The Full Elemental Cost Plan should be reviewed against SPONS David Langson (2012) to check the validity of the pricing.

Total habitable (usable) floor area: 2,104m2

Building Prices Per Square Metre:

Item: Uniclass D8: Residential Facilities – Apartments/flats generally standard quality: 2-5 storeys:

Range - £830.00 to £1050.00/m2

Reference prices can be increased by an inflationary indices value from The Bank of England calculated at 1.390:

500-1000m2, Range - £1153.70 to £1459.50/m2

The total Cost per m2 taken from the Full Elemental Cost Plan is £2,028.06/m2 and is therefore comparatively expensive when compared to other projects of this nature. Consideration should be made towards the reference Unicass assigned to the rates. Whilst this Uniclass is the most appropriate class to review the rate against, it only considers a new build and does not consider the cost of demolition and refurbishment. With this in mind, it can be assumed that the rate is comparable to other projects of this nature and type.