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Source Approved Integrated Campus Planning System projects with start dates between 2010 and 2016 excluding infrastructure projects. Institutions should use the Other category as a proxy when submitting projects in categories without a reported standard. Per Board rule 17. 100 4 this seven-year average cost calculation is adjusted for inflation using ENR s Building Costs Index and Location using RSMeans Location Adjustment Factor. The Higher Education Coordinating Board Project Construction...

How to fill out project construction cost analysis

How to fill out project construction cost analysis

1. Understand the scope and objectives of the project construction cost analysis.
2. Gather all relevant project documents, including the project plans, specifications, and contract documents.
3. Identify and list all the direct and indirect costs associated with the project, such as materials, labor, equipment, permits, and overhead expenses.
4. Break down the costs into individual line items and allocate them to specific project activities or tasks.
5. Estimate the quantities and unit costs for each line item, considering factors like market prices and inflation.
6. Calculate the total cost for each line item by multiplying the quantity and unit cost.
7. Sum up all the line item costs to obtain the total project construction cost.
8. Consider any contingency or risk factors that may affect the cost and include them in the analysis.
9. Review and validate the cost analysis to ensure accuracy and completeness.
10. Present the project construction cost analysis to stakeholders, such as clients, contractors, or project managers.

Who needs project construction cost analysis?

1. Construction companies and contractors who are bidding on construction projects.
2. Project owners and clients who want to assess the feasibility and affordability of a construction project.
3. Architects and engineers who need to estimate the cost of materials and resources for designing and planning purposes.
4. Government agencies and regulatory bodies who need to review and approve the financial aspects of construction projects.
5. Financial institutions and lenders who require a detailed cost analysis before providing funding for construction projects.

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