Things that go into the cost and budget:
Consturction Costs: $$$ to build project
Furniture and Fixtures- Usually under seperate contract.
Contractors Overhead and Profit-
- General Overhead - What is takes to run an office
- Project Overhead- $ it takes to complete a project.
Total Overhad costs range from 10-20% of the total cost of the contractor, materials and equipment.
-Profit- Will range from 5-15% of total cost for consturction
Proffesional Fees-
fees for ID and architects as well as other consultants.
Taxes-
Sales Tax paid for furn
Moving costs-
Some clients like to include this into their building budget.
Telephone and Data system requirments-
This is most likely coord. without the ID.
Contingencies-
Should always be added to the budget for unforseen changes.
Other Costs-
Two other concerns the owner may be concerned with is financing and inflation factor.
With large projects over long period of time there may be an inflation factor. (example.) gas prices)
METHODS OF ESTIMATING
Square Footage:
Budgets based on size. (first most preliminary type)
Parameter:
Expanded itemization of construction quantities, and furnishings in an itemized method.
Detailed Quantity Take Offs:
Most percise kind of budget.
Counting actual quantites and materials and multiplying these by the firms quoted cost.
COST INFROMATION
-Geographic Location
-Inflation
LIFE CYCLE COST ANALYSIS
Method for determining the toatal cost of a building .
It takes into account the inital cost as well as the cost of financing, operation and maintenance and disposal.
Study Period - is the estimated length of time assumed for the product.
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