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Submitted by Admin
It is always good practice to prepare a budget for the proposed works prior to commencement. It will assist you in the attaining of finance and allow you to explore alternative construction of methods to meet your budget.
It is possible to estimate cost by using a square metre basis for the proposed area of new works and values can be fairly accurate. However, this exercise should be attempted with the assistance of a suitably qualified professional or publication. The internet and even the yellow pages are also a source of information, one can make inquiries to obtain indicative rates or schedules for the various trades. You may even come across a contractor who you feel was quite helpful which may be utilised on your project.
For more indicative costing, one can “breakdown” (as shown below) the project into its various trade components and apply associated rates or schedules which can be obtained from the building industry or related publications. (i.e.; Cordell Building Publications and The Rawlinsons Group).
Cost Break Down Components
Council & Statutory Authority Fees
Architectural & Engineering Design & Documentation
Preliminaries (Includes Supervision & Site Establishment etc )
External Wall (Brick Work or Cladding)
Interior Lining (Plaster Board or Render)
Joinery (Doors, Hardware, Stairs, Skirting etc)
Wall & Floor Tiling