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Building Cost Estimates

Chapter 15. Building Cost Estimates. Cost Data Sources Cost Estimating Services Marshall and Swift, R.S. Means, etc. Cost Index Trending The subject cost $750,000 to build seven years ago, so it should cost $875,000 today. . Cost-Estimating Methods Comparative-Unit Method

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Building Cost Estimates

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  1. Chapter 15 Building Cost Estimates

  2. Cost Data Sources • Cost Estimating Services • Marshall and Swift, R.S. Means, etc. • Cost Index Trending • The subject cost $750,000 to build seven years ago, so it should cost $875,000 today. Chapter 15

  3. Cost-Estimating Methods • Comparative-Unit Method • Usually done by appraisers • Usually done with a cost per sq. ft. • Unit-in-Place Method • Reflects individual parts of construction with all trades and components represented in that part included • The cost of a linear foot of wall in place, including all costs Chapter 15

  4. Table 15.1 Example of Unit-in-Place Method of Estimating Reproduction Cost New Chapter 15

  5. Quantity Survey Method • Estimating cost based on every part and every cost • Very time-consuming and not usually done by appraisers Chapter 15

  6. Problems • Suggested solutions begin on page 365. Chapter 15

  7. Problem 6 Chapter 15

  8. Problem 6 Chapter 15

  9. Problem 7 Chapter 15

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