COST CALCULATOR

Forecast

Single Storey domestic construction, minimal specialist and service areas, 35-45m2 GFA per bed.

Air-conditioned

Attached

Please note that the appearance of this message does not indicate an error within the system. Where 'Base index not found' is displayed in the Tender Price Index module, the system has been unable to locate a value, as the user-selected date parameter is outside the beginning or the end of the series. The explanation is that, for example, the indexation series for some cities commences at January 2000, whereas others commence at January 2004.

The Bid Price Index facility enables the user to identify general levels of construction tender pricing in one of two ways:

1 By location: Identification of bid price index percentage difference at a selected point in time, between two user-selected locations. The Base Location selected by the user is the 'starting point' against which the difference is measured in percentage terms. The Alternative Location is the user's chosen comparison location. A positive answer depicts a market in which the general level of bid pricing in the Altenative Location exceeds, or is forecast to exceed, that of the Base Location.

2 By date: Identification of bid price index percentage movement in a given location, over a selected period of time. The Base Date selected by the user is the 'starting point' against which movement is measured in percentage terms. The Alternative Date is the user's chosen date for comparison. A positive answer depicts a market in which the general level of bid pricing has risen, or is forecast to rise, over the selected time period.

Building works including substructure, structure, finishings, fittings, management items, and builder's work in connection with services. General exclusions are: Loose furniture and fittings, subdivision partitions in office buildings, private telephone systems, tenancy works, site works and drainage, land cost, legal and professional fees, interest/opportunity cost on money, sales and other value added taxes.

Billion, defined as 1,000 million, 1x109 and always expressed to 3 decimal places after the point, e.g. 1bn = 1.000bn

Central Business District

Construction Floor Area: the area of all building enclosed covered spaces, measured to the outside face of the external walls including covered basement and above ground car park areas.

Construction Floor Area: the area of all building covered spaces, measured to the outside face of the external walls.

CBD locations incur penalties for restricted sites and perimeter conditions.

Minimal External Walling.

Exclusions: Projection equipment, seating.

Please note that the appearance of this message does not indicate an error within the system. Where 'Comparator index not found' is displayed in the Tender Price Index module, the system has been unable to locate a value for the Alternative Location's or the Alternative Date's index, as the user-selected date parameter is outside the beginning or the end of the series. The explanation is that, for example, the indexation series for some cities commences at January 2000, whereas others commence at January 2004.

The Construction Cost Indicator is a facility through which the user can obtain an indication of the likely general level of construction cost in a given location at the date shown below the result of the search. The costs stated in this section reflect the standards and specifications normal to the country or Region. Variations in cost may be experienced for factors such as site conditions, climatic conditions, standards of specification, market conditions etc. General exclusions are: Loose furniture and fittings, subdivision partitions in office buildings, private telephone systems, tenancy works, site works and drainage, land cost, legal and professional fees, interest/opportunity cost on money, sales and other value added taxes.

Construction Cost Indicative figures include Building Works and Building Services. Range of cost depicts current building costs expected should tenders be called in the respective city. General exclusions are: Loose furniture and fittings, subdivision partitions in office buildings, private telephone systems, tenancy works, site works and drainage, land cost, legal and professional fees, interest/opportunity cost on money, sales and other value added taxes.

Furniture, Fittings and Equipment.

Floor

Gross Floor Area: Total of all floor areas, measured to internal face of external wall; includes unenclosed floor areas, but EXCLUDES areas of other building types, e.g. Car Parking structures (whether below or above ground) integrated within an office building.

High, in respect of the Rider Levett Bucknall Construction Cost Indicator, is the upper end of a range of cost levels. The range of cost levels is affected by multiple factors interacting together, including but not limited to, building shape, size, location, orientation, specification, internal efficiency and timing of receipt of tenders for the works.

85-110m2 GFA per Room Total, unless otherwise stated; 45-55m2 GFA per Room Accommodation; 40-55m2 GFA per Room Public Space; EXCLUDING FF&E unless otherwise stated.

65-85m2 GFA per Room Total, unless otherwise stated; 40-45m2 GFA per Room Accommodation; 25-40m2 GFA per Room Public Space; EXCLUDING FF&E unless otherwise stated.

40-65m2 GFA per Room Total, unless otherwise stated; 30-40m2 GFA per Room Accommodation; 10-25m2 GFA per Room Public Space; EXCLUDING FF&E unless otherwise stated.

Quality reflects a simplified form of construction suitable for light industry. Exclusions: Hardstandings, Roadworks and Special Equipment.

Investment Grade offices are buildings designed for the mid-range of their respective rental markets.

Low, in respect of the Rider Levett Bucknall Construction Cost Indicator, is the lower end of a range of cost levels. The range of cost levels is affected by multiple factors interacting together, including but not limited to, building shape, size, location, orientation, specification, internal efficiency and timing of receipt of tenders for the works.

Million, 1x106 and always expressed to 3 decimal places after the point, e.g. 1M = 1.000M

Mechanical, Electrical and Plumbing.

Fully finished and serviced space.

Market Sector Activity diagrams show the general movement of market activity in the respective sectors of the construction industry at an identified location, at a given point in time. When collated for a Region, they show, in percentage terms, the proportion of locations in which a particular market sector is, at that point in time, in the Trough Zone, the Mid Zone or the Peak Zone.

Pre-Cast Concret

Prestige office buildings are defined as landmark office buildings located in major CBD office markets and which are pace-setters in establishing rents.

Low-rise hospital with minimal operating theatre capacity, including specialist and service areas; excluding loose furniture, special medical equipment.

Low-rise hospital with major operating theatre capacity, including extensive specialist and service areas; excluding loose furniture, special medical equipment.

In Hotels; Public space includes Service areas.

Partially finished, suspended ceilings, unpainted walls. Excluding Floor Finishes, Shop Fittings etc..

Fully finished and serviced space. Excluding Cool rooms, shop fittings, refrigeration equipment etc..

Reflective of medium to luxury quality, air-conditioned accommodation up to 80 storeys. (Range given is significantly affected by building height, configuration and plumbing point ratios. Exclusions: Loose furniture, special fittings, white goods).

Reflective of medium quality, non air-conditioned accommodation. (Range given is significantly affected by building height, configuration and plumbing point ratios. Exclusions: Loose furniture, special fittings, white good

Refers to shape, orientation of building and GFA of units, together with wet areas and wet-points ratios.

Kitchen, Laundry, Bathroom and Shower areas.

Plumbing points within Wet areas.

Washing machines, dryers, refrigerators, and the like.

Excluding Floor finishes, plumbing (other than hot and cold wter to sink fittings in each shop), shop fittings and air-conditioning.

Partially finished, with ceilings, unpainted walls, power to perimeter point. Excluding Floor Finishes, shop fittings and air-conditioning.

Indicates a Car Park structure which is a standalone entity, not in association with another building type.

Square foot/feet

Square Feet - This is the toggle in the Construction Cost Indicator. Users clicking on this button will convert the answer shown in the Indicator into Currency per square foot. If the calculation already shows Currency per square foot, no change will be effected.

"The Tender Price Index facility enables the user to identify general levels of construction tender pricing in one of two ways:

1 By location: Identification of tender price index percentage difference at a selected point in time, between two user-selected locations. The Base Location selected by the user is the 'starting point' against which the difference is measured in percentage terms. The Alternative Location is the user's chosen comparison location. A positive answer depicts a market in which the general level of tender pricing in the Altenative Location exceeds, or is forecast to exceed, that of the Base Location.

2 By date: Identification of tender price index percentage movement in a given location, over a selected period of time. The Base Date selected by the user is the 'starting point' against which movement is measured in percentage terms. The Alternative Date is the user's chosen date for comparison. A positive answer depicts a market in which the general level of tender pricing has risen, or is forecast to rise, over the selected time period."

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