Hydroculture Greenhouse

17 LINE COST FORMULA COMPUTATION TOTAL COST

CONSTRUCTION COST
1. Building Cost Total Building Floor Area x Cost per m 2 9978sqm x 4599[1] 45,888,822.00
2. Equipment Cost 8% to 15% of Line 1 45,888,822.00 x 1% 4,588,882.20
3. Premium Cost 3% of Line 1 45,888,822.00 x 3% 1,376,664.66
4. Contingencies 5% to 10% of Line 1 45,888,822.00 x 8% 3,671,105.76
5. Construction Cost Sum of Lines 1-4 Total 55,525,474.62
6. Escalation Cost 1% to 5% of Line 5 55,525,474.62 x 3% 1,665,764.24
7. Total Construction Sum of Lines 5-6 Total 57,191,238.86
Cost
CAPITAL & OTHER COST
8. Professional Fee 3% to 12% of Line 1 45,888,822.00 x 12% 5,506,658.64
9. Site Acquisition Lot Area x Land Market Value per m 2
82,624sqm x 800.00 [2]
66,099,200.00
Cost
10. Land Dev't and (TLA - Building Footprint) (82,624 - 12716.5) x 800.00 55,126,000.00
Site Improvement x Cost per m2
Cost
11. Fixed Equipment 8% of Line 10 55,126,000.00 x 8% 4,410,080.00
Cost Including
Outside Utilities
12. Miscellaneous 5% of Line 1 45,888,822.00 x 5% 2,294,441.10
13. Contingencies 5% of Line 8 to 11 Total x 5% 10,491,355.09
and Other Cost
14. Total Capital Sum of Lines 8 to 13 Total 143,927,734.83
and Other Cost

PROJECT DEVELOPMENT COST

15. Project Cost Sum of Lines 7 to 14 Total 345,046,708.52
16. Owner's 5% of Line 1 45,888,822.00 x 5% 2,294,441.10
Contingencies
17. Total Development Sum of Lines 15 & 16 Total 347,341,149.62
Cost

[1]
Construction Cost for Greenhouse Building Type Source: PSA Statistics from Approved Building Permits
[2]
Land Market Value per sqm from Tax Declaration of Real Property