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Cost Analysis for Scheme 1 Assessment 2 Report
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Introduction
In the introduction section, you are expected to provide a succinct overview of the project background, the purpose of this report, and the extent of the cost analysis conducted. This should include a concise description of the project, the objectives the report aims to achieve, and an overview of the methodologies and key assessments utilised in the cost analysis. The purpose of this introduction is to establish the context for the reader and to clearly outline the structure of the report, ensuring that the reader has a clear understanding of what will be discussed.
Parameters and Assumptions for Scheme A
In this section, you are required to define various parameters and provide detailed justifications for the assumptions used in your analysis, which includes:
Indicative Cost Plan for Schemes
In this section, you are required to calculate the cost of Scheme A by providing complete details in the provided tables. This section will be evaluated in conjunction with the "Appendix – Calculation Steps." Please note that failing to include all the calculation steps in your submission will result in the loss of all marks for this section, regardless of the accuracy of your cost estimate.
Table 1: Cost Plan for Scheme A
|
Cost Plan for Scheme A |
GIFA = ? |
||||
|
Element |
Estimate method used (Comparative cost or Elemental cost) |
Total Cost |
Cost of element per m2 GIFA |
Element unit quantity |
Element unit rate |
|
Substructure |
Elemental Cost |
? |
? |
? |
? |
|
Upper floor |
Comparative Cost |
? |
? |
? |
? |
|
Roofs |
Comparative Cost |
? |
? |
? |
? |
|
Stairs |
Comparative Cost |
? |
? |
? |
? |
|
Windows |
Comparative Cost |
? |
? |
? |
? |
|
Doors |
Comparative Cost |
? |
? |
? |
? |
|
External walls |
Comparative Cost |
? |
? |
? |
? |
|
Internal walls |
Comparative Cost |
? |
? |
? |
? |
|
Wall finishes |
Comparative Cost |
? |
? |
? |
? |
|
Floor finishes |
Comparative Cost |
? |
? |
? |
? |
|
Ceiling finishes |
Comparative Cost |
? |
? |
? |
? |
|
Fitments |
Elemental Cost |
? |
? |
? |
? |
|
Plumbing |
Elemental Cost |
? |
? |
? |
? |
|
Electrical |
Elemental Cost |
? |
? |
? |
? |
|
Mechanical |
Elemental Cost |
? |
? |
? |
? |
|
Sub-total Cost |
/ |
? |
? |
|
|
|
Sitework (5%) |
/ |
? |
? |
||
|
Preliminaries (?%) |
/ |
? |
? |
||
|
Total |
/ |
? |
? |
||
Table 2: Developer’s Budget
|
Client |
WSU |
|
Project name |
Building Scheme A |
|
Price base date: |
May 2025 |
|
New building work |
? |
|
Siteworks |
? |
|
Construction costs (at stated base date) |
? |
|
Estimated inflation to probable tender date of Oct 2025 - ?% |
? |
|
Construction costs at tender |
? |
|
Estimated increased costs payable to contractors during construction period (2025-2027) - ?% |
? |
|
Construction costs at completion |
? |
|
Professional fees of all consultants including expenses - ?% |
? |
|
Total Cost |
? |
Comparison and Recommendation Comparative Analysis
In this section, you are required to analyse the cost plans for Schemes A and B by completing the tables provided below.
|
Project information |
|||
|
Estimate option |
Scheme A |
Scheme B |
Schemes B vs. A |
|
Project type |
Residential |
Residential |
/ |
|
Date of estimate |
May 2025 |
May 2025 |
/ |
|
No. of levels |
2 |
2 |
/ |
|
Total bedrooms |
? |
4 |
? |
|
No. of car spaces |
? |
1 |
? |
|
GIFA |
? |
335 m2 |
? |
|
Gross building area* |
? |
365 m2 |
? |
|
Land cost |
$2,500,000 |
$2,500,000 |
/ |
|
Total construction cost @ Oct 2025 |
? |
$1,400,000 |
? |
Gross building area*: The area of the building from the outside of exterior walls, excluding unenclosed exterior spaces such as decks, patios, or balconies.
|
Comparison between Scheme A and B |
|||
|
Estimate option |
Scheme A |
Scheme B |
Schemes B vs. A |
|
Total construction cost per house |
? |
$1,000,000 |
? |
|
Total construction cost per GIFA |
? |
$4,179 |
? |
|
Gross external Wall/Floor ratio |
? |
0.68 |
? |
|
Floor space ratio |
? |
0.75 |
? |
Summary and Recommendation
In this section, you are required to outline the advantages and disadvantages of each design scheme. Following this, you should provide a recommendation to the client, taking into account both the costs and other relevant factors derived from your comparative analysis of the schemes discussed previously. This will help the client make an informed decision based on a comprehensive understanding of the potential impacts of each option.