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Cost Planning

The document discusses cost planning which involves more than just providing an estimate - it represents the estimated cost of a project in a structured format. The cost plan allows for pre-construction cost control and construction cost management. It outlines the budget, outline cost plan, and scheme design cost plan processes. Key aspects covered include definitions of a budget, outline cost plan, and scheme design cost plan.

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junlab0807
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272 views2 pages

Cost Planning

The document discusses cost planning which involves more than just providing an estimate - it represents the estimated cost of a project in a structured format. The cost plan allows for pre-construction cost control and construction cost management. It outlines the budget, outline cost plan, and scheme design cost plan processes. Key aspects covered include definitions of a budget, outline cost plan, and scheme design cost plan.

Uploaded by

junlab0807
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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COST PLANNING

WHAT???

COST PLAN IS NOT AN ESTIMATE


REPRESENTATION OF THE ESTIMATED COST IN A STRUCTURED FORMAT
OR IS AN ANALYSIS OF A CLIENTS PRE-DETERMINED BUDGET SUM WITHIN
WHICH THE DESIGN MUST PROGRESS
ALLOWS PRE-CON COST CONTROL & CON COST MGT

PROCESS??

BUDGET - INCEPTION & FEASIBILITY


OUTLINE COST PLAN - OUTLINE PROPOSALS
SCHEME DESIGN COST PLAN - SCHEME DESIGN
CONTINUOUS COST CHECK - DETAIL DESIGN

DEFINITIONS.??

1. BUDGET
TOTAL EXPENDITURE AUTHORISED BY EMPR
MAXIMUM COST THAT CAN BE EXPENDED
INFORMATION REQD:-
PROJECT PARTICULARS (LOCATION/AREAS/STOREYS)
GEN STATEMENT OF QUALITY & SPECIFICATION
LIKELY BASIS - TOTAL COST PER m OR FUNCTIONAL UNIT
USE HISTORICAL DATA ADJUSTED FOR JOB PARTICULARS
GENERATED FROM COST ANALYSES OF PAST PROJECTS OF SIMILAR TYPE

2. OUTLINE COST PLAN


DETAILS COST TARGETS FOR MAIN ELEMENTS OF A BUILDING WITH APPROX
ELEMENTAL QUANTITY
OBJECTIVE = SET OCST TARGETS FOR MAIN ELEMENTS
AS DESIGN DEVELOPS, TARGETS ARE CHECKED AND ADJUSTMENTS MADE
PROVIDE OPPORTUNITY FOR PRELIMINARY CONSIDERATION OF LCC
INFO REQD:-
OUTLINE DWGS INDICATING ALTERNATIVE PROPOSALS
EMPRS BRIEF RE QUALITY / SPECIFICATIONS
METHODS :-
LIKELY BASIS = APPROX ELEMENTAL QUANTITIES / ELEMENT COST
USE HISTORICAL DATA ADJUSTED FOR PARTICULARS
COMPARE WITH SIMILAR PREVIOUS PROJECTS

3. SCHEME DESIGN COST PLAN


DESIGN PROPOSALS SELECTED, OUTLINE DWGS EMERGE
INFO INCLUDE SECTION & ELEVATION, FINISHES, PLANS
DETAILS COST TARGETS FOR ALL OR MOST OF THE ELEMENTS
OBJECTIVES;
SET OUT DISTRIBUTION OF RESOURCES DESCRIBED BY SCHEME DSN
SET COST TARGETS FOR ALL ELEMENTS

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