Post on 07-Nov-2015
description
Construction Cost Handbook
PHILIPPINES 2015
Langdon & Seah Philippines Inc
Published by Langdon & Seah (Philippines)
Projects featured on Cover Page :1. The Viridian - (upper left side)2. BDO Corporate Tower - Ortigas - (upper right side) 3. Manila Bay Resorts (bottom)
0
The following handbook of information relating to the construction industry has been compiled by:
Langdon & Seah Philippines Inc.4th & 7th Floor Kings Court I Building2129 Pasong Tamo, Makati City 1231PhilippinesTelephone : +63 (2) 811 2971Fax : +63 (2) 811 2071Email : manila@ph.langdonseah.comWebsite : www.langdonseah.com
Langdon & Seah Philippines Inc. 2015
All rights reserved. No part of this publication may be re-produced or copied in any form without prior written permission from Langdon & Seah (Philippines).
The information contained herein should be regarded as indicative and for general guidance only. Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors and omissions, however caused.
If advice concerning individual projects is required, we would be happy to assist.
Unless otherwise stated, costs reflected in this handbook are anticipated Manila costs in 4th Quarter 2014.
Langdon & Seah Philippines Inc. would like to acknowledge the assistance of Jones Lang LaSalle in providing additional data and information for this publication.
INTRODUCTION 1
TABLE OF CONTENTS2
TABLE OF CONTENTS0
Page No.
IndexCalendar 4Vision / Mission Statement 6Quality Policy Statement 10
1. CONSTRUCTION COST DATA
Construction Costs for Selected Asian Cities 12M & E Costs for Selected Asian Cities 18Construction Costs for Philippines 24M & E Services Costs for Philippines 26Construction Cost Specification 28Major Rates for Selected Asian Cities 30Retail Prices of Basic Construction Materials for Philippines 36Unit Costs for Ancillary Facilities for Philippines 40M & E Major Plant Costs for Philippines 42Fit-out Costs for Philippines 44Kitchen Equipment Cost for Philippines 47
2. GENERAL CONSTRUCTION DATA
Trends in Construction Costs for Philippines 51Construction Value 52Construction Activity 53Lead Time of Different Packages 54Utility Costs for Selected Asian Cities 56Estimating Rules of Thumb 58Progress Payments 60Construction Materials Wholesale Price Index 62Minimum Wage 64Average Earnings Index for Construction 65
Page No.
3. PROPERTY COMMENTARY
Commercial 69Residential 70Hotels and Serviced Apartments 71Retail 72Industrial 74
4. FINANCIAL
Philippines Key Data 78Economic Highlights 79Financial Definitions 80Financial Formulae 81Mortgage Repayment Table 82Consumer Price Index 83Exchange Rates 84Currency Charts 86Prime Rates 90Manila Reference Rate 91
5. OTHER INFORMATION
Philippine Map 94Public Holidays 95IDD Codes & Time Differences 104Conversion Factors 106Langdon & Seah Professional Services 108Quality System 110Environmental Sustainability 112Development Management 116International Directory of Langdon & Seah Offices 119
TABLE OF CONTENTS 3
CALENDAR4
CALENDAR0
JANUARY FEBRUARY MARCH
APRIL MAY JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28
M T W T F S S31 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30
M T W T F S S30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 2829 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 2829 30 31
2014
JANUARY FEBRUARY MARCH
APRIL MAY JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28
M T W T F S S30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31
M T W T F S S31 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31
M T W T F S S30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31
2015
2017
JANUARY FEBRUARY MARCH
2016
JANUARY FEBRUARY MARCH
APRIL MAY JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 2829
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30
M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31
APRIL MAY JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 2829
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30
M T W T F S S30 31
M T W T F S S
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30
M T W T F S SM T W T F S S31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31
JANUARY FEBRUARY MARCHJANUARY FEBRUARY MARCH
JUNE
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 3031
M T W T F S S30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 2627 28 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 21 22 23 24 25 26 27 2829 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 2728 29 30 31
M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 2930 31
M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31
APRIL MAY
JULY AUGUST SEPTEMBER
OCTOBER NOVEMBER DECEMBER
M T W T F S S
M T W T F S S
M T W T F S S M T W T F S S
M T W T F S S
M T W T F S S
M T W T F S S
M T W T F S S
M T W T F S S
M T W T F S SM T W T F S S30 31
M T W T F S S
CALENDAR 5
VISION MISSION STATEMENT6
VISION MISSION STATEMENT0
LANGDON AND SEAH PHILIPPINES INC.
VisionTo be the leading Cost and Quantity Surveying, Environmental Sustainability and Development Management Consultant in the Philippines built environment providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects - integrating and coordinating each of our business lines.
VisionTo be the leading Cost and Quantity Surveying Consultant in the Philippines built environment, providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects integrating and coordinating our Cost and Quantity Surveying Consultancy with our other service lines of Environmental Sustainability and Development Management.
MissionProtecting the interests of our Clients, we commit to: Provide our Clients with proactive, integrated service where we are working on the project covering more than one role. Establish partnerships with major Clients, working together as an integral part of their management team. Provide our Clients with service over and above their requirements through enhanced understanding of their needs. Provide our Clients accurate and dependable services taking into account their needs and procurement options.
COST AND QUANTITY SURVEYING
Being the greatest assets of the Company, we commit to the growth and development of our Staff by: Providing training, an exciting work environment and a competitive remuneration package. Providing opportunities for career growth and professional development. Encouraging and providing time and resource to gain external accreditation and qualifications in the field of Cost Consultancy and Quantity Surveying services at the earliest time.
We commit to continuously protect the interest of our Stockholders by: Maintaining and upholding our Chartered status with the RICS. Maintaining our Quality Assurance accreditation while being committed to continual improvement. Producing marketing materials and marketing strategy to diversify and widen our client base on Cost Consultancy and Quantity Surveying services.
We commit to our responsibility to our Society, hence; We contribute to socio civic works as a conscientious organization.
ENVIRONMENTAL SUSTAINABILITYVision
To be the leading Environmental Sustainability Consultant in the Philippines built environment, providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects integrating and coordinating our Environmental Sustainability Consultancy with our other service lines of Development Management, Cost and Quantity Surveying Consultancy.
MissionProtecting the interests of our Clients, we commit to: Provide LEED, BERDE and BREAM accreditation consultancy services and expanding this to a capability in other S.E. Asian accreditation systems such as Greenmark (Singapore). Provide our Clients with a proactive, integrated service guiding them through the accreditation process and educating key parties where there is lack of past experience/familiarization with the process. Provide our Clients with service over and above their requirements by achieving the projects targeted sustainability certification, striving to go beyond the projects pursued level within a reasonable cost and time.
Being the greatest assets of the Company, we commit to the growth and development of our Staff by: Providing training, an exciting work environment and a remuneration package that exceeds the highest local benchmark competitors.
VISION MISSION STATEMENT 7
VISION MISSION STATEMENT8
VISION MISSION STATEMENT0
Providing opportunities for career growth and professional development. Encouraging and providing time and resource to gain external accreditation, specialization seminars and qualifications in the field of environmental sustainability consultancy services at the earliest time.
We commit to continuously protect the interest of our Stockholders by: Developing the company as the foremost energy modeling center in the region, well-versed over a range of accredited software; that clients and other LS companies in S.E. Asia might refer for modeling services. Expanding our Consultancy Services into other related fields such as carbon assessment, daylight simulation and commissioning works. Developing our Consultancy Services to increase our involvement in the existing built environment as well as new build developments. Producing marketing materials and marketing strategy to diversify and widen our Client base on Environmental Sustainability Consultancy. Maintaining our Quality Assurance accreditation while being committed to continual improvement.
We commit to our responsibility to our Society, hence; We contribute to socio civic works as a conscientious organization.
DEVELOPMENT MANAGEMENTVision
To be the leading Development Management Consultant in the Philippines built environment, providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects integrating and coordinating our Development Management Consultancy with our other service lines of Environmental Sustainability, Cost and Quantity Surveying Consultancy.
MissionProtecting the interests of our Clients, we commit to: Provide a high level Clients Representative service
incorporating strategic procurement advice, project
management, planning, risk avoidance and programming
services.
Provide our Clients with a proactive, integrated service where
we are working on the project covering more than one role.
Establish partnerships with major Clients, working together as
an integral part of their management team.
Guide our Clients through the development process and
educating key parties where there is lack of past
experience/familiarization with the process.
Provide our Clients with service over and above their
requirements through enhanced understanding of their needs.
Being the greatest assets of the Company, we commit to the
growth and development of our Staff by: Providing training, an exciting work environment and a
competitive remuneration package.
Providing opportunities for career growth and professional
development.
Encouraging and providing time and resource to gain external
accreditation and qualifications in the field of Development
Management services at the earliest time.
We commit to continuously protect the interest of our
Stockholders by: Producing marketing materials and marketing strategy to
diversify and widen our client base on Development
Management services.
Maintaining our Quality Assurance accreditation while being
committed to continual improvement.
We commit to our responsibility to our Society, hence; We contribute to socio civic works as a conscientious
organization.
VISION MISSION STATEMENT 9
QUALITY POLICY STATEMENT10
QUALITY POLICY STATEMENT0
QUALITY POLICY STATEMENT
Our policy is to be the leading Cost and Quantity Surveying, Environmental Sustainability and Development Management Consultant in the
Philippines built environment, providing the highest level of excellence in professionalism and integrity,
working on modern, leading edge projects integrating and coordinating each of our business
lines.
Each process within the Company that determines the quality of our services shall be managed and
controlled in a planned and systematic manner in accordance with our quality system documents with the highest integrity, impartiality and independency.
We see our quality system as a valuable tool and mechanism to promote, instill, further develop and
bring about opportunities for improvement to our staff and our internal processes.
Essential to an effective quality system is our belief in continuous investment in professional development
and structured training of our staff at all levels in core skills and knowledge.
All staff members are required to comply with this policy statement, be responsible for the quality of their work and for providing our clients with a consistently
high standard of service.
1CONSTRUCTION COST DATAConstruction Costs for Selected Asian Cities
M & E Costs for Selected Asian Cities
Construction Costs for Philippines
M & E Services Costs for Philippines
Construction Cost Specification
Major Rates for Selected Asian Cities
Retail Prices of Basic Construction Materialsfor Philippines
Unit Cost for Ancillary Facilities for Philippines
M & E Major Plant Costs for Philippines
Fit-out Costs for Philippines
Kitchen Equipment Costs for Philippines
CONSTRUCTION COST DATA12
CONSTRUCTION COST DATA1US
$/m C
FA
2
DO
MES
TIC
Apar
tmen
ts, hi
gh ris
e, av
erag
e stan
dard
Apar
tmen
ts, hi
gh ris
e, hig
h end
Terra
ced h
ouse
s, av
erage
stan
dard
Detac
hed h
ouse
s, hig
h end
OFF
ICE/
COM
MER
CIAL
Out-o
f-tow
n sho
pping
centr
e, av
e. sta
ndar
dRe
tail m
alls,
high e
nd
HOT
ELS
Budg
et ho
tels -
3 sta
r, mi
d mar
ket
Busin
ess h
otels
- 4/5
star
Luxu
ry ho
tels -
5 sta
r
Mediu
m/hig
h rise
offic
es,av
erag
e stan
dard
High
rise o
ffices
pres
tige q
uality
MA
NIL
A
860 -
920
1,170
- 1,2
3060
5 - 69
01,2
80 -
1,370
820 -
870
1,260
- 1,3
6573
5 - 87
0
1,180
- 1,3
751,2
70 -
1,375
1,575
- 1,6
50
3,030
- 3,5
504,0
80 -
4,730
4,140
- 4,8
605,5
10 -
6,180
3,030
- 3,5
503,7
70 -
4,600
3,050
- 3,6
20
3,870
- 4,2
104,0
80 -
4,790
4,790
- 5,5
10
HO
NG K
ONG
*
1,550
- 1,7
502,3
45 -
3,495
1.985
- 2,2
252,5
00 -
3,335
1,985
- 2,1
85#
2,185
- 2,4
25#
2,185
- 2,3
45
2,460
- 2,6
603,1
35 -
3,575
SING
APO
RE**
KUA
LALU
MPU
R
385 -
580
935 -
1,12
027
5 - 3
9091
0 - 1,
115
735 -
845
1,060
- 1,4
25
805 -
1,04
5
1,225
- 1,6
902,1
25 -
2,455
2,360
- 2,7
25
825 -
1,13
31,0
19 -
1,327
534 -
842
812 -
1,12
0
825 -
1,13
31,1
67 -
1,475
801 -
1,10
8
1,560
- 1,8
682,2
00 -
2,508
2,259
- 2,5
67
BR
UNEI
672 -
855
977
- 1,1
6048
9 - 61
182
4 - 1,
008
641 -
794
855 -
1,09
964
1 - 83
7
1,160
- 1,2
821,4
66 -
1,679
1,710
- 2,4
43
BA
NG
KOK@
CONSTRUCTION COSTS FOR SELECTEDASIAN CITIES
1,080
- 1,1
204,0
80 -
4,790
2,345
- 2,5
8065
5 - 78
51,0
56 -
1,364
840 -
901
3,135
- 3,5
75
CONSTRUCTION COST DATA 13
The
abo
ve c
ost
s are
at 4
th Q
uarte
r 201
4 lev
els, in
clusiv
e of
prel
imin
arie
s un
less
oth
erwi
se s
tate
d.M
anila
bui
ldin
g co
sts
are
expe
cted
to in
crea
se b
y app
roxim
atel
y 0.
5% p
er m
onth
(com
poun
ded)
durin
g 201
4.M
anila
Rat
es a
re e
xclu
sive
of c
ontin
genc
ies
& in
clude
12%
VAT
Rat
es
are
exc
lusi
ve o
f contin
genc
ies.
# In
clud
es ra
ised
floo
r and
cei
ling
to te
nant
ed a
reas
but
exc
lude
s o
ffice
car
pets
(norm
ally u
nder
tenan
t's fit
-out).
*
**
Exch
ange
Rate
Use
d : U
S$1 =
IND
USTR
IAL
single
stor
ey fr
amed
units
wieg
ht ind
ustry
OTH
ERS
Unde
rgro
und/b
asem
ent c
ar pa
rks (