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Taking a medium-sized hospital renovation project as an example, the total investment may range from a few million to tens of millions. If the subcontractor is able to successfully take the project, then they may earn hundreds of thousands to millions of dollars in profit. However, this does not mean that subcontractors can easily earn these profits. They need to be experienced and competent enough to manage the project and ensure that the work goes smoothly, while also controlling costs to avoid going over budget.
In the local market, the average price of hospital renovation may range from a few hundred to a few thousand dollars per square meter, depending on the standard and requirements of the renovation. Subcontractors will need to base their quotes on this price, taking into account their own costs and expected profits.
For companies or individuals who want to enter the hospital renovation subcontracting industry, it is recommended that they first need to have an in-depth understanding of the industry, including the industry's development trend, the competitive market situation and the needs of customers. Secondly, they need to have certain project management skills and experience, which is crucial for controlling costs and ensuring project quality. Finally, they also need to have good business sensitivity and be able to accurately judge market dynamics and make the right decisions.
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