Design Economics and Cost Planning

Question 1

Can you tell me what a good Net:Gross is on a project you have worked on?

Answer 1

70% - 80%.

Question 2

Can you tell me what a good Wall:Floor is on a project you have worked on?

Answer 2

0.35 - 0.45

Question 3

Your PwC Glasgow project you mention using Benchmarked data. What are some factors to consider when using benchmarked data?

Answer 3

1) Location
2) Time / Inflation
3) Project abnormals

Question 4

PwC Manchester you said it was £25/ft2. This seems very small, what was the scope?

Answer 4

This £25/sqft was a minor refresh of their existing office. So there were no new partitions, doors, minor wall and floor finishes although no ceiling finishes. Included Client Directs. So 750k of Construction Costs.

Question 5

What was the GIA of PwC Manchester?

Answer 5

6,748m2 - total budget of £1.96m.

Question 6

Why had the costs increased from Stage 3 to 4?

Answer 6

The Client was under a strict budget and wanted to save on Design Fees. As a result, the Stage 3 design that was issued was based off of floor plans without a detailed specification schedule or report.

Question 7

Your ITB Project, how did you advise the Client?

Answer 7

I advised on the key changes since the previous cost plan issued, as well as detailed the items which were design development, inflation, and which costs were to be attributed to a third party.