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Construction Estimating
QUESTION
Develop a programming budget estimate for a 100,000 square-foot warehouse, assuming a square-foot cost factor of $60 per square foot. The site will be about 200,000 square feet with a site development cost of $3 per square foot. Use the following allowances to prepare your budget estimate:
- Owner-furnished FFE: $1,000,000
- Owner soft costs: $800,000
- Programming fees: $50,000
- Geotechnical Investigation: $390,000
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Economics |
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2 |
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APA |
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Answer
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Construction Cost Estimating
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Name
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Date:
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Assignment:
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Assignment 1 (Programming Budget Estimate)
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* Fill out the cells in Yellow
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Project:
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100,000sqft Warehouse
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Estimator:
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0
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Estimate Date:
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January 0, 1900
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Programming Budget Estimate
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Scope
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Unit Price
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Total
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Building Construction
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100,000
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$60
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$6,000,000
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Site Development
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200,000
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$3
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$600,000
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Subtotal (Construction Cost)
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$6,600,000
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Programming Fees
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Allowance
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$ 50,000.00
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$50,000
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Design Fees
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6% of Construction Cost
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$396,000
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Geotechnical Investigation
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Allowance
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$ 390,000.00
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$390,000
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Testing & Inspection Fees
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3% of Construction Cost
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$198,000
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Permits & Fees
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2% of Construction Cost
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$132,000
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Insurance
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2% of Construction Cost
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$132,000
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Owner-Furnished Furniture, Fixtures
& Equipment
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Allowance
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$ 1,000,000.00
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$1,000,000
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Owner Soft Cost
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Allowance
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$ 800,000.00
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$800,000
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Subtotal (Costs)
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$9,698,000
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Sales Tax
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8% of Subtotal
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$775,840
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Owner Contingency
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20% of Subtotal
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$1,939,600
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Total Budget Estimate
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$12,413,440
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