CONTENT

TASK 1
BUDGET FORECAST

TASK 2
ELEMENTAL COST PLAN

CALCULATIONS
PREVIOUS PROJECT( Cost Data)
REFERENCES

BUDGET FORECAST
PROJECT TITLE : "Care for Kids" Child care centre and nursery.
CLIENT
: UNIVERSITY OF SALFORD
LOCATION
: COLOMBO - PITAKOTTE
DATE
: DECEMBER 2013
CONSTRUCTION PERIOD : 10 months

BUILDING COST
RISK ( PHYSICAL CONTINGENCIES)
PRICE CONTINGENCIES
LAND & LEGAL COSTS(finance for 18 months)
PROFESSIONAL FEES (finance for 20 months)
COSTS OF FINANCE
COST OF FINANCE FOR BUILDING COST
COST OF FINANCE FOR LAND & LEGAL COSTS
COST OF FINANCE FOR PROFESSIONAL FEES
TOTAL CAPITAL COST
Rs.

Assumption
Let's assume Building cost is finance for 24 moths

centre and nursery.

Expences
58,209,774.44
4,074,684.21
2,910,488.72
32,000,000.00
4,656,781.96
14,808,566.62
6,276,719.22
1,025,377.00

123,962,392.17

Cost Plan no. 01

Proect Title: "Care for Kids" Child care centre and nursery.
Cost
Centre

Group Element / Element

BUILDING WORKS
Substructure

2
2.1
2.2
2.3
2.4
2.5
2.6
2.7
2.8

Superstructure
Frame
Upper Floors
Roof
Stairs
External Walls
Windows & External Doors
Internal Walls & partitions
Internal Doors
Total Superstructure

3
3.1
3.2
3.3

Internal Finishes
Wall Finishes
Floor Finishes
Ceiling Finishes
Total Internal Finishes

Fittings, furnishings and equipment

5
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
5.9
5.10
5.11
5.12
5.13

Services
Sanitary Installations
Services Equipment
Disposal Installations
Water Installations
Heat Source
Space Heating and Air Conditioning
Ventilation Systems
Electrical Installations
Fuel Installations
Lift and Conveyor Installations
Fire and Lightning Protection
Communication, Security and Control Installations
Specialist Installations

Cost /M2 of GIFA

7,605.98

2,600.87
14,668.32
3,891.94
5,223.12
14,938.60
2,680.24
44,003.09

2,832.92
3,200.24
772.63
6,805.79

1,238.12

7,219.12

8,917.74

5.14

Builders Work in Connection with Services

Total Services

6
6.1

Complete Buildings and Building Unit

prefabricated buildings

7
7.1
7.2
7.3
7.4
7.5
7.6

Work to existing Building

Minor demolition works and alteration works
Repairs to existing services
Damp-proof courses/ fungus and beetle eradication
Faade retention
Cleaning existing surfaces
Renovation works

8
8.1
8.2
8.3
8.4
8.5
8.6
8.7
8.8

External works
Site Preparation Works
Roads, Paths, Pavings and Surfacings
Soft Landscaping, Planting and Irrigation Systems
Fencing, Railings and Walls
External Fixtures
External Drainage
External Services
Minor Building Works and Ancillary Buildings
Total external works

9
9.1
9.2
9.3
9.4
9.5
9.6

19,300.08

519.52
1,919.39
1,867.04
1,804.78
1,533.47
3,489.65
11,133.85

Facilitating works
Toxic/Hazardous/Contaminated Material Treatment
Major Demolition Works
Temporary Support to Adjacent Structures
Specialist Ground Works
Temporary Diversion Works
Extraordinary Site Investigation
SUB-TOTAL: BUILDING WORKS

10
10.1
10.2

1,925.10

Main contractor's preliminaries

Employer's requirments
Main contractor's cost items
Total main contractor's preliminaries
SUB-TOTAL: BUILDING WORKS(including main
contractor's preliminaries)

88,848.79

1,776.98
4,442.44
6,219.42
95,068.20

11
11.1
11.2

Main contractor's overheads and profits

Main contractor's overheads
Main contractor's profit
Total Main contractor's overheads and profits
TOTAL: BUILDING WORKS ESTIMATE(A)

9,506.82
7,605.46
17,112.28
112,180.48

PROJECT/DESIGN TEAM FEES AND OTHER DEVELOPMENT

PROJECT
12
12.1
12.2
12.3

Project/design team fees

Consultant's fees
Main contractor's pre-construction fees
Main contractor's design fees

13

Other development/project costs

TOTAL: PROJECT/DESIGN TEAM FEES AND OTHER
DEVELOPMENT PROJECT COSTS ESTIMATE(B)
BASE COST ESTIMATE (C) [C= A+B]

14
14.1
14.2
14.3
14.4

Risks
Design development risks
Construction risks
Employer change risks
Employer other risks
TOTAL: RISK ALLOWANCE ESTIMATE (D)

COST LIMIT (excluding inflation) (E) [E= C+D]

15
15.1
15.2

Inflation
Tender inflation
Construction inflation
TOTAL: INFLATION ALLOWANCE (F)

3,365.41
2,243.61
3,365.41

8,974.44

121,154.92

2,423.10
2,423.10
1,817.32
1,817.32
8,480.84

129,635.76

1,296.36
1,309.32
2,605.68

COST LIMIT (excluding VAT assessment) (G) [G

=E+F]
16

VAT ASSESSMENT

132,241.44

15,868.97

nd nursery.
Total Cost of Element
(Target Cost)

5,308,974.67

1,815,403.95
10,238,484.85
2,716,571.83
3,645,741.01
10,427,142.86
1,870,810.56
30,714,155.05

1,977,374.79
2,233,768.24
539,299.00
4,750,442.04

864,209.85

5,038,946.42

6,224,580.87

1,343,719.05
13,471,456.19

362,627.47
1,339,732.13
1,303,192.48
1,259,736.61
1,070,364.44
2,435,773.18
7,771,426.31

62,016,454.25

1,240,329.08
3,100,822.71
4,341,151.80
66,357,606.05

6,635,760.60
5,308,608.48
11,944,369.09
78,301,975.13

2,349,059.25
1,566,039.50
2,349,059.25

6,264,158.01

84,566,133.14

1,691,322.66
1,691,322.66
1,268,492.00
1,268,492.00
5,919,629.32

90,485,762.47

904,857.62
913,906.20
1,818,763.83

92,304,526.29

11,076,543.15

TASK 1
Cost per m2 GIFA from previous cost annalysis of PreSchool project for Green volunteers at Nikawaratiya

75,545.12

Time adjustment (Inflation)

According to Table 4 of the ICTAD bulletin of construction statistics 2013 February
Previous Project 2011 Augest
New Project 2013 February
Percentage addition for inflation
Rate per GIFA after time adjustment (Rs.)

493.8
573.9
16%
87,799.40

Location Adjustment

Previous project's location was Nikaweratiya and current project going to established in Colom
So Material and Labour prices of new project will be less than previous project
We assume that percentage as
Rate per GIFA after location adjustment

-5%
83,409.43

TASK 2
1

Substructure
Time adjustment (Inflation)
According to Table 4 of the ICTAD bulletin of construction statistics 2013 February
Previous Project 2011 Augest
New Project 2013 February
Percentage addition for inflation
Rate per GIFA after time adjustment

493.8
573.9
16%
8,006.30

Location Adjustment

Previous project's location was Nikaweratiya and current project going to established in Colom
So Material and Labour prices of new project will be less than previous project
We assume that percentage as

-5%

Rate per GIFA after location adjustment

7,605.98

Superstructure

2.1

Frame
Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

2.3

2,600.87

Roof
Quantity adjustment
GIFA m2

Previous project
468

Roof Area m2

562

Cost per m GIFA Rs.

12,512.02

Time adjustment (inflation)

Rate per GIFA after time adjustment

15,440.33

Location adjustment
Rate per GIFA after location adjustment

2.5

2,737.75

14,668.32

External walls
Quantity adjustment
GIFA m2
Ext. wall Area m2

Previous project
468
512

Cost per m2 GIFA Rs.

4,404.06

Construction method adjustment

let's assume 60% more cost for cavity wall

3,524.98

Time adjustment (inflation)

Rate per GIFA after time adjustment

4,096.78

Location adjustment
Rate per GIFA after location adjustment

3,891.94

2.6

Windows and External Doors

Windows

1810x1210 5nrs
1360x1210 1nr
2935x1210 1nr
1585x600
1nr
460x250
1nr
Assumption made for w1 and w3 hights as 600mm and 250mm
Doors

910x2100
3385x2100
2710x2100
1697x2100
3160x2100
3835x2100
1585x2100

6nrs
4nrs
2nrs
2nrs
2nrs
1nr
1nr

Quantity adjustment
GIFA m2
Ext. windows and doors Area m2

40

Cost per m GIFA Rs.

2,822.22

Time adjustment (inflation)

Rate per GIFA after time adjustment

5,498.03

Location adjustment
Rate per GIFA after location adjustment

2,7

Previous project
468

5,223.12

Internal walls and partitions

Quantity adjustment
GIFA m2
Int. wall and partition Area m2
Cost per m GIFA Rs.
2

Time adjustment (inflation)

Rate per GIFA after time adjustment
Location adjustment

Previous project
468
238
6,538.46

14,938.60

Rate per GIFA after location adjustment

2.8

Internal Doors
Quantity adjustment
GIFA m2
Internal Doors nr

15
1,108.33

Time adjustment (inflation)

Rate per GIFA after time adjustment

2,821.31

Internal Finishes

3.1

Wall finishes
Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

2,680.24

2,982.02

2,832.92

Floor finishes
Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

3.3

Previous project
468

Cost per m2 GIFA Rs.

Location adjustment
Rate per GIFA after location adjustment

3.2

14,938.60

3,368.67

3,200.24

Ceiling finishes
Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

813.30

772.63

Services

5.1

Sanitary appliances
Quantity adjustment
GIFA m2
Sanitary appliances nr
Cost per m2 GIFA Rs.
Time adjustment (inflation)
Rate per GIFA after time adjustment
Location adjustment
Rate per GIFA after location adjustment

Previous project
468
22
919.87

1,303.29

1,238.12

Assume all the appliances shall be of American Standards, TOTO(Original or equalent.

5.4

Water installations
Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

5.8

7,599.07

7,219.12

Electrical installations
Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

9,387.09

8,917.74

5.14 Builder's work in connection with services

Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

2,026.42

1,925.10

External Work

8.1

Site preparation
Quantity adjustment
GIFA m2
Site preparation m2

341.88

Time adjustment (inflation)

Rate per GIFA after time adjustment

546.87

Location adjustment
Rate per GIFA after location adjustment

519.52

Roads, paths and pavings

Quantity adjustment
GIFA m2
Roads, paths and pavings m2

Previous project
468
205

Cost per m2 GIFA Rs.

1,335.47

Time adjustment (inflation)

Rate per GIFA after time adjustment

2,020.41

Location adjustment
Rate per GIFA after location adjustment

8.3

1062

Cost per m GIFA Rs.

2

8.2

Previous project
468

1,919.39

Soft Landscaping, Planting and Irrigation Systems

Quantity adjustment
GIFA m2
Soft Landscaping, Planting and Irrigation Systems m 2

Previous project
468
1062

Cost per m2 GIFA Rs.

1,228.63

Time adjustment (inflation)

Rate per GIFA after time adjustment

1,965.30

Location adjustment
Rate per GIFA after location adjustment
8.4

Fencing, Railings and walls

Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

8.6

Location Adjustment
Rate per GIFA after location adjustment

1,804.78

1,614.18

1,533.47

Minor Building Works and Ancillary Buildings

Time adjustment (Infltion)
Rate per GIFA after time adjustment
Location Adjustment
Rate per GIFA after location adjustment

Assumptions made

10 Main contractor's preliminaries

10.1 Employer's requirments 2% of Building Works Estimate
10.2 Main contractor's cost items 5% of Building Works Estimate
11

Main contractor's overheads and profits

Main contractor's overheads 10% of BUILDING
11.1
WORKS(including main contractor's preliminaries)
11.2

1,899.77

External Drainage
Time adjustment (Infltion)
Rate per GIFA after time adjustment

8.8

1,867.04

Main contractor's profit 8% of BUILDING WORKS(including

main contractor's preliminaries)

12 Project/design team fees

12.1 Consultant's fees 3% of works cost estimate

3,673.31

3,489.65

12.2

Main contractor's pre-construction fees 2% of works cost

estimate

12.3 Main contractor's design fees 3% of works cost estimate

14
14.1
14.2
14.3

Risks
Design development risks 2% of Base cost estimate
Construction risks 2% of Base cost estimate
Employer change risks 1.5% of Base cost estimate

14.4 Employer other risks 1.5 of Base cost estimate

15 Inflation
15.1 Tender inflation 1% of cost limit (excluding inflation)
Construction inflation 1% of cost limit (excluding
15.2
construction inflation)
16

VAT ASSESSMENT
Lets assume that Consultants and Main Contractors are
VAT registered and therefore Client has to pay 12% VAT
charges

(I found that percentages from the Proffessionals in Srilankan construction Industry)

13 February

g to established in Colombo
s project

13 February

g to established in Colombo
s project

New Project
698
890
13,285.30

New Project
698
382
2,203.11

1810
1360
2935
1585
460
910
3385
2710
1697
3160
3835
1585

New Project
698
100
4,730.66

New Project
698
811
14,938.60

1210 1810x1210
1210 1360x1210
1210 2935x1210
600 1585x600
250 460x250
2100 910x2100
2100 3385x2100
2100 2710x2100
2100 1697x2100
2100 3160x2100
2100 3835x2100
2100 1585x2100

5
1
1
1
1
6
4
2
2
2
1
1

New Project
698
49
2,427.54

New Project
698
40
1,121.39

ginal or equalent.

New Project
698
2180
470.54

New Project
698
398
1,738.42

New Project
698
2180
1,691.00

uction Industry)

10.9505
1.6456
3.55135
0.951
0.115
11.466
28.434
11.382
7.1274
13.272
8.0535
3.3285
100.27685

Cost Plan no. 01

Project Title: Nikaweratiya P

Element

Total cost

SUBSTRUCTURE
SUPERSTRUCTURE
Frame
Upper Floors
Roof
Stairs and Ramps
External Walls
Windows and External Doors
Internal Walls and Partitions
Internal Doors
Total Superstructure
INTERNAL FINISHES
Wall Finishes
Floor Finishes
Ceiling Finishes
Total Internal Finishes
FITTINGS, FURNISHINGS AND EQUIPMENT
SERVICES
Sanitary Installations
Services Equipment
Disposal Installations
Water Installations
Heat Source
Space Heating and Air Conditioning
Ventilation Systems
Electrical Installations
Fuel Installations
Lift and Conveyor Installations
Fire and Lightning Protection
Communication, Security and Control Installations
Specialist Installations
Builders Work in Connection with Services
Total Services
PREFABRICATED BUILDING AND BUILDING UNITS
WORK TO EXISTING BUILDING
Minor Demolition and Alteration Works
Total Work to Existing Building
BUILDING SUB-TOTAL
EXTERNAL WORKS
Site Preparation Works
Roads, Paths, Pavings and Surfacings
Soft Landscaping, Planting and Irrigation Systems
Fencing, Railings and Walls

3,223,980.00

1,102,440.00
5,855,625.00
2,061,100.00
1,320,800.00
556,500.00
518,700.00
11,415,165.00

1,200,800.00
1,356,500.00
327,500.00
2,884,800.00

430,500.00

3,060,000.00

3,780,000.00

816,000.00
8,086,500.00

160,000.00
625,000.00
575,000.00
765,000.00

External Fixtures
External Drainage
External Services
Minor Building Works and Ancillary Buildings
Total External Works
FACILITATING WORKS
Toxic/Hazardous/Contaminated Material Treatment
Major Demolition Works
Temporary Support to Adjacent Structures
Specialist Ground Works
Temporary Diversion Works
Extraordinary Site Investigation
Total Faciltating Work

TOTAL: BUILDING WORK

MAIN CONTRACTORS PRELIMINARIES
MAIN CONTRACTORS OVERHEAD & PROFIT
CONTRACT TOTAL (excluding contingencies and fees)
PROJECT/DESIGN TEAM FEES
OTHER DEVELOPMENT/PROJECT COSTS
RISK (CLIENTS CONTINGENCIES)
TOTAL CONTRACT/PROJECT COST*

650,000.00
1,479,171.50
4,094,171.50

29,704,616.50
5,650,500.00
35,355,116.50

1,767,755.83
42,773,372.33

t Title: Nikaweratiya Pre-school project

Cost per m2 GIFA
6,888.85

2,355.64
12,512.02
4,404.06
2,822.22
1,189.10
1,108.33
24,391.38
2,565.81
2,898.50
699.79
6,164.10

919.87

6,538.46

8,076.92

1,743.59
17,278.85

341.88
1,335.47
1,228.63
1,634.62

1,388.89
3,160.62
8,748.23

63,471.40
12,073.72
75,545.12

3,777.26
91,396.09

REFERENCES
RICS ,2009, New Rules of Measurement, Coventry CV4 8JE, Royal Institution of Chartered
Surveyors (RICS)
Surveyor Court

RICS, 2012, Elemental Standard Form of Cost Analysis, 4th (NRM) Edition, London, BCIS

February-2013, ICTAD Bulletin of Construction Statistics, volume 23 No.02, Colombo 07, ICTAD

NATIONAL PROCUREMENT AGENCY, 2006, Democratic Socialist Republic of Sri Lanka

PROCUREMENT GUIDELINES 2006, Colombo 08, Department of Government Printing
2011, Bill of Quantities for the construction and completion of pre-school at Nikaweratiya for
Lanka Green Volunteers