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This is a typical characteristic of design & build projects; construction is often a concurrent activity with design. The design stages and construction stages progress hand in hand for a great part of the project duration.
Commissioning is the only independent activity and can only be carried out when both design and construction stages are completed.
Function Floor Area (m2) Levels Cordell's Rate ($/m2) Total Cost
Office 950 13 $1,460 $18,031,000
Retail 1080 3 $1,148 $3,719,520
Basement 820 3 $638 $1,569,480
Sub-Total $23,320,000
Project Overheads, 20% $4,664,000
Sub-Total $27,984,000
GST, 10% $2,798,400
Sub-Total $30,782,400
Profit, 5% $1,539,120
Sub-Total $33,580,800
Demolition $350,000
Project Cost $33,930,800
Estimate of the cost of construction of the project...
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