News. March 2013. (Click on image to enlarge article.)
C) Boston Avenue Multi-Sport. Published by Tulsa’s Channel 2 and Channel 8. Front page of Tulsa World and Tulsa Metro Chamber.
D) LEED Efficient Building. Published by Tulsa People Magazine. March 2013. (Click on image to enlarge article.)
E) Tulsa journal Record Names Pardee Construction as the 4th Fastest Growing Company in Tulsa for 2013.
F) US Builder Review Highlights Pardee Construction’s Sustainability Efforts. Published October 2012. (Click on image to enlarge article.)
G) Pardee Construction & Hartog, Kallenberger, & Swarthout accounting firm identify demountable wall systems and creative financing which saved one owner 20% on the cost of a project.
Article: Taxes are an inevitable part of business life so why pay more than necessary. Business owners may not be aware that when building a new office, renovating an older office space, or even just creating a few extra work spaces, the use of a “demountable” wall system could qualify for a significant tax break.
Lee Swarthout, local Tulsan and principal with Hartog, Kallenberger & Swarthout, P.L.L.C. explained “Demountable wall systems are not permanently attached to a building, and based on Revenue Rule 75-178, are classified as personal property for tax purposes. That means the cost of the system may be depreciated, or written-off, over a shorter period of time than the typical leasehold improvement. Also, the American Taxpayer Relief Act that was signed into law on January 2, 2013, extended the favorable expensing and depreciation provision for business personal property placed in service before January 1, 2014. Under the limitations specified in those provisions, all or part of the cost of a demountable wall system may be expensed in a single year. Otherwise, it may qualify for bonus depreciation of 50% in the first year, with the remaining 50% being depreciated over lives of four to seven years.”
In trend with the continuing evolution in the construction industry towards a greener, simplified and more cost-effective trade, demountable wall systems embodies this idea. There are several types of demountable wall systems already available. Many demountable wall systems are easily installed, needing no new, product-specific tools and little training for contractors, while still cost competitive with conventional drywall systems. Another factor contributing to their popularity is its eco-friendly design; it is a sustainable product, with reuse creating a reduction in landfill waste.
Pardee Construction, a local Tulsa company, is an advocate of these demountable wall systems. Scott Pardee utilizes Green Zip™ Seamless Demountable Drywall System, and is not only a fan of the product, but a customer as well. Pardee remodeled his new corporate headquarters located at 816 E. 6th Street in downtown Tulsa using the Green Zip™ partition system. The cost of the interior remodel portion of the project was $250,000 and a savings of $53,000 was realized. “Utilizing a demountable drywall system was not only an effective way of creating a functional office, but we also maintained our green philosophy and environmentally conscious efforts while benefiting from accelerated depreciation, “ said Scott Pardee, Managing Member, Pardee Construction.
Pardee is currently working with Rigid Global Products and a local Tulsa architect to improve and create additional demountable systems for the market.
Scott Pardee | firstname.lastname@example.org | (918) 610-0100
Lee Swarthout | email@example.com | (918) 743-2581×320