The Quantity Surveying webpages will outline the feasibility of the development which is explored further in the real estate webpages, as well as exploring the cost plan for construction and whole life costing of the two strctures proposed.
An appropriate procurement and tendering strategy which can be used for the proposed development is discussed in further detail and is compliant with the site location in Friedrichshain, Berlin and beneficial to the client given their preferences and site context.
One main contract form is suggested for use on this proposed project and justifications are included. An alternative contract is also outlined should the client choose to pursue greater financial risk.
Initial cost plans have been created for a 2027 development which is in alignment with the planning approval timeline of 2-5 years. Cost plans have been developed from the specifications and using historic project data sourced from the Building Cost Information Service (BCIS). Two historic projects were used as a basis for the cost plan development as the proposed project has one new build construction and one conversion/redevelopment to ensure the developed cost plans have increased accuracy. As the proposed project site is in Berlin all costs have been rebased to London before converting to the Berlin market using market indices and exchange rates from Great British Pounds to Euros. A cashflow analysis shows projected spenditure at periodic points over the anticipated construction timeline and is based upon the programming of works.
Building upon the cost plans, whole life costing has been detailed to include consdierations for maintenance and running costs of the buildings.
Working alongside the Real Estate team elements of the project have undergone value management to ensure the project is profitable. One key element that has undergone value management is using a steel frame structure for the new building as opposed to using a concrete frame, this provides structual integrity whilst reducing costs of the superstructure. To increase the client's profit margin further value management can be conducted through the design of the contract within a selected secondary clause.
Installation of services is included to align with the client brief for sustainability and also optimised through the use of BIM to reduce conflicting services from design stage, build, and ultimate use of the buildings.
Further developments are also suggested for the site that are in line with market conditions and building regulations.
Kirsty Peach (QS)