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Managing Project Costs & Setting a Budget

Cost of Works:

  • Construction Cost
  • Architect’s Fees (10%-15% of construction cost)
  • Consultant Fees (5%-15% of construction cost, depending on project complexity)
  • DA/CC Fees & Certification Fees (varies between Councils, and whether a private certifier is used)
  • Contingency Sum (10%-20% of construction cost)
  • Builder’s Margin
  • GST

Other costs to consider:

  • Furnishings
  • Loose Equipment & Electrical Items
  • Landscaping
  • Rental/Accommodation Costs during construction

Project Unknowns:

  • Archaeological finds
  • Contamination Issues
  • Structural problems with existing buildings
  • Geotech
  • Bushfire prone land

Issues affecting budget:

  • A building is the sum of its parts – size matters. The biggest impact on a project cost is the area.
  • Builder’s experience and type of building contract
  • Site conditions and access
  • New building vs. alterations & additions
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