Need a wall removed or an extension built but don't know how much it will cost? No matter what the job, Property Services can provide your department with a professional cost estimate for building, renovating or maintenance projects.
Contact your Facility Manager for assistance.
Estimating
| Estimates | Description | Typical estimate tolerance |
|---|---|---|
| Programme Figure | This is a broad figure given at conceptual discussion for feasibility | +/- 50% |
| Rough Order of Costs (R.O.C) | A figure usually given based on cost for similar work. May be square metre rates (m2) | +/- 30% |
| Preliminary Assessment of Costs (P.A.C) | This estimate had been prepared based on preliminary design documentation | +/- 20% |
| Final Estimate of Costs (F.E.C) | An estimate based on final developmental design and documentation normally to consenting standards | +/- 10% |
| Quotation / Fixed Price |
A fixed price quote given to a third party prior to being commissioned for the works. The quoted sum will include allowances if necessary for contingencies and risk |
+/- 0% |
Tender
Also a fixed price, but is used when more than one supplier is competing for a contract.