before we count the bricks we cost plan

“Before we count bricks

we cost plan”

A Cost Planning Presentation

Nick Dean

Wednesday 16th April 2014

1

DBK Cost Planning

Protocol

What should I expect from my QS ?

2

1. Product

2. Process

3. Some Examples

4. Questions

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4

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Offices

Birmingham

London

Manchester

Bournemouth

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Sectors

Data / Education / Health / Hotels / Industrial

Mixed Use / Offices / Residential / Retail

Sports & Leisure / Student Accommodation

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Services

Building Surveying / Cost Consultancy

Expert Witness / Health & Safety

Project Management / Residential Consultancy

Sustainability / Utilities

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Product

12

50p each13

45p each14

Initial Questions

Why ?

Appropriate ?

Client objectives ?

Information required ?

Nature and scope of scheme understood ?

Is the QS fully briefed ?

Timescales ?

15

Questions After Cost Plan Issue

QA ?

Authorised ?

Information provided?

Client presentation?

Design team presentation?

16

Contents

Scope of Works

Objectives

17

Inflation Forecast

Document is base dated

Inflation during the estimated construction period

Deferment period from the base date

(included or excluded?)

Current market forecasts

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19

Cost Analysis

Site Abnormals

Basebuild (Shell & Fit Out)

Tenants Requirements

External Works

Preliminaries/ OH & P/ Design Fees/ Contingencies

20

Financial Data

£ / ft2 or m2

Nett saleable area (Residential & Offices)

Gross Internal area (Industrial)

£ / bedroom (Hotel & Student Acc’n)

£ / car space

21

Schedule of Areas

Functional Data

22

Cost Basis

Exclusions

23

Risk Register

Cost & Value Engineering

Reconciliation

24

Any Questions ?

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Process

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The Way To Get Lost

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The Way To Success

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Not simply cost allowances

Design team “buy in”

Properly communicated

Conveys an obligation on design team

A Robust Cost Plan

31

Surveys / SI & GI investigations

Reports / New legislation

Specifications / Drawings / Areas

Programme / Procurement

Quotes / Client & 3rd party requirements

Monitoring

32

Latest Formal Budget

Interim reporting

Pre-tender estimates

Post tender

Cost Reporting

33

Tender returns

Evaluation

Cost Feedback

34

Any Questions ?

35

Some Examples

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How much for an industrial shed ?

Industrial

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How much for an office ?

Offices

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How much for a residential scheme?

Residential

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50

How much for a hotel bedroom?

Hotels

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How much for a students bedroom?

Student Accommodation

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How much for a retail unit ?

Retail

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Any Questions ?

65