Techniques estimating cost
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Transcript of Techniques estimating cost
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Techniques of Estimating During the Design Stages
Functional unit methodSuperficial methodCube methodFunctional area methodStorey enclosure methodApproximate quantities methodElemental method
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Functional Unit Method - 1
Examples of cost per functional unit:(Used at Stage A - Brief)
Schools, universities, colleges - per studentHotels, hospitals - per bedRestaurants, cinemas - per seatCar parks - per car
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Functional Unit Method - 2
Example:Hospital of 640 bedsCost per bed = $16,000
Total estimated cost = 640 x $16,000 = $10,240,000
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Superficial Method - 1
Cost per square metre of floor area:
(Used at Stage A - Brief and Stage B - Outline Proposal)
Example:Project of 852 m2
Cost per m2 = $1,106
Total estimated cost = 852 x $1,106 = $942,312
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Superficial Method - 2
Advantages:
Unit is meaningful to all partiesMost cost data is published in $/m2
Estimates are quickly and easily prepared
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Superficial Method - 3
Disadvantages:Difficult to allow for effects of design decisions such as plan shape, storey height, quality, etcSeparate allowance must be made for site works and external services
(Note: These also apply to functional unit and functional area methods)
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Cube Method
Cost per cubic metre of building volume:
(Could be used at Stage A - Brief and Stage B - Outline Proposal, but obsolete!)
Example:Project of 16,000 m3
Cost per m3 = $325
Total estimated cost = 16,000 x $325 = $5,200,000
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Functional Area Method - 1
Examples of cost per square metre of functional area:
(Used at Stage A - Brief and Stage B - Outline Proposal)
Primary schools and secondary collegesTAFE colleges and universitiesHospitals and medical/community centres
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Functional Area Method - 2
More accurate than simple superficial methodNo published cost dataNot useful for “one-off” projects Useful only for client body involved in continuous and consistent program of similar projects
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Storey Enclosure Method
Cost per square metre of building envelope:
(Could be used at Stage A - Brief and Stage B - Outline Proposal, but obsolete!)
Uses single price rate similarly to functional unit and superficial methodsIncorporates cost effect of design features such as height and shape
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Approximate Quantities Method - 1
Cost per square metre of building structure:
(Used at Stage C - Sketch Design and Stage D - Tender Document)
Not single price rate methodMost accurate methodUses actual construction rates for each group of related items
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Approximate Quantities Method - 2
Figure 5.1Ground Slab and Foundation Detail
Trowelled surface for CarpetGalvanised Iron Flashing
Ground Level
400 x 500Reinforced Concrete
F42 Fabric
Polythene Sheet150 Concrete Slab
150 Crushed rock50 Sand Bed underPolythene Sheet
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Approximate Quantities Method - 3
Example per m2: $100mm hardcore 9.5050mm sand 2.50Polythene 2.80150mm concrete @ $125/m3 18.75F42 steel fabric 4.2550mm screed 4.00
Total cost per square metre $41.80
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Approximate Quantities Method - 4
Simple, reliable and accurate methodCan clearly reflect adjustments of quantity and/or qualityCost data readily availableTime-consumingApplicable only to building workApplicable only in later stages of cost planning
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Elemental Method - 1
Cost per m2 of NPWC elements:Element groups used in Stage B - Outline ProposalIndividual elements used in Stage C - Sketch Design and Stage D - Tender Document
(Note: For format of element codes and makeup of element groups, refer to Topic 3)
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Elemental Method - 2
Element costs are expressed in:Percentage of total building costCost per m2 of gross floor areaUnit rate per m2 of elementTotal element cost
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Elemental Method - 3
Advantages:Flexible, adaptable method, suited to Stages B, C and DEasily understood by all partiesFacilitates comparison between projectsFacilitates analysis of cost implications of design decisions
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Sources of Cost Data
Rawlinsons Australian Construction Handbook (published annually, index updated quarterly)
Cordell’s Building Cost Guide (published quarterly)
The Building Economist (published quarterly)