2

GFA = 500 m
Total cost/m2 GFA = 1,500.00 NZ$
2
Cost/m (Group Element) = % x Total cost/m2 GFA
Total Cost = GFA x Cost/m2 (Group Element)

Percentage Cost/m2 GFA Total Cost

Group Element (%) (NZ$) (NZ$)
Substructure 20% 300 150,000
Superstructure 40% 600 300,000
Services 12% 180 90,000
Furniture & Fittings 13% 195 97,500
Finishes 15% 225 112,500
Total building cost 1,500 750,000

External works & infrastructure 15% of building cost 112,500

Total building cost & infrastructure 862,500

3% of building &
Preliminaries infrastructure 25,875
Subtotal 888,375
Contingencies 5% of subtotal 44,419
Roundup 932,794
Total project cost 933,000