Admin Office Building

17 LINE COST FORMULA COMPUTATION TOTAL COST

CONSTRUCTION COST
1. Building Cost Total Building Floor Area x Cost per m 2 286.15 x 50000[1] 14,307,500.00
2. Equipment Cost 8% to 15% of Line 1 14,307,500.00 x 1% 1,430,750.00
3. Premium Cost 3% of Line 1 14,307,500.00 x 3% 429,225.00
4. Contingencies 5% to 10% of Line 1 14,307,500.00 x 8% 1,144,600.00
5. Construction Cost Sum of Lines 1-4 Total 17,312,075.00
6. Escalation Cost 1% to 5% of Line 5 17,312,075.00 x 3% 519,362.25
7. Total Construction Sum of Lines 5-6 Total 17,831,437.25
Cost
CAPITAL & OTHER COST
8. Professional Fee 3% to 12% of Line 1 14,307,500.00 x 12% 1,716,900.00
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 14,307,500.00 x 5% 715,375.00
13. Contingencies 5% of Line 8 to 11 Total x 5% 6,367,609.00
and Other Cost
14. Total Capital Sum of Lines 8 to 13 Total 134,435,164.00
and Other Cost

PROJECT DEVELOPMENT COST

15. Project Cost Sum of Lines 7 to 14 Total 286,701,765.25
16. Owner's 5% of Line 1 14,307,500.00 x 5% 715,375.00
Contingencies
17. Total Development Sum of Lines 15 & 16 Total 287,417,140.25
Cost

[1]
Construction Cost for Office / Commercial Building Type Source: ARCADIS Philippines Inc.
[2]
Land Market Value per sqm from Tax Declaration of Real Property