If we will be using the 45% default for the Construction Cost, How do I determine the Construction Cost? Is it the Constact Amount Value Less the Electrical,Mechanical,Eqpt,Specialty Eqpt. costs? then the amount to multiply by 45% to get the default? Pls. advise.. thanks
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Abdulrahman Sherazy
LEED AP bd+c - Sr. ArchitectMidrar Development Management
21 thumbs up
October 4, 2012 - 1:45 am
The construction cost you will multiply by 45% is the hard cost only in CSI MasterFormat 2004 Edition, divisions:
Division 03 Concrete
Division 04 Masonry
Division 05 Metals
Division 06 Wood, Plastics, and Composites
Division 07 Thermal and Moisture Protection
Division 08 Openings
Division 09 Finishes
Division 10 Specialties
Division 31.60.00 Foundations
Division 32.10.00 Paving
Division 32.30.00 Site Improvements
Division 32.90.00 Planting
Benjie Herrera
LEED AP BD+C ,Homes,IDC,OM26 thumbs up
October 4, 2012 - 7:54 am
We just started construction. Will that mean we will have to obtain budgeted cost of item per item divisions? What do you mean by hard costs only? Are these hard costs cover only direct cost and will not include the indirect costs like overhead/burdens/general requirement expenses/adm.overhead/etc?
is it right to just get the contract amt. value less electrical,mechanical,equipment,specialty equipment, etc?
Please advise on the proper procedure to get the Construction Cost.Thanks