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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