COST PLANNING

WHAT???

STAGES??

IMPERICAL (COST PER m)

ELEMENTAL COST ESTIMATE
ESTIMATE WITH APPROX QUANTS
PRE-TENDER ESTIMATE

PRE-CT COST CONTROL = CT SUM IS WITHIN THE CLIENTS APPROVED BUDGET

DEFINITIONS.??

1. IMPERICAL
BASED SOLELY ON COST PER m OF FLOOR AREA / FUNCTIONAL UNIT
MINIMUM INFORMATION EXPECTED
APPROX LOCATION
NO. OF FLOORS
STANDARD OF CON / FINISHES / SERVICES
TIMEFRAME
INFORMATION USED
HISTORICAL DATA (IN HOUSE SOURCES / PREV PROJS)
BCIS FROM RICS
ADD FOR SITE WORKS / CONTINGENCIES
ADJUST FOR TIME & LOCATION (INFLATION / TPI)

2. ELEMENTAL
BASED GENERALLY ON ELEMENTAL COSTS ( APPROX QUANTS FOR
SIGNIFICANT AREAS)
SPECIALIST QUOTATIONS WHEN AVAILABLE
INFO EXPECTED TO BE LITTLE & WIHTOUT DETAIL:-
OUTLINE SKETCH PLANS
LOCATION
NO. OF FLOORS
STANDARD OF CON / FINISHES
ADD FOR SITE WORKS / CONTINGENCIES
ADJUST FOR TIME / LOCATION

3. APPROX ESTIMATE
 BASED ON APPROX QUANTS
A MORE DETAILED MEASUREMENT OF SIGNIFICANT AREAS
BETTER THAN PRELIM EST BUT NOT BQ STANDARD
USE PLANS, LOCATION, FINISHES, PROGRAMME

4. PRE-TENDER ESTIMATE
1 BASED ON TENDER DOCUMENTS
2 VERY RARELY PRICE BQ, DANGEROUS FOR QS

ADJUSTMENTS
1 SIZE
2 SPECIFICATION
3 SCOPE DIFFERENCES
4 LOCATION
5 TIMEFRAME
6 MARKET CONDITIONS
7 PROCUREMENT METHOD

COST DATA
1 PREVIOUS COST ESTIMATES
2 TENDERS ON G&T FILES
3 BUDGET COST PLANS
4 BCIS DATA
5 TECH PRESS ANALYSIS
6 SPECILAIST QUOTATIONS
7 RESEARCH PAPERS
8 PRICE BOOKS

USUSAL EXCLUSIONS
1 VAT
2 PROFESSIONAL FEES
3 FINANCING COSTS
4 FEES IN CONNECTION WITH STAT AUTHORITIES
5 BLDG REGS & PLG FEES
6 UNUSUAL SPECIFIC SITE CONDITIONS
7 FURNITURE REMOVAL / FF&E / WHITE GOODS
8 LAND COSTS
9 NPO / OUT OF HOURS WORKING
10CLIENT CONTINGENCY
11CAPITAL ALLOWANCES
12LOSS OF RIGHTS ETC

REPORTS TO STATE
1 BASIS OF ESTIMATE (DWGS/SPEC ETC)
2 AMOUNT IN WORDS & FIGURES
3 BASE DATE
4 ALLOWANCE INC FOR INFLATION
5 SCOPE OF WORKS
6 TYPE OF CONSTRUCTION
7 ASSUMPTIONS MADE
8 EXCLUSIONS
9 SCHEDULE OF FLOOR AREAS

SOFTWARE
1MEASUREMENT
2 SUPER Q
3 CAD MEASURE
4 DIGITISER
5ESTIMATING
6 DES
7 WEST
8 ELSIE (RICS & UNI OF SALFORD)

INFORMATION

BLDG COST INFO SERVICE (BCIS)

1 PRODUCED BY RICS
2 WORKS ON RECIPROCAL BASIS
3 INFO STORED ON MAIN COMPUTER
4 REGULAR MAILED INFO SHEETS / ON-LINE SERVICE
5 INFO INCLUDES ; WAGES, PRICES, REG TRENDS, AVE BLDG PRICES

BLDG MAINTENANCE INFORMATION

1 OPERATED BY RICS
2 INFO FOR PROPY MGT/MAINTENANCE/REFURBISHMENT
3 INFO INCLUDES; NEW BULLETINS, COST INDICIES